CubeSmart Correlations

CUBE Stock

USD 36.05 0.26 0.72%

The current 90-days correlation between CubeSmart and Rexford Industrial Realty is 0.6 (i.e., Poor diversification). The correlation of CubeSmart 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.

CubeSmart Correlation With Market

Weak diversification

The correlation between CubeSmart and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CubeSmart and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CubeSmart Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CubeSmart. 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 labor statistics.

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

Moving together with CubeSmart Stock

0.96	EXR	Extra Space Storage	Pair Corr
0.89	NSA	National Storage Aff	Pair Corr
0.98	PSA	Public Storage	Pair Corr
0.94	SMA	SmartStop Self Storage	Pair Corr
0.76	OPINL	Office Properties Income	Pair Corr
0.76	GRCMF	Green Shift Commodities	Pair Corr
0.77	VTMLF	Venture Minerals	Pair Corr

Moving against CubeSmart Stock

0.86	FUSB	First Bancshares	Pair Corr
0.84	CBTN	Citizens Bancorp Inv	Pair Corr
0.81	CXOXF	Core Lithium	Pair Corr
0.78	TUXS	Tuxis	Pair Corr
0.78	SDAD	SH Resources Development	Pair Corr
0.7	DLX	Deluxe	Pair Corr
0.61	SELF	Global Self Storage	Pair Corr
0.61	CMA	Comerica Incorporated	Pair Corr
0.58	LIFFF	Li FT Power	Pair Corr
0.55	IDEXY	Industria de Diseno	Pair Corr
0.41	GSVRF	Guanajuato Silver	Pair Corr
0.37	RNECY	Renesas Electronics Corp	Pair Corr
0.92	CAH	Cardinal Health	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr
0.76	DMAA	Drugs Made In	Pair Corr
0.75	TEVJF	Teva Pharmaceutical	Pair Corr
0.7	ACR-PC	ACRES Commercial Realty	Pair Corr
0.7	ACRE	Ares Commercial Real	Pair Corr
0.69	VLVCY	Volvo Car AB	Pair Corr
0.68	SPGI	SP Global	Pair Corr
0.68	KODK	Eastman Kodak	Pair Corr
0.67	MS-PQ	Morgan Stanley	Pair Corr
0.56	BHC	Bausch Health Companies	Pair Corr

Related Correlations Analysis

	REXR	FRT	EGP	FR	BRX	STAG	LINE	NNN
REXR		0.06	0.05	-0.14	0.57	0.2	0.56	0.64	REXR
FRT	0.06		0.4	0.33	0.28	-0.2	0.01	-0.04	FRT
EGP	0.05	0.4		0.94	-0.4	0.7	-0.49	-0.47	EGP
FR	-0.14	0.33	0.94		-0.5	0.69	-0.6	-0.67	FR
BRX	0.57	0.28	-0.4	-0.5		-0.32	0.64	0.67	BRX
STAG	0.2	-0.2	0.7	0.69	-0.32		-0.41	-0.29	STAG
LINE	0.56	0.01	-0.49	-0.6	0.64	-0.41		0.62	LINE
NNN	0.64	-0.04	-0.47	-0.67	0.67	-0.29	0.62		NNN
	REXR	FRT	EGP	FR	BRX	STAG	LINE	NNN

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

FR	+ 0.94	EGP
STAG	+ 0.7	EGP
STAG	+ 0.69	FR
NNN	+ 0.67	BRX
NNN	+ 0.64	REXR
LINE	+ 0.64	BRX

High negative correlations

NNN	- 0.67	FR
LINE	- 0.6	FR
BRX	- 0.5	FR
LINE	- 0.49	EGP
NNN	- 0.47	EGP
LINE	- 0.41	STAG

Risk-Adjusted Indicators

There is a big difference between CubeSmart Stock performing well and CubeSmart 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 CubeSmart'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
REXR	1.08	(0.11)	0.00	(0.06)	0.00	0.00	2.30	(1.97)	6.36
FRT	0.78	0.02	(0.01)	0.09	0.95	(0.83)	1.52	(1.63)	4.40
EGP	0.82	0.09	0.07	0.25	0.80	(0.93)	1.97	(1.34)	4.30
FR	0.84	0.16	0.17	0.34	0.61	(1.01)	2.09	(1.09)	4.87
BRX	0.83	(0.07)	0.00	(0.12)	0.00	0.00	1.64	(2.04)	5.61
STAG	0.73	0.07	0.05	0.20	0.73	(0.86)	1.91	(1.27)	4.08
LINE	1.71	(0.14)	0.00	(0.08)	0.00	0.00	3.44	(4.07)	12.00
NNN	0.78	(0.10)	0.00	(0.22)	0.00	0.00	1.55	(1.31)	4.15

CubeSmart Corporate Management

Guy Middlebrooks	Executive Operations	Profile
Joshua Schutzer	Director Analysis	Profile
Dorothy Dowling	Independent Trustee	Profile
Daniel CFA	Vice Marketing	Profile

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