National Storage Affiliates Preferred Stock Market Value
| NSA-PA Preferred Stock | USD 23.75 0.80 3.49% |
| Symbol | National |
National 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 National 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 National Storage.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in National Storage on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding National Storage Affiliates or generate 0.0% return on investment in National Storage over 30 days. National Storage is related to or competes with Rexford Industrial, Kimco Realty, Kimco Realty, and EPR Properties. National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acq... More
National 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 National 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 National Storage Affiliates upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.26 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.26 |
National Storage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Storage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Storage's standard deviation. In reality, there are many statistical measures that can use National Storage historical prices to predict the future National Storage's volatility.| Risk Adjusted Performance | 0.0659 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.3524 |
National Storage Aff Backtested Returns
At this point, National Storage is very steady. National Storage Aff has Sharpe Ratio of 0.0812, which conveys that the firm had a 0.0812% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for National Storage, which you can use to evaluate the volatility of the firm. Please verify National Storage's Downside Deviation of 1.12, mean deviation of 0.6754, and Risk Adjusted Performance of 0.0659 to check out if the risk estimate we provide is consistent with the expected return of 0.0883%. National Storage has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, National Storage's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Storage is expected to be smaller as well. National Storage Aff right now secures a risk of 1.09%. Please verify National Storage Affiliates skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if National Storage Affiliates will be following its current price movements.
Auto-correlation | -0.02 |
Very weak reverse predictability
National Storage Affiliates has very weak reverse predictability. Overlapping area represents the amount of predictability between National Storage time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 National Storage Aff price movement. The serial correlation of -0.02 indicates that only 2.0% of current National Storage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
National Storage Aff lagged returns against current returns
Autocorrelation, which is National 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 National Storage's preferred stock expected returns. We can calculate the autocorrelation of National Storage returns to help us make a trade decision. For example, suppose you find that National 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 |
National 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 National Storage preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National 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 National Storage preferred stock over time.
Current vs Lagged Prices |
| Timeline |
National Storage Lagged Returns
When evaluating National Storage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Storage preferred stock have on its future price. National 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, National Storage autocorrelation shows the relationship between National Storage preferred stock current value and its past values and can show if there is a momentum factor associated with investing in National Storage Affiliates.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in National Preferred Stock
National Storage financial ratios help investors to determine whether National Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in National with respect to the benefits of owning National Storage security.