CCOI vs FUSE: Correlation
Cogent Communications Holdings, Inc. (CCOI) and Fusemachines Inc. (FUSE) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCOI and FUSE?
On 3 years of weekly data the CCOI/FUSE correlation comes out at 0.31, moderate. Recent behaviour matches the longer record: 0.24 over 1 year against 0.31 over 3. The 5-year figure is 0.29, and annualized covariance runs at 2164.1 %².
Within CCOI's tracked universe of 13 assets, FUSE comes in at #6 by 3-year correlation. The last year tells two different stories: CCOI led by 20.3 percentage points, -74.3% for CCOI against -94.6% for FUSE. Risk is not evenly split, since FUSE carries 1.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CCOI vs FUSE: side by side
| CCOI (Cogent Communications Holdings, Inc.) | FUSE (Fusemachines Inc.) | |
|---|---|---|
| 1-year return | -74.3% | -94.6% |
| 5-year return | -83.0% | -92.2% |
| Volatility (ann.) | 63.2% | 111.4% |
| Beta vs S&P 500 | 0.57 | 0.31 |
| Max drawdown (3Y) | -88.3% | -96.0% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 10.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCOI | FUSE |
|---|---|---|
| 2022 | -17.2% | – |
| 2023 | +41.2% | +7.6% |
| 2024 | +7.2% | +5.6% |
| 2025 | -70.1% | -85.7% |
| 2026 | -55.0% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCOI and FUSE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCOI and FUSE?
The CCOI/FUSE correlation stands at 0.31 on a 3-year window (1 year: 0.24, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is FUSE a good diversifier for CCOI?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccoi-vs-fuse.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccoi-vs-fuse/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCOI correlations · FUSE correlations
