COPT Defense Correlations

CDP Stock

27.85 0.19 0.68%

The current 90-days correlation between COPT Defense Properties and Amkor Technology is 0.29 (i.e., Modest diversification). The correlation of COPT Defense is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

COPT Defense Correlation With Market

Weak diversification

The correlation between COPT Defense Properties and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COPT Defense Properties and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with COPT Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in COPT Defense Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with COPT Stock

0.71	Z	Zillow Group Class	Pair Corr
0.7	UE	Urban Edge Properties	Pair Corr
0.61	VICI	VICI Properties	Pair Corr
0.83	ELME	Elme Communities	Pair Corr
0.69	WELL	Welltower Earnings Call This Week	Pair Corr
0.89	ESBA	Empire State Realty	Pair Corr
0.71	FISK	Empire State Realty	Pair Corr
0.84	BDN	Brandywine Realty Trust Earnings Call Today	Pair Corr
0.89	BXP	Boston Properties Sell-off Trend	Pair Corr
0.79	CIO	City Office	Pair Corr
0.87	CUZ	Cousins Properties	Pair Corr
0.96	DEA	Eerly Govt Ppty	Pair Corr
0.79	DEI	Douglas Emmett	Pair Corr
0.72	EGP	EastGroup Properties Earnings Call Today	Pair Corr
0.61	FSP	Franklin Street Prop Earnings Call This Week	Pair Corr
0.94	HIW	Highwoods Properties Earnings Call Today	Pair Corr
0.7	HPP	Hudson Pacific Properties	Pair Corr
0.84	INN	Summit Hotel Properties	Pair Corr
0.87	KRC	Kilroy Realty Corp Earnings Call This Week	Pair Corr
0.88	LXP	LXP Industrial Trust	Pair Corr
0.92	PDM	Piedmont Office Realty Earnings Call This Week	Pair Corr
0.94	SLG	SL Green Realty	Pair Corr
0.73	SMA	SmartStop Self Storage	Pair Corr
0.69	VNO	Vornado Realty Trust	Pair Corr

Moving against COPT Stock

0.87	MPW	Medical Properties Trust	Pair Corr
0.81	NHI	National Health Investors	Pair Corr
0.53	OPI	Office Properties Income	Pair Corr
0.49	INVH	Invitation Homes Earnings Call Tomorrow	Pair Corr
0.49	MDRR	Medalist Diversified Reit	Pair Corr
0.46	CRESY	Cresud SACIF y	Pair Corr

Related Correlations Analysis

	ABEV	TER	AEHR	MCHP	FTLF	AMKR	LWAY
ABEV		-0.25	-0.35	-0.09	0.75	-0.16	-0.46	ABEV
TER	-0.25		0.93	0.95	-0.38	0.98	0.61	TER
AEHR	-0.35	0.93		0.88	-0.42	0.9	0.72	AEHR
MCHP	-0.09	0.95	0.88		-0.27	0.96	0.54	MCHP
FTLF	0.75	-0.38	-0.42	-0.27		-0.3	-0.33	FTLF
AMKR	-0.16	0.98	0.9	0.96	-0.3		0.57	AMKR
LWAY	-0.46	0.61	0.72	0.54	-0.33	0.57		LWAY
	ABEV	TER	AEHR	MCHP	FTLF	AMKR	LWAY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AMKR	+ 0.98	TER
AMKR	+ 0.96	MCHP
MCHP	+ 0.95	TER
AEHR	+ 0.93	TER
AMKR	+ 0.9	AEHR
MCHP	+ 0.88	AEHR

High negative correlations

LWAY	- 0.46	ABEV
FTLF	- 0.42	AEHR
FTLF	- 0.38	TER
AEHR	- 0.35	ABEV
LWAY	- 0.33	FTLF
AMKR	- 0.3	FTLF

Risk-Adjusted Indicators

There is a big difference between COPT Stock performing well and COPT Defense 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 COPT Defense'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
ABEV	1.02	0.04	(0.06)	0.78	1.22	(1.14)	2.21	(2.01)	6.36
TER	1.89	0.16	0.15	0.23	1.53	(2.39)	5.62	(2.94)	10.58
AEHR	3.64	0.70	0.21	0.43	3.52	(4.20)	9.25	(5.17)	26.55
MCHP	2.16	0.86	0.57	0.75	0.87	(2.80)	6.40	(2.54)	15.85
FTLF	2.25	0.12	0.00	11.04	2.44	(2.69)	5.01	(3.92)	18.72
AMKR	1.78	0.20	0.12	0.27	1.73	(2.05)	3.82	(3.26)	11.83
LWAY	1.27	0.02	(0.02)	0.16	1.67	(1.55)	3.50	(1.69)	11.98

COPT Defense Corporate Executives

Elected by the shareholders, the COPT Defense's board of directors comprises two types of representatives: COPT Defense inside directors who are chosen from within the company, and outside directors, selected externally and held independent of COPT. The board's role is to monitor COPT Defense's management team and ensure that shareholders' interests are well served. COPT Defense's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, COPT Defense's outside directors are responsible for providing unbiased perspectives on the board's policies.

Anthony CPA	Executive CFO	Profile
Anthony Mifsud	Executive CFO	Profile
Britt Snider	Executive COO	Profile

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