Public Storage Correlations
| PSA-PS Preferred Stock | 17.95 0.15 0.83% |
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.
Very weak diversification
The correlation between Public Storage and NYA is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Public Storage and NYA in the same portfolio, assuming nothing else is changed.
Public |
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.
Moving together with Public Preferred Stock
| 0.78 | NSA-PA | National Storage Aff | PairCorr |
| 0.99 | PSA-PR | Public Storage | PairCorr |
| 0.98 | PSA-PQ | Public Storage | PairCorr |
| 0.78 | PSA-PH | Public Storage | PairCorr |
| 0.95 | PSA-PG | Public Storage | PairCorr |
| 0.94 | PSA-PF | Public Storage | PairCorr |
| 0.97 | PSA-PL | Public Storage | PairCorr |
| 0.98 | PSA-PK | Public Storage | PairCorr |
| 0.98 | PSA-PJ | Public Storage | PairCorr |
| 0.98 | PSA-PI | Public Storage | PairCorr |
| 0.98 | PSA-PP | Public Storage | PairCorr |
| 0.99 | PSA-PO | Public Storage | PairCorr |
| 0.92 | PSA-PN | Public Storage | PairCorr |
| 0.95 | PSA-PM | Public Storage | PairCorr |
| 0.72 | REXR-PC | Rexford Industrial Realty | PairCorr |
| 0.9 | REXR-PB | Rexford Industrial Realty | PairCorr |
Related Correlations Analysis
| 0.99 | 0.99 | 0.98 | 0.96 | PSA-PQ | ||
| 0.99 | 0.99 | 0.98 | 0.94 | PSA-PR | ||
| 0.99 | 0.99 | 0.99 | 0.96 | PSA-PP | ||
| 0.98 | 0.98 | 0.99 | 0.95 | PSA-PO | ||
| 0.96 | 0.94 | 0.96 | 0.95 | PSA-PN | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Public Preferred Stock performing well and Public Storage 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 Public Storage'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PSA-PQ | 0.67 | (0.13) | 0.00 | (0.10) | 0.00 | 1.27 | 4.31 | |||
| PSA-PR | 0.80 | (0.15) | 0.00 | (0.13) | 0.00 | 1.65 | 4.65 | |||
| PSA-PP | 0.77 | (0.13) | 0.00 | (0.13) | 0.00 | 1.10 | 5.65 | |||
| PSA-PO | 0.67 | (0.13) | 0.00 | (0.14) | 0.00 | 1.38 | 4.23 | |||
| PSA-PN | 0.71 | (0.10) | 0.00 | (0.09) | 0.00 | 1.37 | 4.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Public Storage without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Public Storage Corporate Management
Elected by the shareholders, the Public Storage's board of directors comprises two types of representatives: Public Storage inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Public. The board's role is to monitor Public Storage's management team and ensure that shareholders' interests are well served. Public Storage's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Public Storage's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Steven Lentin | Ex Operations | Profile | |
| Michael Braine | Chief Officer | Profile | |
| John Sambuco | Pres Management | Profile | |
| David CFE | Chief Officer | Profile | |
| Natalia Johnson | Sr Officer | Profile |
Already Invested in Public Storage?
The danger of trading Public Storage is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Public Storage is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Public Storage. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Public Storage is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Public Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Public Preferred Stock please use our How to Invest in Public Storage guide.Note that the Public Storage information on this page should be used as a complementary analysis to other Public Storage's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary 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.
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