Office Properties Correlations

Stocks . Germany . 
Stock . Office Properties Income
GOKA Stock  EUR 0.51  0.04  7.27%   
The current 90-days correlation between Office Properties Income and PT Bank Maybank is -0.21 (i.e., Very good diversification). The correlation of Office Properties 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.

Office Properties Correlation With Market

Good diversification

The correlation between Office Properties Income and DJI is -0.05 (i.e., 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.
  
The ability to find closely correlated positions to Office Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Office Properties when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Office Properties - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Office Properties Income to buy it.

Moving together with Office Stock

  0.74BO9 Boston PropertiesPairCorr
  0.725QV CITY OFFICE REITPairCorr
  0.6274F LIFE BANC SPLITPairCorr
  0.66CBHD Coloplast A/SPairCorr

Moving against Office Stock

  0.76RHM Rheinmetall AGPairCorr
  0.659EE ZINZINO AB BPairCorr
  0.65GOC Star DiamondPairCorr
  0.653RE Rejlerkoncernen ABPairCorr
  0.645TP BLUE LABELPairCorr
  0.64PKX POSCO HoldingsPairCorr
  0.61XTP Sino AGPairCorr
  0.57ROI Rosenbauer InternationalPairCorr
  0.49NMM NewmontPairCorr
  0.46SOBA ATT IncPairCorr
  0.41ROM Rohm CoPairCorr
  0.389Y2 LABOCANNA SA ZYPairCorr
  0.86BW BW ENERGY LTDPairCorr
  0.76DUBA DRDGoldPairCorr
  0.71JYS1 JYSKE BANKPairCorr
  0.71TKA thyssenkrupp AGPairCorr
  0.6992K K92 Mining Earnings Call This WeekPairCorr
  0.67KONN Komercn banka asPairCorr
  0.67BSN Danone SAPairCorr
  0.63BRH Berkshire HathawayPairCorr
  0.6DBPE Xtrackers LevDAXPairCorr
  0.59BY6A BYD LimitedPairCorr
  0.57AG9 ACTIA GROUP SAPairCorr
  0.56PEH PEH WERTPAPIERPairCorr
  0.54KGHA KGHM Polska MiedzPairCorr
  0.53SLW1 Swiss Life HoldingPairCorr

Related Correlations Analysis

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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   
CCJ
+ 0.69
SWN
UAL1
+ 0.67
0VF
CCJ
+ 0.57
71F
BOZA
+ 0.51
71F
UAL1
+ 0.5
71F
71F
+ 0.48
SWN
  
High negative correlations   
CCJ
- 0.36
E8H
E8H
- 0.35
SWN
CIAH
- 0.18
0VF
CIAH
- 0.14
E8H
E8H
- 0.14
71F
BOZA
- 0.11
E8H

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Office Properties without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Office Properties Corporate Management

Elected by the shareholders, the Office Properties' board of directors comprises two types of representatives: Office Properties inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Office. The board's role is to monitor Office Properties' management team and ensure that shareholders' interests are well served. Office Properties' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Office Properties' outside directors are responsible for providing unbiased perspectives on the board's policies.
Christopher BilottoPres COOProfile
Matthew BrownCFO TreasurerProfile
Jennifer ClarkSecProfile
Kevin BarryDirector RelationsProfile
Olivia SnyderMa RelationsProfile
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