Global Self Correlations

SELF Stock

USD 5.17 0.14 2.64%

The current 90-days correlation between Global Self Storage and LXP Industrial Trust is 0.14 (i.e., Average diversification). The correlation of Global Self 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.

Global Self Correlation With Market

Significant diversification

The correlation between Global Self Storage and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Self Storage and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Global Self Storage. 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.

Moving together with Global Stock

0.62

BRT

BRT Realty Trust

Pair Corr

Moving against Global Stock

0.31	O	Realty Income	Pair Corr
0.36	HIW	Highwoods Properties	Pair Corr
0.31	DEA	Eerly Govt Ppty Sell-off Trend	Pair Corr

Related Correlations Analysis

	LXP	FR	PLYM	TRNO	INDT	REXR	EGP	COLD
LXP		0.86	0.92	0.88	-0.75	0.85	0.87	0.8	LXP
FR	0.86		0.86	0.94	-0.76	0.91	0.94	0.86	FR
PLYM	0.92	0.86		0.91	-0.91	0.89	0.85	0.9	PLYM
TRNO	0.88	0.94	0.91		-0.86	0.96	0.94	0.87	TRNO
INDT	-0.75	-0.76	-0.91	-0.86		-0.83	-0.74	-0.85	INDT
REXR	0.85	0.91	0.89	0.96	-0.83		0.93	0.91	REXR
EGP	0.87	0.94	0.85	0.94	-0.74	0.93		0.84	EGP
COLD	0.8	0.86	0.9	0.87	-0.85	0.91	0.84		COLD
	LXP	FR	PLYM	TRNO	INDT	REXR	EGP	COLD

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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	+ 0.96	TRNO
TRNO	+ 0.94	FR
EGP	+ 0.94	FR
EGP	+ 0.94	TRNO
EGP	+ 0.93	REXR
PLYM	+ 0.92	LXP

High negative correlations

INDT	- 0.91	PLYM
INDT	- 0.86	TRNO
COLD	- 0.85	INDT
REXR	- 0.83	INDT
INDT	- 0.76	FR
INDT	- 0.75	LXP

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Self 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 Global Self'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LXP	0.88	(0.09)	0.00	(1.93)	0.00	1.76	(2.08)	7.57
FR	0.86	(0.09)	0.00	(0.06)	0.00	1.49	(1.82)	4.74
PLYM	1.12	(0.36)	0.00	(5.39)	0.00	1.28	(3.15)	10.73
TRNO	1.01	(0.24)	0.00	(0.43)	0.00	1.65	(2.30)	8.19
INDT	0.06	0.02	(1.51)	(1.68)	(0.08)	0.15	(0.08)	0.48
REXR	1.28	(0.32)	0.00	(0.83)	0.00	2.08	(2.76)	12.54
EGP	0.86	(0.18)	0.00	(0.17)	0.00	1.43	(1.82)	5.66
COLD	1.04	(0.33)	0.00	(3.60)	0.00	1.65	(2.24)	10.83

Global Self Corporate Management

Robert Mathers	VP of Operations	Profile
Thomas CPA	Chief CFO	Profile
Angelito Sarabia	Controller	Profile
Esq II	Secretary, Counsel	Profile

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