Prologis Correlations
| PLD Stock | USD 104.06 0.71 0.69% |
The correlation of Prologis 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prologis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prologis moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Prologis and NYA is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prologis and NYA in the same portfolio, assuming nothing else is changed.
Prologis |
The ability to find closely correlated positions to Prologis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prologis 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 Prologis - 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 Prologis to buy it.
Moving together with Prologis Stock
| 0.93 | FR | First Industrial Realty Earnings Call This Week | PairCorr |
| 0.93 | EGP | EastGroup Properties | PairCorr |
| 0.82 | PSA | Public Storage Earnings Call This Week | PairCorr |
| 0.76 | SHO | Sunstone Hotel Investors Financial Report 3rd of May 2024 | PairCorr |
| 0.64 | PLYM | Plymouth Industrial REIT Financial Report 2nd of May 2024 | PairCorr |
| 0.9 | REXR | Rexford Industrial Realty | PairCorr |
| 0.87 | TRNO | Terreno Realty Financial Report 1st of May 2024 | PairCorr |
| 0.66 | COLD | Americold Realty Trust Financial Report 2nd of May 2024 | PairCorr |
Moving against Prologis Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Prologis Stock performing well and Prologis 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 Prologis' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EXR | 1.27 | (0.26) | 0.00 | (0.08) | 0.00 | 2.23 | 10.97 | |||
| LSI | 1.06 | (0.05) | 0.00 | (0.16) | 0.00 | 2.09 | 8.35 | |||
| CUBE | 1.16 | (0.24) | 0.00 | (0.09) | 0.00 | 1.84 | 10.46 | |||
| STAG | 1.01 | (0.21) | 0.00 | (0.09) | 0.00 | 2.12 | 5.27 | |||
| IIPR | 1.24 | (0.04) | 0.01 | 0.06 | 1.68 | 2.58 | 11.16 | |||
| PSA | 1.12 | (0.28) | 0.00 | (0.10) | 0.00 | 1.99 | 10.62 | |||
| NSA | 1.27 | (0.24) | 0.00 | (0.05) | 0.00 | 2.52 | 11.69 | |||
| TRNO | 1.16 | (0.27) | 0.00 | (0.08) | 0.00 | 2.61 | 11.35 | |||
| PLYM | 1.21 | (0.24) | 0.00 | (0.06) | 0.00 | 2.28 | 7.79 | |||
| EGP | 1.03 | (0.30) | 0.00 | (0.13) | 0.00 | 2.16 | 7.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Prologis 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.Did you try this?
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Prologis Corporate Directors
Prologis corporate directors refer to members of a Prologis board of directors. The board of directors generally takes responsibility for the Prologis' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Prologis' board members must vote for the resolution. The Prologis board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Losh | Independent Director | Profile | |
| Olivier Piani | Independent Director | Profile | |
| David OConnor | Independent Director | Profile | |
| Christine Garvey | Independent Director | Profile |
Already Invested in Prologis?
The danger of trading Prologis is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Prologis is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Prologis. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Prologis is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Prologis is a strong investment it is important to analyze Prologis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Prologis' future performance. For an informed investment choice regarding Prologis Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prologis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Prologis Stock refer to our How to Trade Prologis Stock guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Prologis Stock analysis
When running Prologis' price analysis, check to measure Prologis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prologis is operating at the current time. Most of Prologis' value examination focuses on studying past and present price action to predict the probability of Prologis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prologis' price. Additionally, you may evaluate how the addition of Prologis to your portfolios can decrease your overall portfolio volatility.
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Is Prologis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Prologis. If investors know Prologis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Prologis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.227 | Dividend Share 3.57 | Earnings Share 3.42 | Revenue Per Share 9.207 | Quarterly Revenue Growth 0.1 |
The market value of Prologis is measured differently than its book value, which is the value of Prologis that is recorded on the company's balance sheet. Investors also form their own opinion of Prologis' value that differs from its market value or its book value, called intrinsic value, which is Prologis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Prologis' market value can be influenced by many factors that don't directly affect Prologis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Prologis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Prologis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prologis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.