SmartStop Self Correlations
| STSFFDelisted Stock | USD 33.16 0.00 0.00% |
The current 90-days correlation between SmartStop Self Storage and Warehouses De Pauw is -0.18 (i.e., Good 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
Very poor diversification
The correlation between SmartStop Self Storage and DJI is 0.83 (i.e., Very poor 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.
SmartStop |
The ability to find closely correlated positions to SmartStop Self could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SmartStop Self 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 SmartStop Self - 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 SmartStop Self Storage to buy it.
Moving together with SmartStop Pink Sheet
| 0.73 | PLD | Prologis | PairCorr |
| 0.64 | PSA | Public Storage | PairCorr |
| 0.74 | EXR | Extra Space Storage | PairCorr |
| 0.79 | SEGXF | Segro Plc | PairCorr |
| 0.64 | EGP | EastGroup Properties | PairCorr |
| 0.69 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.88 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.76 | DAIUF | Daifuku Co | PairCorr |
| 0.81 | FUWAF | Furukawa Electric | PairCorr |
| 0.81 | PMBY | Postd Merchant Banque | PairCorr |
| 0.74 | SATS | EchoStar | PairCorr |
| 0.86 | GS-PD | Goldman Sachs | PairCorr |
| 0.82 | DSVSF | Discovery Metals Corp | PairCorr |
| 0.82 | TRIN | Trinity Capital | PairCorr |
| 0.79 | ET | Energy Transfer LP | PairCorr |
| 0.93 | RUSMF | Russel Metals | PairCorr |
| 0.67 | ROIV | Roivant Sciences | PairCorr |
| 0.71 | SABK | South Atlantic Bancshares | PairCorr |
| 0.79 | NNBR | NN Inc | PairCorr |
| 0.72 | RA | Brookfield Real Assets | PairCorr |
| 0.76 | MLRT | Metalert | PairCorr |
| 0.66 | GSLO | Go Solar USA | PairCorr |
| 0.84 | FNKO | Funko Inc | PairCorr |
Moving against SmartStop Pink Sheet
| 0.71 | NDEKY | Nitto Denko Corp | PairCorr |
| 0.57 | REXR | Rexford Industrial Realty | PairCorr |
| 0.43 | PLDGP | Prologis | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SmartStop Pink Sheet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FBBPF | 3.03 | 0.38 | 0.09 | 2.07 | 3.32 | 5.69 | 15.93 | |||
| WDPSF | 1.00 | 0.23 | 0.07 | 8.10 | 0.92 | 3.28 | 9.28 | |||
| FNCDY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LDSCY | 1.14 | 0.18 | 0.10 | 0.30 | 1.33 | 2.25 | 6.88 | |||
| MAPGF | 2.09 | (0.05) | (0.01) | 0.00 | 3.37 | 7.00 | 29.75 | |||
| GPTGF | 0.75 | 0.06 | 0.00 | (0.16) | 1.46 | 2.30 | 15.03 | |||
| JREIF | 0.24 | 0.03 | 0.00 | 0.15 | 0.00 | 0.00 | 8.11 | |||
| LNSPF | 1.05 | 0.32 | 0.10 | (0.84) | 0.86 | 3.73 | 12.41 | |||
| LSGOF | 0.92 | 0.18 | 0.00 | (0.27) | 0.00 | 3.33 | 11.99 | |||
| CWQXY | 0.05 | 0.00 | 0.00 | (0.13) | 0.00 | 0.00 | 1.04 |
SmartStop Self Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SmartStop Self pink sheet to make a market-neutral strategy. Peer analysis of SmartStop Self could also be used in its relative valuation, which is a method of valuing SmartStop Self by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SmartStop Self Corporate Management
| Michael Schwartz | Chairman Founder | Profile | |
| Bliss Edwards | Ex Canada | Profile | |
| Kevin Friedman | Director Acquisitions | Profile | |
| Wayne Johnson | Pres Officer | Profile | |
| Nicholas Look | G Sec | Profile | |
| Gerald Valle | VP Operations | Profile | |
| Joseph Robinson | Chief Officer | Profile |
Still Interested in SmartStop Self Storage?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.