Public Storage Correlations
| PSA Stock | USD 269.51 4.06 1.53% |
The current 90-days correlation between Public Storage and Extra Space Storage is 0.9 (i.e., Almost no 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
Weak diversification
The correlation between Public Storage and DJI is 0.3 (i.e., Weak 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.
Moving together with Public Stock
| 0.95 | EXR | Extra Space Storage | PairCorr |
| 0.82 | NSA | National Storage Aff Potential Growth | PairCorr |
| 0.65 | SMA | SmartStop Self Storage | PairCorr |
| 0.86 | CUBE | CubeSmart | PairCorr |
Moving against Public Stock
| 0.61 | TUXS | Tuxis | PairCorr |
| 0.5 | AMZN | Amazon Inc | PairCorr |
| 0.67 | CLRSF | Castile Resources | PairCorr |
| 0.55 | IFUUF | Infratil Limited | PairCorr |
| 0.42 | OPHLY | Ono Pharmaceutical | PairCorr |
| 0.38 | KNCAY | Konica Minolta | PairCorr |
| 0.33 | ELFIF | E L Financial | PairCorr |
| 0.31 | MPCB | Mountain Pacific Bancorp | PairCorr |
| 0.89 | RIBBU | Ribbon Acquisition Corp | PairCorr |
| 0.53 | CRK | Comstock Resources | PairCorr |
| 0.51 | SEE | Sealed Air | PairCorr |
Related Correlations Analysis
| 0.72 | -0.21 | 0.56 | 0.57 | 0.66 | 0.47 | EXR | ||
| 0.72 | 0.03 | 0.41 | 0.7 | 0.47 | 0.48 | O | ||
| -0.21 | 0.03 | -0.03 | 0.06 | -0.4 | 0.25 | SPG | ||
| 0.56 | 0.41 | -0.03 | 0.19 | 0.51 | 0.22 | CBRE | ||
| 0.57 | 0.7 | 0.06 | 0.19 | 0.29 | 0.44 | DLR | ||
| 0.66 | 0.47 | -0.4 | 0.51 | 0.29 | -0.11 | CCI | ||
| 0.47 | 0.48 | 0.25 | 0.22 | 0.44 | -0.11 | REXR | ||
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EXR | 1.07 | (0.10) | 0.00 | (0.10) | 0.00 | 2.29 | 7.59 | |||
| O | 0.70 | (0.08) | 0.00 | 6.32 | 0.00 | 1.17 | 5.27 | |||
| SPG | 0.80 | 0.07 | 0.05 | 0.18 | 0.93 | 1.67 | 5.88 | |||
| CBRE | 1.07 | (0.06) | 0.00 | (0.02) | 0.00 | 2.02 | 7.55 | |||
| DLR | 1.17 | (0.08) | 0.00 | (0.08) | 0.00 | 2.00 | 10.02 | |||
| CCI | 1.06 | (0.20) | 0.00 | (0.40) | 0.00 | 1.65 | 5.88 | |||
| REXR | 1.11 | 0.05 | 0.01 | 0.56 | 1.19 | 3.00 | 9.00 |
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 |