Office Properties Correlations

OPI Stock

USD 0.55 0.04 6.78%

The current 90-days correlation between Office Properties Income and Hudson Pacific Properties is 0.23 (i.e., Modest 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

Significant diversification

The correlation between Office Properties Income and DJI is 0.07 (i.e., Significant 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Office Properties Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Office Stock

0.77	DEI	Douglas Emmett	Pair Corr
0.61	KRC	Kilroy Realty Corp	Pair Corr
0.63	PDM	Piedmont Office Realty	Pair Corr
0.72	CMCT	Creative Media Community	Pair Corr
0.67	KW	Kennedy Wilson Holdings	Pair Corr
0.73	PK	Park Hotels Resorts	Pair Corr
0.65	RC	Ready Capital Corp	Pair Corr
0.81	UE	Urban Edge Properties	Pair Corr
0.69	EARN	Ellington Residential	Pair Corr

Moving against Office Stock

0.64	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.62	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.61	DX	Dynex Capital	Pair Corr
0.57	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.56	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.52	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.5	O	Realty Income	Pair Corr
0.36	FR	First Industrial Realty	Pair Corr
0.62	CDR-PC	Cedar Realty Trust	Pair Corr
0.55	VICI	VICI Properties	Pair Corr
0.53	MITT-PC	AG Mortgage Investment	Pair Corr
0.52	NREF-PA	NexPoint Real Estate	Pair Corr
0.51	WELL	Welltower	Pair Corr
0.5	ELME	Elme Communities	Pair Corr
0.49	MITT-PA	AG Mortgage Investment	Pair Corr
0.46	CDR-PB	Cedar Realty Trust	Pair Corr
0.44	FBRT	Franklin BSP Realty	Pair Corr
0.37	VNO-PL	Vornado Realty Trust	Pair Corr
0.35	MITT-PB	AG Mortgage Investment	Pair Corr
0.32	BFS-PD	Saul Centers	Pair Corr

Related Correlations Analysis

	HPP	PDM	CIO	KRC	PSTL	BXP	SLG	ARE	CUZ	HIW
HPP		0.07	0.23	0.16	0.12	0.34	0.33	0.38	0.65	0.3	HPP
PDM	0.07		0.69	0.95	-0.61	0.84	0.77	-0.01	0.47	0.54	PDM
CIO	0.23	0.69		0.76	-0.28	0.73	0.7	0.12	0.48	0.68	CIO
KRC	0.16	0.95	0.76		-0.58	0.9	0.8	0.04	0.55	0.66	KRC
PSTL	0.12	-0.61	-0.28	-0.58		-0.52	-0.62	0.26	-0.36	-0.23	PSTL
BXP	0.34	0.84	0.73	0.9	-0.52		0.92	0.05	0.72	0.75	BXP
SLG	0.33	0.77	0.7	0.8	-0.62	0.92		0.02	0.69	0.65	SLG
ARE	0.38	-0.01	0.12	0.04	0.26	0.05	0.02		0.02	0.32	ARE
CUZ	0.65	0.47	0.48	0.55	-0.36	0.72	0.69	0.02		0.51	CUZ
HIW	0.3	0.54	0.68	0.66	-0.23	0.75	0.65	0.32	0.51		HIW
	HPP	PDM	CIO	KRC	PSTL	BXP	SLG	ARE	CUZ	HIW

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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

KRC	+ 0.95	PDM
SLG	+ 0.92	BXP
BXP	+ 0.9	KRC
BXP	+ 0.84	PDM
SLG	+ 0.8	KRC
SLG	+ 0.77	PDM

High negative correlations

SLG	- 0.62	PSTL
PSTL	- 0.61	PDM
PSTL	- 0.58	KRC
BXP	- 0.52	PSTL
CUZ	- 0.36	PSTL
PSTL	- 0.28	CIO

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
HPP	3.55	0.07	0.00	(0.01)	0.00	0.00	8.01	(6.06)	21.47
PDM	1.72	(0.27)	0.00	(0.30)	0.00	0.00	2.91	(3.74)	12.31
CIO	1.61	(0.02)	0.00	(0.06)	0.00	0.00	3.81	(3.73)	9.02
KRC	1.90	(0.20)	0.00	(0.21)	0.00	0.00	3.44	(3.90)	9.23
PSTL	1.16	0.10	0.08	0.26	1.48	(1.30)	2.04	(1.84)	14.89
BXP	1.63	(0.15)	0.00	(0.17)	0.00	0.00	2.43	(3.90)	9.26
SLG	1.74	(0.28)	0.00	(0.25)	0.00	0.00	3.36	(3.81)	8.94
ARE	1.24	(0.01)	0.00	(0.05)	0.00	0.00	2.70	(2.84)	7.58
CUZ	1.38	0.02	0.00	(0.01)	0.00	0.00	2.34	(3.17)	6.98
HIW	1.34	(0.04)	0.00	(0.08)	0.00	0.00	2.75	(2.84)	7.07

Office Properties Corporate Executives

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.

Matthew Brown	CFO, Treasurer	Profile
Brian Donley	CFO Treasurer	Profile
Brian CPA	CFO Treasurer	Profile

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