Extra Space Storage Stock Alpha and Beta Analysis
| EXR Stock | USD 137.73 2.96 2.10% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Extra Space Storage. It also helps investors analyze the systematic and unsystematic risks associated with investing in Extra Space over a specified time horizon. Remember, high Extra Space's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Extra Space's market risk premium analysis include:
Beta 1.72 | Alpha (0.27) | Risk 1.72 | Sharpe Ratio (0.05) | Expected Return (0.08) |
Extra Space Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Extra Space Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Extra Space market risk premium is the additional return an investor will receive from holding Extra Space long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Extra Space. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Extra Space's performance over market.| α | -0.27 | β | 1.72 |
Extra Space expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Extra Space's Buy-and-hold return. Our buy-and-hold chart shows how Extra Space performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Extra Space Market Price Analysis
Market price analysis indicators help investors to evaluate how Extra Space stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Extra Space shares will generate the highest return on investment. By understating and applying Extra Space stock market price indicators, traders can identify Extra Space position entry and exit signals to maximize returns.
Extra Space Return and Market Media
The median price of Extra Space for the period between Wed, Jan 17, 2024 and Tue, Apr 16, 2024 is 142.5 with a coefficient of variation of 2.8. The daily time series for the period is distributed with a sample standard deviation of 4.01, arithmetic mean of 143.36, and mean deviation of 3.37. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Stay Ahead of the Game With Extra Space Storage Q4 Earnings Wall Streets Insights on Key Metrics | 02/22/2024 |
2 | Extra Space Storage Inc. Reports Decline in Q4 Net Income Amid Life Storage Merger Costs | 02/27/2024 |
3 | Acquisition by Matthew Herrington of 1830 shares of Extra Space at 143.36 subject to Rule 16b-3 | 03/05/2024 |
4 | Disposition of 1350 shares by Gwyn McNeal of Extra Space at 150.0 subject to Rule 16b-3 | 03/08/2024 |
5 | Disposition of 100 shares by Springer William N of Extra Space subject to Rule 16b-3 | 03/14/2024 |
6 | Elixir Energy advances gas projects in Queensland and Mongolia | 03/19/2024 |
7 | Extra Space Storage Inc s Winning Formula Financial Metrics and Competitive Strengths | 03/27/2024 |
8 | Public Storage upgraded, Extra Space Storage downgraded at Raymond James | 03/28/2024 |
9 | Disposition of 157 shares by Matthew Herrington of Extra Space at 146.74 subject to Rule 16b-3 | 04/01/2024 |
10 | Disposition of 136 shares by Grace Kunde of Extra Space at 146.74 subject to Rule 16b-3 | 04/03/2024 |
11 | Extra Space Storage files to sell 189,076 shares for holders | 04/05/2024 |
12 | U.S. stocks lower at close of trade Dow Jones Industrial Average down 1.09 | 04/10/2024 |
13 | Extra Space Storage files for automatic mixed securities shelf | 04/15/2024 |
About Extra Space Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Extra or other stocks. Alpha measures the amount that position in Extra Space Storage has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0199 | 0.0408 | 0.0386 | 0.0442 | Price To Sales Ratio | 19.17 | 10.25 | 10.6 | 6.04 |
Extra Space Upcoming Company Events
As portrayed in its financial statements, the presentation of Extra Space's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Extra Space's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Extra Space's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Extra Space. Please utilize our Beneish M Score to check the likelihood of Extra Space's management manipulating its earnings.
| 28th of February 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 28th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Extra Space
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Extra Space Backtesting, Extra Space Valuation, Extra Space Correlation, Extra Space Hype Analysis, Extra Space Volatility, Extra Space History and analyze Extra Space Performance. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Extra Stock analysis
When running Extra Space's price analysis, check to measure Extra Space'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 Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.
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