Prologis Correlations

PLD Stock

USD 112.38 1.05 0.93%

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 0.48 (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.

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

0.74	O	Realty Income Sell-off Trend	Pair Corr
0.91	FR	First Industrial Realty	Pair Corr
0.77	WY	Weyerhaeuser	Pair Corr
0.66	VICI	VICI Properties	Pair Corr
0.86	WELL	Welltower	Pair Corr
0.7	FCPT	Four Corners Property	Pair Corr
0.8	AIV	Apartment Investment and	Pair Corr

Moving against Prologis Stock

0.75	WHLR	Wheeler Real Estate Buyout Trend	Pair Corr
0.65	ESBA	Empire State Realty	Pair Corr
0.63	AAT	American Assets Trust	Pair Corr
0.57	PK	Park Hotels Resorts	Pair Corr
0.55	ESRT	Empire State Realty	Pair Corr
0.55	FISK	Empire State Realty	Pair Corr
0.44	AHH	Armada Hflr Pr	Pair Corr
0.39	PW	Power REIT	Pair Corr
0.65	CDP	COPT Defense Properties Sell-off Trend	Pair Corr
0.6	DLR	Digital Realty Trust	Pair Corr
0.5	BHR	Braemar Hotel Resorts	Pair Corr
0.5	DRH	Diamondrock Hospitality	Pair Corr
0.44	BFS	Saul Centers	Pair Corr
0.43	BDN	Brandywine Realty Trust	Pair Corr
0.41	DEI	Douglas Emmett	Pair Corr
0.4	CIO	City Office	Pair Corr
0.39	AMH	American Homes 4	Pair Corr
0.34	BXP	Boston Properties	Pair Corr

Related Correlations Analysis

	EXR	LSI	CUBE	STAG	IIPR	PSA	NSA	TRNO	PLYM	EGP
EXR		0.0	0.6	0.63	0.44	0.69	0.59	0.6	0.07	0.58	EXR
LSI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LSI
CUBE	0.6	0.0		0.45	0.86	0.89	0.96	0.0	0.77	0.09	CUBE
STAG	0.63	0.0	0.45		0.33	0.74	0.54	0.77	0.08	0.88	STAG
IIPR	0.44	0.0	0.86	0.33		0.72	0.84	-0.04	0.69	0.02	IIPR
PSA	0.69	0.0	0.89	0.74	0.72		0.93	0.28	0.58	0.42	PSA
NSA	0.59	0.0	0.96	0.54	0.84	0.93		0.07	0.74	0.19	NSA
TRNO	0.6	0.0	0.0	0.77	-0.04	0.28	0.07		-0.46	0.94	TRNO
PLYM	0.07	0.0	0.77	0.08	0.69	0.58	0.74	-0.46		-0.34	PLYM
EGP	0.58	0.0	0.09	0.88	0.02	0.42	0.19	0.94	-0.34		EGP
	EXR	LSI	CUBE	STAG	IIPR	PSA	NSA	TRNO	PLYM	EGP

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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

NSA	+ 0.96	CUBE
EGP	+ 0.94	TRNO
NSA	+ 0.93	PSA
PSA	+ 0.89	CUBE
EGP	+ 0.88	STAG
IIPR	+ 0.86	CUBE

High negative correlations

PLYM	- 0.46	TRNO
EGP	- 0.34	PLYM
TRNO	- 0.04	IIPR
TRNO	- 0.0	CUBE
EGP	- 0.0	LSI
PLYM	- 0.0	LSI

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
EXR	1.17	(0.09)	0.00	(0.24)	0.00	0.00	2.20	(3.17)	7.84
LSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CUBE	1.17	(0.13)	0.00	(0.45)	0.00	0.00	2.31	(2.66)	5.55
STAG	1.06	0.04	0.00	(0.03)	0.00	0.00	2.19	(2.51)	6.21
IIPR	2.04	(0.62)	0.00	(1.31)	0.00	0.00	2.52	(4.36)	23.61
PSA	1.09	(0.10)	0.00	(0.34)	0.00	0.00	2.23	(2.26)	5.34
NSA	1.20	(0.15)	0.00	(0.43)	0.00	0.00	2.00	(2.05)	7.97
TRNO	0.92	0.16	0.16	0.17	1.14	(1.04)	1.90	(1.78)	7.73
PLYM	1.28	(0.09)	0.00	(0.29)	0.00	0.00	3.03	(2.75)	7.67
EGP	1.06	0.14	0.12	0.11	1.31	(1.05)	1.87	(1.94)	7.67

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