Prologis Correlations

PLD Stock

USD 115.80 1.83 1.61%

The current 90-days correlation between Prologis and Public Storage is 0.52 (i.e., Very weak diversification). The correlation of Prologis 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.

Prologis Correlation With Market

Weak diversification

The correlation between Prologis and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prologis and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prologis. 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 economic analysis.

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

Moving together with Prologis Stock

0.68	O	Realty Income	Pair Corr
0.76	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr
0.79	NNN	National Retail Prop Sell-off Trend	Pair Corr
0.95	FR	First Industrial Realty	Pair Corr
0.78	RC	Ready Capital Corp	Pair Corr
0.81	UK	Ucommune International	Pair Corr
0.77	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.65	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.87	AHT-PG	Ashford Hospitality Trust	Pair Corr

Moving against Prologis Stock

0.83	UE	Urban Edge Properties	Pair Corr
0.82	SKT	Tanger Factory Outlet	Pair Corr
0.78	SPG	Simon Property Group	Pair Corr
0.76	SITC	Site Centers Corp	Pair Corr
0.71	ROIC	Retail Opportunity Sell-off Trend	Pair Corr
0.66	AHR	American Healthcare REIT,	Pair Corr
0.65	IVT	Inventrust Properties	Pair Corr
0.64	KIM	Kimco Realty	Pair Corr
0.6	BRX	Brixmor Property	Pair Corr
0.49	KRG	Kite Realty Group	Pair Corr
0.32	GTY	Getty Realty	Pair Corr
0.76	MITT-PC	AG Mortgage Investment	Pair Corr
0.73	WELL	Welltower	Pair Corr
0.73	CDR-PB	Cedar Realty Trust	Pair Corr
0.71	EQIX	Equinix	Pair Corr
0.67	CDR-PC	Cedar Realty Trust	Pair Corr
0.6	MITT-PB	AG Mortgage Investment	Pair Corr
0.49	EMITF	Elbit Imaging	Pair Corr
0.46	VNO-PN	Vornado Realty Trust	Pair Corr
0.43	VNO-PM	Vornado Realty Trust	Pair Corr
0.43	MITT-PA	AG Mortgage Investment	Pair Corr

Related Correlations Analysis

	EXR	LSI	CUBE	STAG	IIPR	PSA	NSA	TRNO	PLYM	EGP
EXR		0.13	0.95	0.77	0.48	0.87	0.95	0.86	0.76	0.89	EXR
LSI	0.13		0.15	0.18	-0.55	0.0	0.22	0.19	0.0	0.11	LSI
CUBE	0.95	0.15		0.74	0.43	0.92	0.97	0.85	0.72	0.86	CUBE
STAG	0.77	0.18	0.74		0.37	0.51	0.71	0.93	0.94	0.91	STAG
IIPR	0.48	-0.55	0.43	0.37		0.5	0.38	0.37	0.49	0.49	IIPR
PSA	0.87	0.0	0.92	0.51	0.5		0.92	0.64	0.5	0.73	PSA
NSA	0.95	0.22	0.97	0.71	0.38	0.92		0.8	0.66	0.85	NSA
TRNO	0.86	0.19	0.85	0.93	0.37	0.64	0.8		0.92	0.94	TRNO
PLYM	0.76	0.0	0.72	0.94	0.49	0.5	0.66	0.92		0.88	PLYM
EGP	0.89	0.11	0.86	0.91	0.49	0.73	0.85	0.94	0.88		EGP
	EXR	LSI	CUBE	STAG	IIPR	PSA	NSA	TRNO	PLYM	EGP

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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

NSA	+ 0.97	CUBE
CUBE	+ 0.95	EXR
NSA	+ 0.95	EXR
PLYM	+ 0.94	STAG
EGP	+ 0.94	TRNO
TRNO	+ 0.93	STAG

High negative correlations

IIPR	- 0.55	LSI
PLYM	- 0.0	LSI
PSA	- 0.0	LSI

Risk-Adjusted Indicators

There is a big difference between Prologis Stock performing well and Prologis 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 Prologis' 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	1.05	(0.03)	0.00	0.42	0.00	0.00	1.92	(2.61)	7.52
LSI	1.06	0.00	0.00	0.11	0.00	0.00	2.09	(2.17)	8.35
CUBE	0.95	(0.01)	0.00	0.16	0.00	0.00	2.23	(1.69)	7.82
STAG	0.90	(0.21)	0.00	(0.17)	0.00	0.00	1.87	(2.11)	6.06
IIPR	1.42	(0.15)	0.00	12.13	0.00	0.00	2.47	(3.36)	13.47
PSA	1.07	0.05	(0.06)	(0.30)	1.50	(0.99)	2.31	(2.02)	7.24
NSA	1.10	0.00	(0.08)	0.11	1.48	(1.15)	2.03	(2.76)	6.48
TRNO	1.01	(0.24)	0.00	(0.43)	0.00	0.00	1.65	(2.30)	8.19
PLYM	1.12	(0.50)	0.00	(0.30)	0.00	0.00	1.28	(3.15)	10.73
EGP	0.86	(0.18)	0.00	(0.17)	0.00	0.00	1.43	(1.82)	5.66

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