CubeSmart Correlations

CubeSmart Correlation With Market

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CubeSmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.

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    REXR + 0.82 EXR COLD + 0.72 NSA ELS + 0.71 NSA ELS + 0.61 COLD PSA + 0.49 EXR PSA + 0.28 NSA

High negative correlations    REXR - 0.8 COLD REXR - 0.76 NSA COLD - 0.73 EXR REXR - 0.68 ELS NSA - 0.44 EXR ELS - 0.41 EXR

Risk-Adjusted Indicators

There is a big difference between CubeSmart Stock performing well and CubeSmart 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 CubeSmart'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.