COPT Defense Correlations

CDP Stock

32.23 0.39 1.22%

The current 90-days correlation between COPT Defense Properties and First Industrial Realty is 0.32 (i.e., Weak 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

Modest diversification

The correlation between COPT Defense Properties and DJI is 0.24 (i.e., Modest 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.

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

0.67	UE	Urban Edge Properties	Pair Corr
0.7	EQIX	Equinix	Pair Corr
0.62	WELL	Welltower	Pair Corr
0.63	ESBA	Empire State Realty	Pair Corr
0.67	FISK	Empire State Realty	Pair Corr
0.71	AAT	American Assets Trust	Pair Corr
0.64	AHR	American Healthcare REIT,	Pair Corr
0.8	AKR	Acadia Realty Trust	Pair Corr
0.82	BXP	Boston Properties	Pair Corr

Moving against COPT Stock

0.61	FR	First Industrial Realty	Pair Corr
0.51	VICI	VICI Properties	Pair Corr
0.31	HR	Healthcare Realty Trust	Pair Corr
0.31	ELME	Elme Communities	Pair Corr
0.67	AHH	Armada Hflr Pr	Pair Corr
0.66	AMH	American Homes 4	Pair Corr
0.63	AHT	Ashford Hospitality Trust	Pair Corr
0.61	AIV	Apartment Investment and	Pair Corr
0.47	AMT	American Tower Corp	Pair Corr
0.43	BRT	BRT Realty Trust	Pair Corr
0.61	CPT	Camden Property Trust	Pair Corr
0.59	EGP	EastGroup Properties	Pair Corr
0.59	EQC	Equity Commonwealth	Pair Corr
0.56	CSR	Centerspace	Pair Corr

Related Correlations Analysis

	O	FR	HR	PK	PW	UE	WY	VICI	ELME	EPRT
O		0.65	0.28	-0.51	0.06	-0.7	0.43	0.73	0.53	0.08	O
FR	0.65		0.5	-0.04	0.08	-0.79	0.2	0.84	0.67	-0.04	FR
HR	0.28	0.5		-0.2	-0.36	-0.13	0.07	0.63	0.47	0.37	HR
PK	-0.51	-0.04	-0.2		-0.02	0.25	0.03	-0.33	-0.04	0.12	PK
PW	0.06	0.08	-0.36	-0.02		-0.22	-0.29	-0.08	-0.15	-0.49	PW
UE	-0.7	-0.79	-0.13	0.25	-0.22		-0.11	-0.72	-0.52	0.36	UE
WY	0.43	0.2	0.07	0.03	-0.29	-0.11		0.27	0.32	0.6	WY
VICI	0.73	0.84	0.63	-0.33	-0.08	-0.72	0.27		0.5	0.15	VICI
ELME	0.53	0.67	0.47	-0.04	-0.15	-0.52	0.32	0.5		-0.08	ELME
EPRT	0.08	-0.04	0.37	0.12	-0.49	0.36	0.6	0.15	-0.08		EPRT
	O	FR	HR	PK	PW	UE	WY	VICI	ELME	EPRT

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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

VICI	+ 0.84	FR
VICI	+ 0.73	O
ELME	+ 0.67	FR
FR	+ 0.65	O
VICI	+ 0.63	HR
EPRT	+ 0.6	WY

High negative correlations

UE	- 0.79	FR
VICI	- 0.72	UE
UE	- 0.7	O
ELME	- 0.52	UE
PK	- 0.51	O
EPRT	- 0.49	PW

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
O	0.79	(0.05)	0.00	0.55	0.00	0.00	1.38	(1.84)	5.16
FR	0.84	(0.11)	0.00	(0.10)	0.00	0.00	1.48	(1.82)	3.74
HR	1.07	0.03	(0.07)	(1.02)	1.38	(1.07)	2.00	(2.54)	5.37
PK	1.35	(0.11)	(0.03)	0.04	1.57	(1.42)	2.99	(2.71)	10.98
PW	6.47	0.45	0.00	(0.03)	7.04	(9.39)	11.11	(10.85)	119.44
UE	0.83	0.12	0.06	0.38	0.76	(0.94)	1.78	(1.57)	4.48
WY	1.06	0.01	(0.05)	0.15	1.35	(1.09)	2.28	(2.14)	6.66
VICI	0.66	0.00	(0.13)	0.00	0.91	(0.73)	1.18	(1.81)	4.16
ELME	0.95	(0.13)	0.00	(0.11)	0.00	0.00	2.31	(2.15)	5.49
EPRT	0.82	0.08	(0.01)	0.50	0.96	(0.87)	1.67	(1.77)	4.84

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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