Cowen Correlations

Summary

COWNDelisted Stock

USD 38.99 0.00 0.00%

The current 90-days correlation between Cowen Group and FactSet Research Systems is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cowen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cowen Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cowen Correlation With Market

Average diversification

The correlation between Cowen Group and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cowen Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Cowen Stock

0.76	WMT	Walmart	Pair Corr
0.81	AMZN	Amazon Inc	Pair Corr
0.74	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.82	YPF	YPF Sociedad Anonima	Pair Corr
0.66	GLPPRB	Global Partners LP	Pair Corr
0.76	FNMFO	Federal National Mortgage	Pair Corr
0.67	DMRC	Digimarc	Pair Corr
0.65	HWC	Hancock Whitney Corp Fiscal Year End 21st of January 2025	Pair Corr
0.71	HAFC	Hanmi Financial Fiscal Year End 28th of January 2025	Pair Corr
0.64	ESGLW	ESGL Holdings Limited	Pair Corr
0.63	BSGM	BioSig Technologies,	Pair Corr
0.84	SAPMF	Saipem SpA	Pair Corr
0.78	GIFI	Gulf Island Fabrication	Pair Corr
0.67	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.69	BSIG	Brightsphere Investment	Pair Corr
0.83	NBIX	Neurocrine Biosciences	Pair Corr

Moving against Cowen Stock

0.68	VLKAF	Volkswagen AG	Pair Corr
0.68	VWAGY	Volkswagen AG 110	Pair Corr
0.68	VWAPY	Volkswagen AG Pref	Pair Corr
0.68	DPSTF	Deutsche Post AG	Pair Corr
0.66	VLKPF	Volkswagen AG VZO	Pair Corr
0.59	MEDS	Trxade Group Symbol Change	Pair Corr
0.47	HNHPF	Hon Hai Precision	Pair Corr
0.56	BYDDY	BYD Co	Pair Corr
0.49	251566AA3	DT 3625 21	Pair Corr

Related Correlations Analysis

	FDS	IPGP	QTWO	ALNT	NTGR	CTS	JBL	STSFF
FDS		0.16	0.88	0.9	0.87	0.81	0.7	0.39	FDS
IPGP	0.16		0.28	0.12	0.29	0.57	0.5	0.11	IPGP
QTWO	0.88	0.28		0.94	0.91	0.85	0.82	0.39	QTWO
ALNT	0.9	0.12	0.94		0.86	0.82	0.7	0.42	ALNT
NTGR	0.87	0.29	0.91	0.86		0.84	0.87	0.41	NTGR
CTS	0.81	0.57	0.85	0.82	0.84		0.81	0.37	CTS
JBL	0.7	0.5	0.82	0.7	0.87	0.81		0.2	JBL
STSFF	0.39	0.11	0.39	0.42	0.41	0.37	0.2		STSFF
	FDS	IPGP	QTWO	ALNT	NTGR	CTS	JBL	STSFF

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Risk-Adjusted Indicators

There is a big difference between Cowen Stock performing well and Cowen Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cowen's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FDS	0.86	0.03	0.02	0.07	1.05	(0.88)	1.58	(1.54)	5.61
IPGP	1.77	0.05	0.03	0.06	2.00	(1.86)	4.86	(3.15)	11.69
QTWO	1.60	0.47	0.27	0.81	1.35	(1.91)	3.46	(2.43)	18.28
ALNT	2.13	0.19	0.08	0.13	2.41	(2.30)	4.75	(4.50)	13.67
NTGR	1.83	0.47	0.25	1.06	1.48	(2.26)	4.83	(3.05)	11.27
CTS	1.53	0.08	0.05	0.06	1.81	(1.62)	2.45	(2.79)	17.06
JBL	1.39	0.40	0.35	0.49	0.81	(1.86)	3.72	(2.04)	15.06
STSFF	0.19	(0.01)	0.00	(0.66)	0.00	0.00	0.56	0.00	5.56

Cowen Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cowen stock to make a market-neutral strategy. Peer analysis of Cowen could also be used in its relative valuation, which is a method of valuing Cowen by comparing valuation metrics with similar companies.

FactSet Research Systems IPG Photonics Q2 Holdings Allient NETGEAR CTS Corporation Jabil Circuit SmartStop Self Storage American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Cowen Corporate Management

John DiMaiuta	MD Officer	Profile
James Farley	MD Relations	Profile
Larry Wieseneck	CoPres Banking	Profile
Stephen CPA	MD CFO	Profile
Elizabeth Rosman	MD Management	Profile
Owen Littman	General Counsel and Secretary	Profile

Still Interested in Cowen Group?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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