SmartStop Self Correlations

SMA Stock

34.16 0.28 0.81%

The current 90-days correlation between SmartStop Self Storage and Diversified Healthcare Trust is 0.36 (i.e., Weak 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

Modest diversification

The correlation between SmartStop Self Storage and DJI is 0.25 (i.e., Modest 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

0.66	EXR	Extra Space Storage	Pair Corr
0.72	CUBE	CubeSmart	Pair Corr
0.65	CTBB	Qwest Corp NT	Pair Corr
0.68	BLCO	Bausch Lomb Corp	Pair Corr

Moving against SmartStop Stock

0.5	BKRKF	PT Bank Rakyat	Pair Corr
0.32	GDYN	Grid Dynamics Holdings Tech Boost	Pair Corr

Related Correlations Analysis

	SCCE	DHC	PURZX	TRREX	MGLAX	FARCX	REACX	REAIX	TFSA	TCREX
SCCE		0.83	0.73	0.6	0.67	0.69	0.56	0.56	0.37	0.7	SCCE
DHC	0.83		0.8	0.61	0.66	0.69	0.61	0.61	0.59	0.69	DHC
PURZX	0.73	0.8		0.92	0.84	0.89	0.93	0.93	0.43	0.88	PURZX
TRREX	0.6	0.61	0.92		0.75	0.78	0.98	0.98	0.34	0.78	TRREX
MGLAX	0.67	0.66	0.84	0.75		0.9	0.75	0.75	0.39	0.9	MGLAX
FARCX	0.69	0.69	0.89	0.78	0.9		0.82	0.82	0.44	0.99	FARCX
REACX	0.56	0.61	0.93	0.98	0.75	0.82		1.0	0.36	0.81	REACX
REAIX	0.56	0.61	0.93	0.98	0.75	0.82	1.0		0.36	0.81	REAIX
TFSA	0.37	0.59	0.43	0.34	0.39	0.44	0.36	0.36		0.45	TFSA
TCREX	0.7	0.69	0.88	0.78	0.9	0.99	0.81	0.81	0.45		TCREX
	SCCE	DHC	PURZX	TRREX	MGLAX	FARCX	REACX	REAIX	TFSA	TCREX

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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	0.63	0.18	0.17	0.79	0.25	(0.72)	1.93	(1.01)	6.03
DHC	1.82	0.19	0.11	0.20	1.90	(2.17)	4.14	(3.86)	12.44
PURZX	0.53	(0.01)	(0.06)	0.07	0.67	(0.53)	1.08	(1.12)	3.55
TRREX	0.65	(0.04)	(0.09)	0.02	0.80	(0.70)	1.24	(1.08)	4.45
MGLAX	0.54	0.04	(0.08)	(0.23)	0.69	(0.58)	1.27	(1.28)	3.74
FARCX	0.65	0.06	(0.04)	(0.92)	0.76	(0.71)	1.41	(1.15)	4.12
REACX	0.61	(0.04)	(0.09)	0.02	0.76	(0.68)	1.45	(1.39)	3.91
REAIX	0.62	(0.04)	(0.09)	0.03	0.76	(0.68)	1.48	(1.38)	3.93
TFSA	0.31	0.01	(0.08)	0.04	0.52	(0.73)	1.21	(1.08)	3.46
TCREX	0.62	0.05	(0.06)	(0.62)	0.75	(0.63)	1.40	(0.96)	4.13

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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