SmartStop Self Correlations

SMA Stock

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The current 90-days correlation between SmartStop Self Storage and Artisan Partners Asset is 0.23 (i.e., Modest diversification). 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

Modest diversification

The correlation between SmartStop Self Storage and DJI is 0.28 (i.e., Modest 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.

Build AI portfolio with SmartStop Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SmartStop 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 population.

Moving together with SmartStop Stock

0.67	Z	Zillow Group Class	Pair Corr
0.65	LB	LandBridge Company	Pair Corr
0.65	PK	Park Hotels Resorts Downward Rally	Pair Corr
0.62	EPRT	Essential Properties	Pair Corr
0.86	EQIX	Equinix	Pair Corr
0.66	WELL	Welltower	Pair Corr
0.68	ESBA	Empire State Realty	Pair Corr
0.71	ESRT	Empire State Realty	Pair Corr
0.75	AAT	American Assets Trust	Pair Corr
0.69	AHR	American Healthcare REIT,	Pair Corr
0.85	ALX	Alexanders	Pair Corr
0.81	BDN	Brandywine Realty Trust	Pair Corr
0.75	BXP	Boston Properties	Pair Corr
0.74	CDP	COPT Defense Properties	Pair Corr

Related Correlations Analysis

	APAM	AAM	SEIC	HAFN	AMBO	AMP
APAM		0.55	0.86	0.81	0.44	0.92	APAM
AAM	0.55		0.79	0.77	0.12	0.57	AAM
SEIC	0.86	0.79		0.93	0.38	0.89	SEIC
HAFN	0.81	0.77	0.93		0.41	0.82	HAFN
AMBO	0.44	0.12	0.38	0.41		0.3	AMBO
AMP	0.92	0.57	0.89	0.82	0.3		AMP
	APAM	AAM	SEIC	HAFN	AMBO	AMP

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Risk-Adjusted Indicators

There is a big difference between SmartStop Stock 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
APAM	1.74	0.14	0.06	0.14	2.22	(1.98)	3.95	(2.87)	15.46
AAM	0.15	0.02	(0.04)	(8.12)	0.22	(0.21)	0.29	(0.29)	2.99
SEIC	1.39	0.16	0.08	0.16	1.76	(1.50)	2.64	(2.73)	12.68
HAFN	1.81	0.44	0.14	0.51	2.35	(1.95)	4.76	(3.66)	12.59
AMBO	3.44	0.16	0.03	(0.35)	3.83	(3.82)	6.75	(6.23)	25.67
AMP	1.55	0.04	0.02	0.06	2.32	(1.70)	3.15	(3.33)	14.51

SmartStop Self Corporate Management

Nicholas Look	General Officer	Profile
Gerald Valle	Senior Operations	Profile
Joseph Robinson	Chief Officer	Profile
Michael Terjung	Chief Officer	Profile
David CFA	Senior Strategy	Profile

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