Public Storage Correlations

PSA Stock

USD 300.43 7.44 2.54%

The current 90-days correlation between Public Storage and Prologis is 0.7 (i.e., Poor diversification). The correlation of Public Storage 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.

Public Storage Correlation With Market

Very good diversification

The correlation between Public Storage and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Public Storage and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Public Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Public 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 state.

For information on how to trade Public Stock refer to our How to Trade Public Stock guide.

Moving together with Public Stock

0.78	FR	First Industrial Realty	Pair Corr
0.62	HR	Healthcare Realty Trust Earnings Call This Week	Pair Corr
0.68	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.65	WY	Weyerhaeuser	Pair Corr
0.61	EQIX	Equinix Earnings Call This Week	Pair Corr
0.69	AIV	Apartment Investment and Earnings Call This Week	Pair Corr
0.67	AKR	Acadia Realty Trust	Pair Corr
0.65	ARE	Alexandria Real Estate	Pair Corr
0.67	AVB	AvalonBay Communities	Pair Corr
0.71	BFS	Saul Centers	Pair Corr
0.62	BRT	BRT Realty Trust Earnings Call This Week	Pair Corr
0.73	BRX	Brixmor Property	Pair Corr

Related Correlations Analysis

	LSI	CUBE	NSA	PLD	STAG	EXR	REXR	IIPR	EGP	COLD
LSI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LSI
CUBE	0.0		0.79	0.82	0.9	0.83	0.8	0.75	0.89	0.88	CUBE
NSA	0.0	0.79		0.66	0.79	0.7	0.7	0.46	0.74	0.65	NSA
PLD	0.0	0.82	0.66		0.77	0.95	0.93	0.86	0.86	0.74	PLD
STAG	0.0	0.9	0.79	0.77		0.71	0.78	0.73	0.96	0.88	STAG
EXR	0.0	0.83	0.7	0.95	0.71		0.85	0.82	0.79	0.67	EXR
REXR	0.0	0.8	0.7	0.93	0.78	0.85		0.79	0.84	0.73	REXR
IIPR	0.0	0.75	0.46	0.86	0.73	0.82	0.79		0.83	0.8	IIPR
EGP	0.0	0.89	0.74	0.86	0.96	0.79	0.84	0.83		0.88	EGP
COLD	0.0	0.88	0.65	0.74	0.88	0.67	0.73	0.8	0.88		COLD
	LSI	CUBE	NSA	PLD	STAG	EXR	REXR	IIPR	EGP	COLD

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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	+ 0.96	STAG
EXR	+ 0.95	PLD
REXR	+ 0.93	PLD
STAG	+ 0.9	CUBE
EGP	+ 0.89	CUBE
COLD	+ 0.88	CUBE

High negative correlations

COLD	- 0.0	LSI
EGP	- 0.0	LSI
IIPR	- 0.0	LSI
REXR	- 0.0	LSI
EXR	- 0.0	LSI
STAG	- 0.0	LSI

Risk-Adjusted Indicators

There is a big difference between Public Stock performing well and Public Storage 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 Public Storage'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
LSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CUBE	1.38	0.09	0.07	(0.01)	1.87	(1.45)	2.86	(2.96)	9.20
NSA	1.52	(0.03)	0.06	(0.02)	2.28	(1.45)	2.65	(4.05)	10.29
PLD	1.56	(0.26)	0.00	0.89	0.00	0.00	1.93	(3.78)	12.82
STAG	1.30	0.09	0.00	(0.03)	0.00	0.00	1.97	(3.73)	10.78
EXR	1.40	(0.12)	0.00	0.21	0.00	0.00	2.63	(4.13)	10.01
REXR	1.61	(0.33)	0.00	1.82	0.00	0.00	2.67	(3.60)	13.52
IIPR	2.08	(0.24)	0.00	(0.48)	0.00	0.00	3.09	(7.20)	16.76
EGP	1.27	0.08	0.00	(0.05)	0.00	0.00	1.89	(3.24)	10.22
COLD	1.91	(0.01)	0.00	(0.15)	0.00	0.00	3.07	(4.79)	15.21

Public Storage Corporate Management

Gary Pruitt	Lead Independent Trustee	Profile
Michelle MillstoneShroff	Independent Trustee	Profile
Avedick Poladian	Independent Trustee	Profile
Leslie Heisz	Independent Trustee	Profile
Tamara Gustavson	Trustee	Profile

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