SmartStop Self Correlations

SMA Stock

36.21 0.17 0.47%

The current 90-days correlation between SmartStop Self Storage and CompoSecure is 0.04 (i.e., Significant diversification). The correlation of SmartStop 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.

SmartStop Self Correlation With Market

Very weak diversification

The correlation between SmartStop Self Storage and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SmartStop Self Storage and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SmartStop Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SmartStop 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 population.

Moving together with SmartStop Stock

0.69	FR	First Industrial Realty	Pair Corr
0.68	ELME	Elme Communities	Pair Corr
0.64	ESRT	Empire State Realty	Pair Corr
0.66	AAT	American Assets Trust Earnings Call This Week	Pair Corr
0.79	AHR	American Healthcare REIT,	Pair Corr
0.64	AIV	Apartment Investment and	Pair Corr
0.73	ALX	Alexanders	Pair Corr
0.72	BDN	Brandywine Realty Trust	Pair Corr
0.65	BFS	Saul Centers Earnings Call This Week	Pair Corr
0.69	BHR	Braemar Hotel Resorts Earnings Call This Week	Pair Corr
0.7	CDP	COPT Defense Properties Earnings Call This Week	Pair Corr

Moving against SmartStop Stock

0.63	WHLR	Wheeler Real Estate	Pair Corr
0.61	FCPT	Four Corners Property Earnings Call This Week	Pair Corr
0.55	ADC	Agree Realty	Pair Corr
0.39	ELS	Equity Lifestyle Pro	Pair Corr

Related Correlations Analysis

	CMPOW	LXP	GFF	PKE	EML	NWL	PMNXF
CMPOW		0.84	0.66	0.66	0.71	0.62	0.55	CMPOW
LXP	0.84		0.41	0.3	0.75	0.54	0.58	LXP
GFF	0.66	0.41		0.81	0.57	0.77	0.09	GFF
PKE	0.66	0.3	0.81		0.35	0.58	0.26	PKE
EML	0.71	0.75	0.57	0.35		0.74	0.41	EML
NWL	0.62	0.54	0.77	0.58	0.74		0.23	NWL
PMNXF	0.55	0.58	0.09	0.26	0.41	0.23		PMNXF
	CMPOW	LXP	GFF	PKE	EML	NWL	PMNXF

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Risk-Adjusted Indicators

There is a big difference between SmartStop Stock performing well and SmartStop 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 SmartStop 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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMPOW	2.62	1.11	0.27	(4.71)	2.33	(3.19)	6.18	(4.52)	14.57
LXP	0.91	0.13	(0.08)	(9.95)	1.09	(0.95)	1.91	(1.75)	7.15
GFF	1.49	(0.02)	0.07	0.22	1.49	(1.60)	4.36	(3.08)	10.17
PKE	1.67	0.33	0.13	0.65	1.69	(1.97)	3.99	(2.41)	16.95
EML	1.84	0.14	0.02	0.46	1.70	(2.00)	3.54	(2.74)	14.34
NWL	2.93	(0.08)	0.10	0.20	2.71	(3.46)	8.05	(4.72)	21.37
PMNXF	1.75	0.31	(0.03)	(0.19)	2.14	(2.37)	4.70	(5.02)	12.97

SmartStop Self Corporate Management

Michael CPA	Chief Officer	Profile
Nicholas Look	General Officer	Profile
Gerald Valle	Senior Operations	Profile
Joseph Robinson	Chief Officer	Profile
Michael Terjung	Chief Officer	Profile

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