Public Storage Correlations

PSA-PL Preferred Stock

USD 18.82 0.15 0.80%

The current 90-days correlation between Public Storage and Americold Realty Trust is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Public Storage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Public Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Public Storage Correlation With Market

Average diversification

The correlation between Public Storage and DJI is 0.19 (i.e., Average 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.

The ability to find closely correlated positions to Public Storage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Public Storage when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Public Storage - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Public Storage to buy it.

Moving together with Public Preferred Stock

0.85	OPINL	Office Properties Income	Pair Corr
0.74	FNMFO	Federal National Mortgage	Pair Corr
0.67	PG	Procter Gamble	Pair Corr
0.85	MSFT	Microsoft Sell-off Trend	Pair Corr

Moving against Public Preferred Stock

0.88	CSCO	Cisco Systems	Pair Corr
0.87	BCH	Banco De Chile	Pair Corr
0.85	TUXS	Tuxis	Pair Corr
0.77	KO	Coca Cola	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.71	FTV	Fortive Corp	Pair Corr
0.7	SHG	Shinhan Financial	Pair Corr
0.69	AVAL	Grupo Aval	Pair Corr
0.69	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.6	AXP	American Express	Pair Corr
0.54	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.53	MCD	McDonalds	Pair Corr
0.37	WF	Woori Financial Group	Pair Corr
0.34	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GRP-UN	ABR	VNO	BNL	COLD	SLG	MPW	NSA	HIW
GRP-UN		-0.33	-0.27	-0.29	0.44	-0.19	-0.24	-0.31	-0.46	GRP-UN
ABR	-0.33		0.94	0.75	0.55	0.86	0.07	0.79	0.86	ABR
VNO	-0.27	0.94		0.69	0.55	0.89	0.18	0.75	0.86	VNO
BNL	-0.29	0.75	0.69		0.43	0.7	-0.24	0.69	0.8	BNL
COLD	0.44	0.55	0.55	0.43		0.58	-0.27	0.55	0.31	COLD
SLG	-0.19	0.86	0.89	0.7	0.58		-0.04	0.62	0.91	SLG
MPW	-0.24	0.07	0.18	-0.24	-0.27	-0.04		0.03	0.03	MPW
NSA	-0.31	0.79	0.75	0.69	0.55	0.62	0.03		0.62	NSA
HIW	-0.46	0.86	0.86	0.8	0.31	0.91	0.03	0.62		HIW
	GRP-UN	ABR	VNO	BNL	COLD	SLG	MPW	NSA	HIW

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

VNO	+ 0.94	ABR
HIW	+ 0.91	SLG
SLG	+ 0.89	VNO
SLG	+ 0.86	ABR
HIW	+ 0.86	ABR
HIW	+ 0.86	VNO

High negative correlations

HIW	- 0.46	GRP-UN
ABR	- 0.33	GRP-UN
NSA	- 0.31	GRP-UN
BNL	- 0.29	GRP-UN
MPW	- 0.27	COLD
VNO	- 0.27	GRP-UN

Risk-Adjusted Indicators

There is a big difference between Public Preferred 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
GRP-UN	0.86	0.11	0.04	2.26	0.94	(1.06)	2.06	(1.82)	7.41
ABR	1.71	(0.68)	0.00	(0.43)	0.00	0.00	2.46	(4.81)	14.71
VNO	1.43	(0.36)	0.00	(0.24)	0.00	0.00	2.50	(3.88)	8.49
BNL	0.77	(0.06)	0.00	(0.11)	0.00	0.00	1.60	(1.54)	6.01
COLD	1.86	0.10	0.02	0.26	2.73	(1.76)	4.67	(3.90)	12.44
SLG	1.71	(0.38)	0.00	(0.56)	0.00	0.00	2.38	(3.47)	10.73
MPW	1.61	(0.01)	(0.02)	0.06	1.75	(2.10)	5.25	(2.78)	11.84
NSA	1.16	(0.13)	0.00	(0.21)	0.00	0.00	2.35	(2.38)	6.75
HIW	0.88	(0.35)	0.00	(0.71)	0.00	0.00	1.47	(2.10)	5.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Public Storage without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Public Storage Corporate Management

Steven Lentin	Ex Operations	Profile
Michael Braine	Chief Officer	Profile
Thomas III	VP CFO	Profile
Joseph Russell	Pres CEO	Profile
John Sambuco	Pres Management	Profile
David CFE	Chief Officer	Profile
Natalia Johnson	Sr Officer	Profile

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