CCOI vs TPB: Correlation
Cogent Communications Holdings, Inc. (CCOI) and Turning Point Brands, Inc. (TPB) show a negative 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 TPB?
Across a 3-year window, the weekly returns of CCOI and TPB correlate at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.31). Stretching to 5 years gives -0.22, with an annualized covariance of -887.4 %².
Among the 13 assets we track against CCOI, TPB sits near the bottom by co-movement, at rank #12. The last year tells two different stories: TPB led by 60.1 percentage points, -74.3% for CCOI against -14.2% for TPB.
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 TPB: side by side
| CCOI (Cogent Communications Holdings, Inc.) | TPB (Turning Point Brands, Inc.) | |
|---|---|---|
| 1-year return | -74.3% | -14.2% |
| 5-year return | -83.0% | +74.4% |
| Volatility (ann.) | 63.2% | 44.7% |
| Beta vs S&P 500 | 0.57 | 0.76 |
| Max drawdown (3Y) | -88.3% | -50.6% |
| Market cap | $0.5B | $1.7B |
| P/E (trailing) | – | 38.3 |
| Dividend yield | 10.70% | 0.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCOI | TPB |
|---|---|---|
| 2022 | -17.2% | -42.2% |
| 2023 | +41.2% | +23.1% |
| 2024 | +7.2% | +130.1% |
| 2025 | -70.1% | +81.0% |
| 2026 | -55.0% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCOI and TPB good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between CCOI and TPB?
As of 2026-08-27, the correlation of weekly returns between CCOI and TPB is -0.31 over 3 years, -0.44 over 1 year and -0.22 over 5 years.
Is TPB a good diversifier for CCOI?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: CCOI correlations · TPB correlations
