Prologis Correlations

PLD Stock

USD 106.78 0.35 0.33%

The current 90-days correlation between Prologis and Public Storage is 0.64 (i.e., Poor diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Prologis Correlation With Market

Very weak diversification

The correlation between Prologis and DJI is 0.54 (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 DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Prologis Stock

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 closely tied 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.

Moving together with Prologis Stock

0.66	BXP	Boston Properties Sell-off Trend	Pair Corr
0.68	DEI	Douglas Emmett	Pair Corr
0.75	SLG	SL Green Realty	Pair Corr
0.76	JBGS	JBG SMITH Properties	Pair Corr
0.74	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.92	FR	First Industrial Realty	Pair Corr
0.8	OZ	Belpointe PREP LLC	Pair Corr
0.77	PK	Park Hotels Resorts	Pair Corr
0.66	UE	Urban Edge Properties	Pair Corr
0.62	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.64	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.61	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.69	DOUG	Douglas Elliman	Pair Corr
0.77	VNO-PL	Vornado Realty Trust	Pair Corr
0.77	VNO-PM	Vornado Realty Trust	Pair Corr
0.68	VNO-PN	Vornado Realty Trust	Pair Corr
0.81	MITT-PA	AG Mortgage Investment	Pair Corr
0.85	MITT-PB	AG Mortgage Investment	Pair Corr
0.84	MITT-PC	AG Mortgage Investment	Pair Corr
0.75	EARN	Ellington Residential	Pair Corr
0.84	ELME	Elme Communities	Pair Corr
0.63	ESBA	Empire State Realty	Pair Corr

Moving against Prologis Stock

0.68	ADC	Agree Realty Earnings Call This Week	Pair Corr
0.64	WHLR	Wheeler Real Estate	Pair Corr
0.54	WETH	Wetouch Technology Common	Pair Corr
0.49	FCPT	Four Corners Property	Pair Corr

Related Correlations Analysis

	PSA	STAG	EXR	REXR	IIPR	AVB	EQR	BXP	DLR
PSA		0.28	0.49	0.09	0.24	0.47	0.73	0.0	0.27	PSA
STAG	0.28		0.85	0.95	0.86	0.05	-0.1	0.83	0.9	STAG
EXR	0.49	0.85		0.82	0.82	0.31	0.21	0.64	0.85	EXR
REXR	0.09	0.95	0.82		0.87	0.0	-0.21	0.82	0.86	REXR
IIPR	0.24	0.86	0.82	0.87		0.14	-0.03	0.67	0.81	IIPR
AVB	0.47	0.05	0.31	0.0	0.14		0.79	0.08	0.15	AVB
EQR	0.73	-0.1	0.21	-0.21	-0.03	0.79		-0.18	0.04	EQR
BXP	0.0	0.83	0.64	0.82	0.67	0.08	-0.18		0.82	BXP
DLR	0.27	0.9	0.85	0.86	0.81	0.15	0.04	0.82		DLR
	PSA	STAG	EXR	REXR	IIPR	AVB	EQR	BXP	DLR

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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

REXR	+ 0.95	STAG
DLR	+ 0.9	STAG
IIPR	+ 0.87	REXR
IIPR	+ 0.86	STAG
DLR	+ 0.86	REXR
EXR	+ 0.85	STAG

High negative correlations

EQR	- 0.21	REXR
BXP	- 0.18	EQR
EQR	- 0.1	STAG
EQR	- 0.03	IIPR
AVB	- 0.0	REXR
BXP	- 0.0	PSA

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
PSA	0.83	(0.10)	0.00	(0.02)	0.00	0.00	2.28	(2.08)	7.05
STAG	0.94	0.08	0.03	0.24	1.20	(0.97)	2.20	(1.64)	5.84
EXR	0.92	0.04	0.00	0.19	1.27	(0.91)	2.14	(2.08)	7.96
REXR	1.13	0.06	0.03	0.19	1.36	(1.17)	2.67	(2.45)	8.63
IIPR	1.28	(0.01)	(0.01)	0.12	1.70	(1.25)	2.75	(3.15)	8.29
AVB	0.82	(0.06)	(0.09)	0.04	1.10	(0.80)	1.86	(1.65)	5.59
EQR	0.85	(0.06)	(0.10)	0.03	1.16	(0.83)	1.78	(1.84)	5.67
BXP	1.29	0.26	0.05	(0.87)	1.58	(1.31)	3.63	(2.18)	9.39
DLR	0.84	0.25	0.15	0.69	0.79	(1.01)	1.74	(1.67)	7.03

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