COPT Defense Correlations

CDP Stock

31.10 0.01 0.03%

The current 90-days correlation between COPT Defense Properties and Cousins Properties Incorporated is -0.01 (i.e., Good 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

Very weak diversification

The correlation between COPT Defense Properties and DJI is 0.41 (i.e., Very weak 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

0.9	O	Realty Income Sell-off Trend	Pair Corr
0.81	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.63	HR	Healthcare Realty Trust	Pair Corr
0.91	UE	Urban Edge Properties	Pair Corr
0.86	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.88	VICI	VICI Properties Sell-off Trend	Pair Corr
0.85	ELME	Elme Communities	Pair Corr
0.8	EPRT	Essential Properties	Pair Corr
0.83	EQIX	Equinix	Pair Corr
0.89	WELL	Welltower	Pair Corr
0.63	ESRT	Empire State Realty	Pair Corr
0.85	FCPT	Four Corners Property	Pair Corr
0.9	AAT	American Assets Trust	Pair Corr
0.9	ADC	Agree Realty	Pair Corr
0.85	AHR	American Healthcare REIT,	Pair Corr
0.95	AKR	Acadia Realty Trust	Pair Corr
0.63	AMH	American Homes 4 Potential Growth	Pair Corr
0.81	AMT	American Tower Corp	Pair Corr
0.77	AVB	AvalonBay Communities	Pair Corr
0.94	BDN	Brandywine Realty Trust	Pair Corr
0.86	BFS	Saul Centers	Pair Corr
0.87	BNL	Broadstone Net Lease	Pair Corr
0.92	BRX	Brixmor Property Sell-off Trend	Pair Corr
0.91	BXP	Boston Properties	Pair Corr
0.87	CCI	Crown Castle Earnings Call This Week	Pair Corr
0.62	CIO	City Office	Pair Corr

Moving against COPT Stock

0.65	WHLR	Wheeler Real Estate Trending	Pair Corr
0.8	AHT	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	CUZ	HIW	DEI	EQC	KRC	HPP	PDM	EQC-PD	FSP	CMCT
CUZ		0.96	0.85	0.61	0.66	-0.41	0.93	0.92	0.49	-0.68	CUZ
HIW	0.96		0.87	0.6	0.7	-0.39	0.97	0.92	0.46	-0.66	HIW
DEI	0.85	0.87		0.23	0.9	-0.3	0.88	0.75	0.55	-0.82	DEI
EQC	0.61	0.6	0.23		0.0	-0.13	0.49	0.66	0.14	-0.03	EQC
KRC	0.66	0.7	0.9	0.0		-0.04	0.75	0.52	0.63	-0.64	KRC
HPP	-0.41	-0.39	-0.3	-0.13	-0.04		-0.41	-0.48	0.28	0.54	HPP
PDM	0.93	0.97	0.88	0.49	0.75	-0.41		0.85	0.5	-0.68	PDM
EQC-PD	0.92	0.92	0.75	0.66	0.52	-0.48	0.85		0.26	-0.62	EQC-PD
FSP	0.49	0.46	0.55	0.14	0.63	0.28	0.5	0.26		-0.24	FSP
CMCT	-0.68	-0.66	-0.82	-0.03	-0.64	0.54	-0.68	-0.62	-0.24		CMCT
	CUZ	HIW	DEI	EQC	KRC	HPP	PDM	EQC-PD	FSP	CMCT

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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

PDM	+ 0.97	HIW
HIW	+ 0.96	CUZ
PDM	+ 0.93	CUZ
EQC-PD	+ 0.92	CUZ
EQC-PD	+ 0.92	HIW
KRC	+ 0.9	DEI

High negative correlations

CMCT	- 0.82	DEI
CMCT	- 0.68	PDM
CMCT	- 0.68	CUZ
CMCT	- 0.66	HIW
CMCT	- 0.64	KRC
CMCT	- 0.62	EQC-PD

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
CUZ	1.07	0.39	0.24	6.32	0.78	(1.25)	2.41	(1.82)	10.46
HIW	1.14	0.23	0.23	0.31	0.79	(1.44)	2.28	(1.55)	7.44
DEI	1.51	0.29	0.20	0.28	1.43	(1.74)	3.68	(2.65)	8.71
EQC	0.40	0.01	(0.07)	0.14	0.63	(0.42)	1.04	(0.69)	5.29
KRC	1.57	0.14	0.09	0.19	1.69	(1.67)	3.98	(2.85)	10.53
HPP	2.99	(0.26)	0.00	(0.08)	0.00	0.00	6.61	(5.04)	24.03
PDM	1.50	0.31	0.22	0.31	1.19	(1.80)	4.36	(2.56)	11.43
EQC-PD	0.18	0.03	(0.17)	1.79	0.13	(0.20)	0.44	(0.40)	1.37
FSP	2.55	0.14	0.02	1.74	2.74	(3.28)	6.17	(4.43)	16.51
CMCT	4.26	(1.58)	0.00	(2.46)	0.00	0.00	6.25	(12.50)	62.92

COPT Defense Corporate Management

Matthew Myers	Chief VP	Profile
David Finch	General VP	Profile
Frank Ziegler	Senior Services	Profile
William Barroll	Managing Officer	Profile

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