Public Storage Correlations

Preferred Stocks . USA . 
Preferred Stock . Public Storage
PSA-PR Preferred Stock  USD 16.29  0.01  0.06%   
The current 90-days correlation between Public Storage and Outfront Media is -0.02 (i.e., Good diversification). The correlation of Public Storage 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Public Storage Correlation With Market

Poor diversification

The correlation between Public Storage and DJI is 0.69 (i.e., Poor 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

  0.83PSA-PH Public StoragePairCorr
  0.86PSA-PS Public StoragePairCorr
  0.9PSA-PK Public StoragePairCorr
  0.74GRP-UN Granite Real EstatePairCorr
  0.76RPTX Repare Therapeutics Earnings Call This WeekPairCorr
  0.65BATL Battalion Oil CorpPairCorr
  0.76VXRT Vaxart IncPairCorr
  0.74NTCPF NorthIsle CopperPairCorr
  0.77KYCCF KeyencePairCorr
  0.8NLY Annaly Capital ManagementPairCorr
  0.68PGZ Principal Real EstatePairCorr
  0.78MAIA MAIA BiotechnologyPairCorr
  0.81SVM Silvercorp MetalsPairCorr
  0.65BORR Borr Drilling Earnings Call TodayPairCorr
  0.75CWQXY Castellum AB ADRPairCorr
  0.75PMBY Postd Merchant BanquePairCorr
  0.67QNCCF Quantum eMotionPairCorr
  0.77LUNR Intuitive Machines Buyout TrendPairCorr
  0.61CARR Carrier Global CorpPairCorr

Moving against Public Preferred Stock

  0.42EPGG Empire Global GamingPairCorr
  0.37GBHPF Global Hemp GroupPairCorr
  0.67NIXXW Nixxy IncPairCorr
  0.66AGRI AgriFORCE Growing Systems Symbol ChangePairCorr
  0.6MHUA Meihua InternationalPairCorr
  0.3500206RGN6 00206RGN6PairCorr

Related Correlations Analysis


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

CDP
+ 0.84
NSA
OUT
+ 0.79
GRP-UN
OUT
+ 0.77
NSA
GRP-UN
+ 0.75
NSA
APLE
+ 0.69
OUT
OUT
+ 0.67
LXP
  

High negative correlations

VNO
- 0.8
GRP-UN
VNO
- 0.77
OUT
VNO
- 0.75
NSA
CDP
- 0.7
VNO
APLE
- 0.4
VNO
VNO
- 0.33
LXP

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.

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 LentinEx OperationsProfile
Michael BraineChief OfficerProfile
John SambucoPres ManagementProfile
David CFEChief OfficerProfile
Natalia JohnsonSr OfficerProfile
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