SmartStop Self Correlations
| SMA Stock | 36.21 0.17 0.47% |
The current 90-days correlation between SmartStop Self Storage and Hawkins is 0.01 (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 0.44 (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.
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Moving together with SmartStop Stock
| 0.71 | FR | First Industrial Realty | PairCorr |
| 0.64 | ELME | Elme Communities | PairCorr |
| 0.61 | ESRT | Empire State Realty | PairCorr |
| 0.64 | AAT | American Assets Trust Earnings Call Tomorrow | PairCorr |
| 0.61 | AHH | Armada Hflr Pr | PairCorr |
| 0.78 | AHR | American Healthcare REIT, | PairCorr |
| 0.61 | AIV | Apartment Investment and | PairCorr |
| 0.69 | ALX | Alexanders | PairCorr |
| 0.68 | BDN | Brandywine Realty Trust | PairCorr |
| 0.64 | BFS | Saul Centers Earnings Call This Week | PairCorr |
| 0.67 | BHR | Braemar Hotel Resorts Earnings Call This Week | PairCorr |
| 0.68 | CDP | COPT Defense Properties Earnings Call Tomorrow | PairCorr |
Moving against SmartStop Stock
| 0.57 | WHLR | Wheeler Real Estate | PairCorr |
| 0.49 | FCPT | Four Corners Property Earnings Call This Week | PairCorr |
| 0.51 | ADC | Agree Realty | PairCorr |
Related Correlations Analysis
| 0.7 | 0.17 | 0.71 | 0.41 | 0.73 | HWKN | ||
| 0.7 | 0.65 | 0.74 | 0.81 | 0.89 | MATV | ||
| 0.17 | 0.65 | 0.28 | 0.85 | 0.45 | SEE | ||
| 0.71 | 0.74 | 0.28 | 0.47 | 0.66 | PKE | ||
| 0.41 | 0.81 | 0.85 | 0.47 | 0.69 | MOS | ||
| 0.73 | 0.89 | 0.45 | 0.66 | 0.69 | ALTO | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HWKN | 1.23 | 0.40 | 0.15 | 15.94 | 0.93 | 3.24 | 8.01 | |||
| MATV | 2.70 | 0.20 | 0.18 | 0.28 | 2.39 | 7.56 | 16.14 | |||
| SEE | 1.44 | (0.04) | 0.03 | 0.17 | 1.23 | 3.14 | 9.14 | |||
| PKE | 1.68 | 0.31 | 0.13 | 0.57 | 1.71 | 3.99 | 18.78 | |||
| MOS | 1.25 | 0.44 | 0.16 | 41.49 | 1.06 | 3.53 | 8.30 | |||
| ALTO | 3.01 | 0.51 | 0.12 | 0.87 | 3.15 | 7.77 | 19.09 |
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 |