CubeSmart Correlations

CUBE Stock

USD 38.93 0.38 0.99%

The current 90-days correlation between CubeSmart and Rexford Industrial Realty is 0.58 (i.e., Very weak 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

Poor diversification

The correlation between CubeSmart and DJI is 0.67 (i.e., Poor 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

0.95	EXR	Extra Space Storage Earnings Call This Week	Pair Corr
0.97	NSA	National Storage Aff	Pair Corr
0.95	PSA	Public Storage	Pair Corr
0.65	IDXG	Interpace Biosciences	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr
0.79	HRZN	Horizon Technology	Pair Corr
0.79	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.64	SOME	Somerset Trust Holding	Pair Corr
0.71	MCCK	Mestek Inc	Pair Corr
0.91	EPR	EPR Properties	Pair Corr
0.69	SYY	Sysco	Pair Corr
0.79	TGT	Target	Pair Corr
0.77	WTTR	Select Energy Services Earnings Call This Week	Pair Corr

Moving against CubeSmart Stock

0.41

OPINL

Office Properties Income

Pair Corr

Related Correlations Analysis

	REXR	FRT	EGP	FR	BRX	STAG	LINE	NNN
REXR		-0.52	-0.41	-0.31	-0.54	0.25	-0.37	-0.3	REXR
FRT	-0.52		0.87	0.85	0.77	-0.12	0.77	0.66	FRT
EGP	-0.41	0.87		0.88	0.71	0.16	0.84	0.7	EGP
FR	-0.31	0.85	0.88		0.48	-0.08	0.76	0.45	FR
BRX	-0.54	0.77	0.71	0.48		0.24	0.62	0.85	BRX
STAG	0.25	-0.12	0.16	-0.08	0.24		0.2	0.31	STAG
LINE	-0.37	0.77	0.84	0.76	0.62	0.2		0.67	LINE
NNN	-0.3	0.66	0.7	0.45	0.85	0.31	0.67		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	+ 0.88	EGP
EGP	+ 0.87	FRT
FR	+ 0.85	FRT
NNN	+ 0.85	BRX
LINE	+ 0.84	EGP
BRX	+ 0.77	FRT

High negative correlations

BRX	- 0.54	REXR
FRT	- 0.52	REXR
EGP	- 0.41	REXR
LINE	- 0.37	REXR
FR	- 0.31	REXR
NNN	- 0.3	REXR

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	1.20	(0.20)	0.00	(0.20)	0.00	0.00	2.08	(1.96)	9.72
FRT	0.78	0.11	0.08	0.38	0.69	(0.86)	1.78	(1.42)	5.29
EGP	0.78	0.12	0.07	0.89	0.81	(0.84)	1.97	(1.34)	4.78
FR	0.87	0.07	0.02	0.39	0.89	(0.96)	1.93	(1.52)	4.67
BRX	0.93	0.15	0.09	1.12	0.89	(0.96)	1.87	(1.90)	5.02
STAG	0.80	(0.05)	0.00	(0.08)	0.00	0.00	1.77	(1.45)	7.64
LINE	1.65	0.14	0.09	0.17	1.53	(2.22)	4.19	(2.86)	11.98
NNN	0.79	0.15	0.10	2.39	0.74	(0.86)	1.63	(1.32)	4.10

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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