Office Properties Correlations
| OPINLDelisted Stock | USD 2.16 0.04 1.89% |
The current 90-days correlation between Office Properties Income and Xinyuan Real Estate is 0.07 (i.e., Significant diversification). 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
Excellent diversification
The correlation between Office Properties Income and DJI is -0.54 (i.e., Excellent 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.
Office |
Moving together with Office Stock
Moving against Office Stock
| 0.96 | TUXS | Tuxis | PairCorr |
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| 0.87 | JNJ | Johnson Johnson | PairCorr |
| 0.83 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.82 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.74 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.71 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.68 | AA | Alcoa Corp | PairCorr |
| 0.67 | WF | Woori Financial Group | PairCorr |
| 0.57 | MCD | McDonalds | PairCorr |
| 0.54 | KB | KB Financial Group | PairCorr |
| 0.47 | SHG | Shinhan Financial | PairCorr |
| 0.45 | KO | Coca Cola | PairCorr |
| 0.43 | BAC | Bank of America | PairCorr |
| 0.38 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.35 | JPM | JPMorgan Chase | PairCorr |
| 0.31 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.31 | BA | Boeing | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LSEA | 3.08 | 0.93 | 0.26 | 1.62 | 2.11 | 7.18 | 61.07 | |||
| XIN | 4.10 | 0.16 | 0.01 | (0.61) | 4.88 | 13.55 | 36.91 | |||
| GGEI | 5.97 | 1.69 | 0.00 | (0.56) | 0.00 | 0.00 | 150.00 | |||
| EQC | 0.88 | (0.13) | 0.00 | 0.89 | 0.00 | 2.35 | 9.98 | |||
| ALBT | 5.04 | (1.29) | 0.00 | (1.04) | 0.00 | 12.31 | 48.54 | |||
| LEJU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MDRR | 2.41 | (0.17) | 0.00 | (0.38) | 0.00 | 5.62 | 17.17 | |||
| IVR | 1.10 | 0.37 | 0.28 | 1.08 | 0.74 | 2.36 | 8.01 | |||
| CORR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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.
| 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 |
Still Interested in Office Properties Income?
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