Global Self Correlations

SELF Stock

USD 5.07 0.08 1.55%

The current 90-days correlation between Global Self Storage and Public Storage is -0.01 (i.e., Good 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

Average diversification

The correlation between Global Self Storage and DJI is 0.1 (i.e., Average 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 against Global Stock

0.36	ESBA	Empire State Realty	Pair Corr
0.33	O	Realty Income	Pair Corr
0.38	DEA	Eerly Govt Ppty	Pair Corr

Related Correlations Analysis

	PSA	EXR	REXR	IIPR	PLD	CUBE	NSA	COLD
PSA		0.91	0.73	0.44	0.74	0.93	0.92	0.59	PSA
EXR	0.91		0.89	0.46	0.85	0.96	0.97	0.74	EXR
REXR	0.73	0.89		0.57	0.94	0.89	0.85	0.91	REXR
IIPR	0.44	0.46	0.57		0.46	0.43	0.35	0.73	IIPR
PLD	0.74	0.85	0.94	0.46		0.89	0.84	0.87	PLD
CUBE	0.93	0.96	0.89	0.43	0.89		0.97	0.75	CUBE
NSA	0.92	0.97	0.85	0.35	0.84	0.97		0.68	NSA
COLD	0.59	0.74	0.91	0.73	0.87	0.75	0.68		COLD
	PSA	EXR	REXR	IIPR	PLD	CUBE	NSA	COLD

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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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PSA	1.07	0.06	(0.04)	(0.51)	1.52	(0.99)	2.40	(2.02)	7.24
EXR	1.05	(0.02)	0.00	0.28	0.00	0.00	1.75	(2.61)	7.52
REXR	1.30	(0.33)	0.00	(0.90)	0.00	0.00	2.08	(2.76)	12.54
IIPR	1.42	(0.15)	0.00	15.58	0.00	0.00	2.47	(3.36)	13.37
PLD	1.12	(0.19)	0.00	(0.22)	0.00	0.00	1.99	(2.37)	8.46
CUBE	0.95	(0.02)	0.00	0.18	0.00	0.00	2.23	(1.69)	7.82
NSA	1.09	(0.01)	(0.08)	(0.08)	1.49	(1.14)	2.03	(2.76)	6.48
COLD	1.10	(0.31)	0.00	(3.47)	0.00	0.00	1.65	(2.24)	9.93

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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