SmartStop Self Correlations

SMA Stock

32.36 1.28 3.80%

The current 90-days correlation between SmartStop Self Storage and Diversified Healthcare Trust is 0.07 (i.e., Significant 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

Significant diversification

The correlation between SmartStop Self Storage and DJI is 0.03 (i.e., Significant 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 board of governors.

Moving together with SmartStop Stock

0.65	EXR	Extra Space Storage	Pair Corr
0.78	PSA	Public Storage	Pair Corr
0.79	CUBE	CubeSmart	Pair Corr
0.69	AWIN	AERWINS Technologies	Pair Corr

Moving against SmartStop Stock

0.66	TUXS	Tuxis	Pair Corr
0.61	SELF	Global Self Storage	Pair Corr
0.36	EC	Ecopetrol SA ADR	Pair Corr
0.69	SAPIF	Saputo Inc	Pair Corr
0.67	MBGAF	Mercedes Benz Group	Pair Corr
0.6	OOAG	OMDA Oil	Pair Corr
0.55	SAN	Banco Santander SA	Pair Corr
0.47	C	Citigroup	Pair Corr
0.32	ORMP	Oramed Pharmaceuticals	Pair Corr
0.75	ACGL	Arch Capital Group	Pair Corr
0.73	AXGN	Axogen Inc	Pair Corr
0.7	AAFRF	Airtel Africa Plc	Pair Corr
0.59	DUKB	Duke Energy Corp	Pair Corr
0.58	NMIH	NMI Holdings	Pair Corr
0.52	CRVH	Chilco River Holdings	Pair Corr

Related Correlations Analysis

	SCCE	DHC	PURZX	TRREX	MGLAX	FARCX	REACX	REAIX	TFSA	TCREX
SCCE		0.61	0.26	0.67	0.29	0.72	0.02	0.04	0.78	-0.24	SCCE
DHC	0.61		0.06	0.67	0.06	0.45	0.0	0.0	0.52	-0.26	DHC
PURZX	0.26	0.06		0.51	0.96	0.67	0.73	0.73	0.14	0.77	PURZX
TRREX	0.67	0.67	0.51		0.59	0.8	0.26	0.27	0.61	0.19	TRREX
MGLAX	0.29	0.06	0.96	0.59		0.71	0.65	0.66	0.2	0.72	MGLAX
FARCX	0.72	0.45	0.67	0.8	0.71		0.53	0.54	0.68	0.27	FARCX
REACX	0.02	0.0	0.73	0.26	0.65	0.53		1.0	-0.09	0.76	REACX
REAIX	0.04	0.0	0.73	0.27	0.66	0.54	1.0		-0.08	0.76	REAIX
TFSA	0.78	0.52	0.14	0.61	0.2	0.68	-0.09	-0.08		-0.27	TFSA
TCREX	-0.24	-0.26	0.77	0.19	0.72	0.27	0.76	0.76	-0.27		TCREX
	SCCE	DHC	PURZX	TRREX	MGLAX	FARCX	REACX	REAIX	TFSA	TCREX

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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

REAIX	+ 1.0	REACX
MGLAX	+ 0.96	PURZX
FARCX	+ 0.8	TRREX
TFSA	+ 0.78	SCCE
TCREX	+ 0.77	PURZX
TCREX	+ 0.76	REACX

High negative correlations

TCREX	- 0.27	TFSA
TCREX	- 0.26	DHC
TCREX	- 0.24	SCCE
TFSA	- 0.09	REACX
TFSA	- 0.08	REAIX
REAIX	- 0.0	DHC

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	0.32	0.05	(0.03)	1.70	0.34	(0.35)	0.72	(0.82)	2.23
DHC	1.78	0.55	0.22	5.08	1.65	(2.22)	4.38	(3.50)	9.72
PURZX	0.41	0.00	(0.06)	0.07	0.62	(0.40)	0.80	(1.01)	2.54
TRREX	0.66	0.04	0.00	0.17	0.81	(0.76)	1.21	(1.61)	6.36
MGLAX	0.41	(0.02)	(0.08)	0.01	0.64	(0.40)	0.87	(0.93)	2.27
FARCX	0.58	0.04	(0.03)	(0.56)	0.84	(0.58)	1.21	(1.46)	4.31
REACX	0.53	(0.01)	0.00	0.22	0.00	0.00	0.91	(1.21)	2.78
REAIX	0.52	(0.01)	0.00	0.21	0.00	0.00	0.87	(1.21)	2.77
TFSA	0.41	0.05	(0.02)	(0.83)	0.54	(0.58)	1.10	(1.15)	3.90
TCREX	0.51	(0.02)	(0.07)	0.01	0.76	(0.48)	0.80	(1.13)	2.90

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

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