Office Properties Correlations

OPINL Stock

USD 2.16 0.04 1.89%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Office Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Office Properties Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Office Properties Correlation With Market

Very good diversification

The correlation between Office Properties Income and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Office Properties Income and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center 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 employment.

Moving together with Office Stock

0.85	HIW	Highwoods Properties	Pair Corr
0.81	LRHC	La Rosa Holdings	Pair Corr

Moving against Office Stock

0.77	REGN	Regeneron Pharmaceuticals	Pair Corr
0.62	TUXS	Tuxis	Pair Corr
0.62	00184AAG0	AOL TIME WARNER	Pair Corr
0.6	ERHE	ERHC Energy	Pair Corr
0.79	NWG	Natwest Group PLC	Pair Corr
0.78	HAL	Halliburton Aggressive Push	Pair Corr
0.75	KLAC	KLA Tencor	Pair Corr
0.69	OVCHY	Overseas Chinese Banking	Pair Corr
0.67	BORR	Borr Drilling	Pair Corr
0.61	FOJCF	Fortum Oyj	Pair Corr
0.58	SMECF	SMC Corp	Pair Corr
0.53	HUBB	Hubbell	Pair Corr
0.45	BE	Bloom Energy Corp	Pair Corr
0.44	VIK	Viking Holdings	Pair Corr
0.4	PSCR	Proto Script Pharmac	Pair Corr
0.35	PMEDF	Predictmedix	Pair Corr
0.35	YASKY	Yaskawa Electric Corp	Pair Corr
0.89	CIB	Grupo Cibest SA	Pair Corr
0.85	MU	Micron Technology Buyout Trend	Pair Corr
0.83	ATI	Allegheny Technologies	Pair Corr
0.74	FRRDF	Frontier Developments plc	Pair Corr
0.7	RARE	Ultragenyx	Pair Corr
0.67	BRIOF	Magna Terra Minerals	Pair Corr
0.43	WNEB	Western New England	Pair Corr
0.43	KMDA	Kamada	Pair Corr

Related Correlations Analysis

	CIO	HPP	DEA	JBGS	TWO	KW	CSR	PLYM	CLDT
CIO		0.31	0.15	0.36	0.07	-0.4	-0.48	-0.34	-0.04	CIO
HPP	0.31		0.16	0.91	-0.66	-0.83	-0.87	-0.08	-0.56	HPP
DEA	0.15	0.16		0.3	0.05	0.12	-0.12	0.06	0.55	DEA
JBGS	0.36	0.91	0.3		-0.51	-0.79	-0.82	-0.12	-0.37	JBGS
TWO	0.07	-0.66	0.05	-0.51		0.47	0.49	-0.17	0.54	TWO
KW	-0.4	-0.83	0.12	-0.79	0.47		0.81	0.26	0.64	KW
CSR	-0.48	-0.87	-0.12	-0.82	0.49	0.81		0.31	0.48	CSR
PLYM	-0.34	-0.08	0.06	-0.12	-0.17	0.26	0.31		0.07	PLYM
CLDT	-0.04	-0.56	0.55	-0.37	0.54	0.64	0.48	0.07		CLDT
	CIO	HPP	DEA	JBGS	TWO	KW	CSR	PLYM	CLDT

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

JBGS	+ 0.91	HPP
CSR	+ 0.81	KW
CLDT	+ 0.64	KW
CLDT	+ 0.55	DEA
CLDT	+ 0.54	TWO
CSR	+ 0.49	TWO

High negative correlations

CSR	- 0.87	HPP
KW	- 0.83	HPP
CSR	- 0.82	JBGS
KW	- 0.79	JBGS
TWO	- 0.66	HPP
CLDT	- 0.56	HPP

Risk-Adjusted Indicators

There is a big difference between Office Stock performing well and Office Properties 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 Office Properties' 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
CIO	0.17	(0.01)	(0.24)	(0.05)	0.20	(0.32)	0.29	(0.43)	2.20
HPP	2.52	(1.02)	0.00	(0.34)	0.00	0.00	4.98	(6.64)	16.73
DEA	0.97	(0.10)	0.00	(0.15)	0.00	0.00	2.07	(2.40)	8.49
JBGS	1.33	(0.47)	0.00	(0.68)	0.00	0.00	2.70	(3.14)	8.80
TWO	1.27	0.17	0.11	0.41	1.10	(1.66)	3.01	(1.98)	15.69
KW	1.67	0.22	0.11	0.27	1.64	(2.02)	2.50	(2.34)	33.54
CSR	1.20	0.18	0.14	0.29	1.00	(1.44)	2.40	(2.13)	15.00
PLYM	0.51	(0.02)	(0.08)	0.02	0.79	(0.54)	1.73	(0.94)	5.25
CLDT	1.13	(0.09)	(0.06)	(0.01)	1.31	(1.25)	2.46	(2.09)	7.78

Office Properties 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 Office Properties stock to make a market-neutral strategy. Peer analysis of Office Properties could also be used in its relative valuation, which is a method of valuing Office Properties by comparing valuation metrics with similar companies.

City Office Hudson Pacific Properties Eerly Govt Ppty JBG SMITH Properties Two Harbors Investments Kennedy Wilson Holdings Centerspace Plymouth Industrial REIT Chatham Lodging Trust American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Office Properties Corporate Management

Matthew Brown	CFO Treasurer	Profile
Christopher Bilotto	VP COO	Profile
Jennifer Clark	Secretary Trustee	Profile
David Blackman	CEO Pres	Profile

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