SmartStop Self Correlations

STSFF Stock

USD 33.16 0.00 0.00%

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

Average diversification

The correlation between SmartStop Self Storage and DJI is 0.13 (i.e., Average 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.

The ability to find closely correlated positions to SmartStop Self could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SmartStop Self when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SmartStop Self - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SmartStop Self Storage to buy it.

Moving together with SmartStop Pink Sheet

0.72	PPERY	Bank Mandiri Persero	Pair Corr
0.68	KB	KB Financial Group	Pair Corr
0.68	MSFT	Microsoft Aggressive Push	Pair Corr
0.83	CAT	Caterpillar	Pair Corr

Moving against SmartStop Pink Sheet

0.47	PSA	Public Storage	Pair Corr
0.46	EGP	EastGroup Properties	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.65	IBM	International Business	Pair Corr
0.62	KO	Coca Cola Sell-off Trend	Pair Corr
0.59	JNJ	Johnson Johnson	Pair Corr
0.56	WM	Waste Management	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.34	GE	GE Aerospace	Pair Corr
0.33	INTC	Intel Sell-off Trend	Pair Corr

Related Correlations Analysis

	INDT	LXP	FR	PLYM	TRNO	REXR	EGP	EXR	CUBE	NSA
INDT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	INDT
LXP	0.0		0.83	-0.01	0.76	0.6	0.86	0.29	0.33	0.55	LXP
FR	0.0	0.83		-0.41	0.96	0.82	0.99	0.64	0.22	0.36	FR
PLYM	0.0	-0.01	-0.41		-0.48	-0.33	-0.37	-0.32	0.53	0.51	PLYM
TRNO	0.0	0.76	0.96	-0.48		0.87	0.94	0.67	0.17	0.25	TRNO
REXR	0.0	0.6	0.82	-0.33	0.87		0.79	0.7	0.19	0.23	REXR
EGP	0.0	0.86	0.99	-0.37	0.94	0.79		0.58	0.2	0.37	EGP
EXR	0.0	0.29	0.64	-0.32	0.67	0.7	0.58		0.45	0.31	EXR
CUBE	0.0	0.33	0.22	0.53	0.17	0.19	0.2	0.45		0.86	CUBE
NSA	0.0	0.55	0.36	0.51	0.25	0.23	0.37	0.31	0.86		NSA
	INDT	LXP	FR	PLYM	TRNO	REXR	EGP	EXR	CUBE	NSA

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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

EGP	+ 0.99	FR
TRNO	+ 0.96	FR
EGP	+ 0.94	TRNO
REXR	+ 0.87	TRNO
EGP	+ 0.86	LXP
NSA	+ 0.86	CUBE

High negative correlations

TRNO	- 0.48	PLYM
PLYM	- 0.41	FR
EGP	- 0.37	PLYM
REXR	- 0.33	PLYM
EXR	- 0.32	PLYM
PLYM	- 0.01	LXP

Risk-Adjusted Indicators

There is a big difference between SmartStop Pink Sheet 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
INDT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LXP	1.21	0.05	0.04	0.03	1.55	(1.41)	2.26	(3.11)	7.76
FR	1.04	0.09	0.07	0.09	1.31	(1.15)	2.38	(2.66)	7.96
PLYM	1.29	(0.11)	0.00	(0.30)	0.00	0.00	3.03	(2.75)	7.28
TRNO	1.02	0.07	0.06	0.08	1.42	(1.12)	2.15	(2.59)	9.03
REXR	1.32	0.06	0.04	0.03	1.53	(1.53)	2.89	(2.82)	7.35
EGP	1.09	0.10	0.08	0.11	1.31	(1.10)	1.88	(1.94)	7.67
EXR	1.19	(0.06)	0.00	(0.14)	0.00	0.00	2.20	(3.17)	7.84
CUBE	1.18	(0.11)	0.00	(0.39)	0.00	0.00	2.31	(2.66)	5.55
NSA	1.21	(0.05)	0.00	(0.15)	0.00	0.00	2.07	(2.05)	7.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in SmartStop Self without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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SmartStop Self Corporate Management

Michael Schwartz	Chairman Founder	Profile
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