Public Storage Correlations

Stocks . USA . 
Stock . Public Storage
PSA Stock  USD 306.40  1.14  0.37%   
The current 90-days correlation between Public Storage and Realty Income is 0.52 (i.e., Very weak 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.

Public Storage Correlation With Market

Poor diversification

The correlation between Public Storage and DJI is 0.62 (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.
  
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Moving together with Public Stock

  0.93EXR Extra Space StoragePairCorr
  0.96NSA National Storage Aff Earnings Call TomorrowPairCorr
  0.78SMA SmartStop Self Storage Earnings Call TomorrowPairCorr
  0.95CUBE CubeSmartPairCorr
  0.77NEWTH NewtekOne 8625 percentPairCorr
  0.81IPAR Inter Parfums Earnings Call This WeekPairCorr
  0.83TSM Taiwan SemiconductorPairCorr
  0.65PSA-PS Public StoragePairCorr
  0.61MGLUY Magazine Luiza SAPairCorr
  0.72JDWPY J D WetherspoonPairCorr
  0.69CP Canadian Pacific RailwayPairCorr
  0.87GEL Genesis Energy LPPairCorr
  0.82DOV DoverPairCorr
  0.8SUBCY Subsea 7 SA Earnings Call This WeekPairCorr
  0.78GAM General American InvPairCorr
  0.92SMECF SMC CorpPairCorr
  0.9CASY Caseys General StoresPairCorr
  0.82FLR FluorPairCorr
  0.84DTE DTE EnergyPairCorr

Moving against Public Stock

  0.71PBCRY Bank Central AsiaPairCorr
  0.44OPINL Office Properties IncomePairCorr
  0.35PTAIF PT Astra InternationalPairCorr
  0.64VRSRF Versarien plcPairCorr

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

DLR
+ 0.9
O
SPG
+ 0.85
O
DLR
+ 0.77
SPG
REXR
+ 0.47
CBRE
REXR
+ 0.13
CCI
  

High negative correlations

REXR
- 0.68
DLR
REXR
- 0.66
SPG
REXR
- 0.62
O
CCI
- 0.43
CBRE
DLR
- 0.4
CBRE
CCI
- 0.38
SPG

Risk-Adjusted Indicators

There is a big difference between Public 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.

Public Storage Corporate Management

Gary PruittLead Independent TrusteeProfile
Michelle MillstoneShroffIndependent TrusteeProfile
Avedick PoladianIndependent TrusteeProfile
Leslie HeiszIndependent TrusteeProfile
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