National Storage Correlations

NSA Stock

USD 45.38 0.30 0.67%

The current 90-days correlation between National Storage Aff and Life Storage is 0.12 (i.e., Average diversification). The correlation of National 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

National Storage Correlation With Market

Significant diversification

The correlation between National Storage Affiliates and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Storage Affiliates and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Storage Affiliates. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with National Stock

0.79	FR	First Industrial Realty	Pair Corr
0.77	VICI	VICI Properties	Pair Corr
0.64	ELME	Elme Communities	Pair Corr
0.67	FCPT	Four Corners Property	Pair Corr
0.61	AHH	Armada Hflr Pr	Pair Corr
0.85	AIV	Apartment Investment and	Pair Corr
0.8	ALX	Alexanders	Pair Corr
0.78	AMH	American Homes 4	Pair Corr
0.75	AMT	American Tower Corp	Pair Corr
0.66	ARE	Alexandria Real Estate	Pair Corr
0.62	BNL	Broadstone Net Lease	Pair Corr
0.83	CCI	Crown Castle Fiscal Year End 22nd of January 2025	Pair Corr
0.75	CIO	City Office	Pair Corr
0.77	CPT	Camden Property Trust	Pair Corr

Moving against National Stock

0.6	UE	Urban Edge Properties	Pair Corr
0.52	WELL	Welltower	Pair Corr
0.35	EQIX	Equinix	Pair Corr
0.66	AKR	Acadia Realty Trust	Pair Corr
0.36	AAT	American Assets Trust	Pair Corr
0.61	CDP	COPT Defense Properties	Pair Corr
0.61	CUZ	Cousins Properties	Pair Corr
0.56	DLR	Digital Realty Trust	Pair Corr
0.53	DEI	Douglas Emmett	Pair Corr
0.38	CTO	CTO Realty Growth	Pair Corr
0.33	BXP	Boston Properties	Pair Corr

Related Correlations Analysis

	EXR	LSI	COLD	PSA	TRNO	PLYM	EGP	LXP	FR	REXR
EXR		0.35	0.74	0.91	0.84	0.72	0.86	0.78	0.82	0.89	EXR
LSI	0.35		-0.04	0.23	0.22	0.01	0.15	0.21	0.18	0.17	LSI
COLD	0.74	-0.04		0.59	0.87	0.93	0.84	0.84	0.84	0.91	COLD
PSA	0.91	0.23	0.59		0.69	0.52	0.74	0.59	0.66	0.73	PSA
TRNO	0.84	0.22	0.87	0.69		0.91	0.95	0.93	0.93	0.96	TRNO
PLYM	0.72	0.01	0.93	0.52	0.91		0.88	0.94	0.86	0.91	PLYM
EGP	0.86	0.15	0.84	0.74	0.95	0.88		0.93	0.93	0.93	EGP
LXP	0.78	0.21	0.84	0.59	0.93	0.94	0.93		0.91	0.9	LXP
FR	0.82	0.18	0.84	0.66	0.93	0.86	0.93	0.91		0.9	FR
REXR	0.89	0.17	0.91	0.73	0.96	0.91	0.93	0.9	0.9		REXR
	EXR	LSI	COLD	PSA	TRNO	PLYM	EGP	LXP	FR	REXR

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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

REXR	+ 0.96	TRNO
EGP	+ 0.95	TRNO
LXP	+ 0.94	PLYM
PLYM	+ 0.93	COLD
LXP	+ 0.93	TRNO
FR	+ 0.93	TRNO

High negative correlations

COLD

- 0.04

LSI

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National 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 National 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
EXR	1.05	(0.02)	0.00	0.28	0.00	0.00	1.75	(2.61)	7.52
LSI	1.06	(0.05)	0.00	(0.36)	0.00	0.00	2.09	(2.17)	8.35
COLD	1.10	(0.31)	0.00	(3.47)	0.00	0.00	1.65	(2.24)	9.93
PSA	1.07	0.06	(0.04)	(0.51)	1.52	(0.99)	2.40	(2.02)	7.24
TRNO	1.01	(0.24)	0.00	(0.53)	0.00	0.00	1.47	(2.30)	8.19
PLYM	1.12	(0.51)	0.00	(0.32)	0.00	0.00	1.28	(3.15)	10.73
EGP	0.87	(0.17)	0.00	(0.17)	0.00	0.00	1.43	(1.82)	5.66
LXP	0.87	(0.23)	0.00	(0.14)	0.00	0.00	1.50	(2.08)	7.57
FR	0.85	(0.13)	0.00	(0.15)	0.00	0.00	1.48	(1.82)	3.74
REXR	1.30	(0.33)	0.00	(0.90)	0.00	0.00	2.08	(2.76)	12.54

National Storage Corporate Management

Mark Mourick	Independent Trustee	Profile
J Warren	Independent Trustee	Profile
George Chapman	Independent Trustee - Nominee	Profile
Pam Valentine	Senior Operations	Profile

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