Life Storage Correlations

LSI
 Stock
  

USD 115.54  3.88  3.47%   

The correlation of Life Storage is a statistical measure of how it moves in relation to other equities. 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 Life Storage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Life 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.
Additionally, see Stocks Correlation.
  
Refresh
The ability to find closely correlated positions to Life 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 Life 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 Life 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 Life Storage to buy it.

Moving together with Life Storage

0.99CUBECubesmartPairCorr
0.84DREDuke Realty CorpPairCorr
0.98EGPEastgroup PropertiesPairCorr
0.99EXRExtra Space Storage Earnings Call  TodayPairCorr
0.97FRFirst Industrial RealtyPairCorr
0.87IIPRInnovative IndustrialPairCorr
0.93ILPTIndustrial LogisticsPairCorr
0.96LANDGladstone Land CorpPairCorr
0.91AATAmerican Assets TrustPairCorr
0.66ABRArbor Realty TrustPairCorr
0.89ACRAcres Commercial RealtyPairCorr
0.79ACREAres Commercial RealPairCorr
0.85AEIAlset Ehome IntlPairCorr

Moving against Life Storage

0.63ACCAmerican Campus CommPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
DISAA
AXPBXP
DISAXP
DISBXP
AXPAA
AABXP
  
High negative correlations   
XOMWMT
DISMRK
MRKAXP
MRKAA
MRKWMT
MRKBXP

Life Storage Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Life Storage stock performing well and Life Storage company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Life Storage's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
BXP 1.59 (0.33)  0.00 (0.50)  0.00 (0.17)  0.00  2.12 (4.34)  9.43 
AA 3.25 (0.61)  0.00 (0.51)  0.00 (0.18)  0.00  5.10 (6.70)  21.93 
WMT 1.36 (0.15)  0.00 (0.47)  0.00 (0.0313)  0.00  2.43 (2.47)  13.98 
AXP 1.90 (0.17)  0.00 (0.32)  0.00 (0.10)  0.00  3.46 (3.99)  9.74 
MRK 1.08  0.30  0.34  0.40  0.99  0.28 (1.26)  2.16 (1.65)  7.61 
KO 1.05  0.21  0.14  0.09  1.75  0.17 (1.01)  2.14 (2.01)  10.05 
VZ 1.07  0.13  0.13  0.06  1.67  0.15 (1.08)  2.30 (2.42)  7.94 
DIS 1.70 (0.36)  0.00 (0.51)  0.00 (0.18)  0.00  3.29 (3.78)  8.79 
XOM 1.96  0.31  0.10  0.14  2.96  0.13 (1.71)  3.03 (3.96)  11.86 

Similar Equity Warning - LSI

Life Storage was forked

The entity Life Storage with a symbol LSI was recently forked. You can potentially use LSI CORP with a symbol LSI1 from now on.

Life Storage Corporate Directors

Life Storage corporate directors refer to members of a Life Storage board of directors. The board of directors generally takes responsibility for the Life Storage's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Life Storage's board members must vote for the resolution. The Life Storage board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Edward Pettinella - Independent DirectorProfile
Maurice Kagan - Independent DirectorProfile
Arthur Havener - Independent DirectorProfile
Joseph MacLean - Independent DirectorProfile

Investing Life Storage

You need to understand the risk of investing before taking a position in Life Storage. The danger of trading Life 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 Life 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 Life Storage. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Life 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.
Additionally, see Stocks Correlation. Note that the Life Storage information on this page should be used as a complementary analysis to other Life 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Life Storage Stock analysis

When running Life Storage price analysis, check to measure Life 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 Life Storage is operating at the current time. Most of Life Storage's value examination focuses on studying past and present price action to predict the probability of Life Storage's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Life Storage's price. Additionally, you may evaluate how the addition of Life Storage to your portfolios can decrease your overall portfolio volatility.
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Is Life Storage's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Life Storage. If investors know Life Storage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Life Storage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.4
Market Capitalization
9.9 B
Quarterly Revenue Growth YOY
0.36
Return On Assets
0.0398
Return On Equity
0.0892
The market value of Life Storage is measured differently than its book value, which is the value of Life Storage that is recorded on the company's balance sheet. Investors also form their own opinion of Life Storage's value that differs from its market value or its book value, called intrinsic value, which is Life Storage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Life Storage's market value can be influenced by many factors that don't directly affect Life Storage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Life Storage's value and its price as these two are different measures arrived at by different means. Investors typically determine Life Storage value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Life Storage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.