SmartStop Self Correlations

SMA Stock

31.52 0.05 0.16%

The current 90-days correlation between SmartStop Self Storage and Diversified Healthcare Trust is 0.11 (i.e., Average diversification). The correlation of SmartStop Self 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.

SmartStop Self Correlation With Market

Weak diversification

The correlation between SmartStop Self Storage and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SmartStop Self Storage and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SmartStop Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SmartStop Self Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with SmartStop Stock

0.84	EXR	Extra Space Storage	Pair Corr
0.8	NSA	National Storage Aff	Pair Corr
0.87	PSA	Public Storage	Pair Corr
0.93	CUBE	CubeSmart	Pair Corr
0.68	OPINL	Office Properties Income	Pair Corr
0.72	GRCMF	Green Shift Commodities	Pair Corr
0.73	VTMLF	Venture Minerals	Pair Corr

Moving against SmartStop Stock

0.83	TUXS	Tuxis	Pair Corr
0.83	CXOXF	Core Lithium	Pair Corr
0.8	FUSB	First Bancshares	Pair Corr
0.78	SDAD	SH Resources Development	Pair Corr
0.77	CBTN	Citizens Bancorp Inv	Pair Corr
0.67	LIFFF	Li FT Power	Pair Corr
0.63	CMA	Comerica Incorporated	Pair Corr
0.62	DLX	Deluxe	Pair Corr
0.56	SELF	Global Self Storage	Pair Corr
0.49	IDEXY	Industria de Diseno	Pair Corr
0.9	CAH	Cardinal Health	Pair Corr
0.83	CSCO	Cisco Systems	Pair Corr
0.78	TEVJF	Teva Pharmaceutical	Pair Corr
0.77	DMAA	Drugs Made In	Pair Corr
0.72	ACRE	Ares Commercial Real	Pair Corr
0.69	ACR-PC	ACRES Commercial Realty	Pair Corr
0.69	VLVCY	Volvo Car AB	Pair Corr
0.67	MS-PQ	Morgan Stanley	Pair Corr
0.64	KODK	Eastman Kodak	Pair Corr
0.63	SPGI	SP Global	Pair Corr
0.57	EOLS	Evolus Inc	Pair Corr

Related Correlations Analysis

	SCCE	DHC	PURZX	TRREX	MGLAX	FARCX	REACX	REAIX	TFSA	TCREX
SCCE		0.77	-0.53	-0.62	-0.66	-0.58	-0.37	-0.36	0.61	-0.55	SCCE
DHC	0.77		-0.37	-0.55	-0.62	-0.41	-0.17	-0.16	0.7	-0.43	DHC
PURZX	-0.53	-0.37		0.82	0.9	0.92	0.93	0.93	-0.35	0.96	PURZX
TRREX	-0.62	-0.55	0.82		0.88	0.94	0.72	0.72	-0.54	0.87	TRREX
MGLAX	-0.66	-0.62	0.9	0.88		0.86	0.77	0.76	-0.54	0.91	MGLAX
FARCX	-0.58	-0.41	0.92	0.94	0.86		0.88	0.88	-0.45	0.95	FARCX
REACX	-0.37	-0.17	0.93	0.72	0.77	0.88		1.0	-0.17	0.93	REACX
REAIX	-0.36	-0.16	0.93	0.72	0.76	0.88	1.0		-0.16	0.93	REAIX
TFSA	0.61	0.7	-0.35	-0.54	-0.54	-0.45	-0.17	-0.16		-0.41	TFSA
TCREX	-0.55	-0.43	0.96	0.87	0.91	0.95	0.93	0.93	-0.41		TCREX
	SCCE	DHC	PURZX	TRREX	MGLAX	FARCX	REACX	REAIX	TFSA	TCREX

Please upgrade your account to get full access to Macroaxis premium features

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

REAIX	+ 1.0	REACX
TCREX	+ 0.96	PURZX
TCREX	+ 0.95	FARCX
FARCX	+ 0.94	TRREX
REACX	+ 0.93	PURZX
REAIX	+ 0.93	PURZX

High negative correlations

MGLAX	- 0.66	SCCE
MGLAX	- 0.62	DHC
TRREX	- 0.62	SCCE
FARCX	- 0.58	SCCE
TRREX	- 0.55	DHC
TCREX	- 0.55	SCCE

Risk-Adjusted Indicators

There is a big difference between SmartStop Stock performing well and SmartStop Self 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 SmartStop Self'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
SCCE	0.40	0.03	(0.06)	0.60	0.57	(0.38)	0.92	(0.96)	3.31
DHC	1.73	0.10	0.02	0.54	2.12	(1.96)	4.02	(3.89)	9.72
PURZX	0.52	(0.07)	0.00	(0.06)	0.00	0.00	1.02	(1.14)	3.07
TRREX	0.64	(0.13)	0.00	(0.22)	0.00	0.00	1.05	(1.56)	5.60
MGLAX	0.52	(0.09)	0.00	(0.14)	0.00	0.00	1.03	(1.28)	3.50
FARCX	0.60	(0.08)	0.00	(0.10)	0.00	0.00	1.08	(1.44)	3.72
REACX	0.57	(0.05)	0.00	(0.04)	0.00	0.00	1.05	(1.21)	3.81
REAIX	0.56	(0.05)	0.00	(0.04)	0.00	0.00	1.05	(1.21)	3.76
TFSA	0.35	0.01	(0.06)	(0.43)	0.51	(0.63)	0.99	(1.15)	3.90
TCREX	0.56	(0.06)	0.00	(0.06)	0.00	0.00	0.96	(1.18)	3.67

SmartStop Self Corporate Management

Michael CPA	Chief Officer	Profile
Nicholas Look	General Officer	Profile
Gerald Valle	Senior Operations	Profile
Joseph Robinson	Chief Officer	Profile
Michael Terjung	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC