Public Storage Preferred Stock Market Value
| PSA-PP Preferred Stock | 17.96 0.03 0.17% |
| Symbol | Public |
Public Storage 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Public Storage's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Public Storage.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Public Storage on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Public Storage or generate 0.0% return on investment in Public Storage over 180 days. Public Storage is related to or competes with Public Storage, Public Storage, and Public Storage. More
Public Storage Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Public Storage's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Public Storage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.34 |
Public Storage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Public Storage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Public Storage's standard deviation. In reality, there are many statistical measures that can use Public Storage historical prices to predict the future Public Storage's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.29) |
Public Storage Backtested Returns
Public Storage maintains Sharpe Ratio (i.e., Efficiency) of -0.0344, which implies the firm had a -0.0344% return per unit of risk over the last 3 months. Public Storage exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Public Storage's Risk Adjusted Performance of (0.02), variance of 0.7988, and Coefficient Of Variation of (3,032) to confirm the risk estimate we provide. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Public Storage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Public Storage is expected to be smaller as well. At this point, Public Storage has a negative expected return of -0.0312%. Please make sure to check Public Storage's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Public Storage performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Public Storage has very good reverse predictability. Overlapping area represents the amount of predictability between Public Storage time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Public Storage price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Public Storage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Public Storage lagged returns against current returns
Autocorrelation, which is Public Storage preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Public Storage's preferred stock expected returns. We can calculate the autocorrelation of Public Storage returns to help us make a trade decision. For example, suppose you find that Public Storage has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Public Storage regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Public Storage preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Public Storage preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Public Storage preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Public Storage Lagged Returns
When evaluating Public Storage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Public Storage preferred stock have on its future price. Public Storage autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Public Storage autocorrelation shows the relationship between Public Storage preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Public Storage.
Regressed Prices |
| Timeline |
Pair Trading with Public Storage
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Public Storage position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Public Storage will appreciate offsetting losses from the drop in the long position's value.Moving together with Public Preferred Stock
| 0.63 | EXR | Extra Space Storage | PairCorr |
| 0.63 | NSA | National Storage Aff | PairCorr |
| 0.78 | PSA | Public Storage | PairCorr |
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.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Public Storage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Public Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Public Storage can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Public Preferred Stock Analysis
When running Public Storage's price analysis, check to measure Public Storage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Public Storage is operating at the current time. Most of Public Storage's value examination focuses on studying past and present price action to predict the probability of Public Storage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Public Storage's price. Additionally, you may evaluate how the addition of Public Storage to your portfolios can decrease your overall portfolio volatility.