Extra Space Backtesting

EXR -- USA Stock  

USD 94.39  0.18  0.19%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Extra Space Storage and determine expected loss or profit from investing in Extra Space over given investment horizon. Additionally see Extra Space Hype Analysis, Extra Space Correlation, Extra Space Valuation, Extra Space Volatility as well as analyze Extra Space Alpha and Beta and Extra Space Performance.
 Time Horizon     30 Days    Login   to change
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Backtest

Extra Space 'What if' Analysis

June 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 21, 2018
0.00
If you would invest  0.00  in Extra Space on June 21, 2018 and sell it all today you would earn a total of 0.00 from holding Extra Space Storage or generate 0.0% return on investment in Extra Space over 30 days. Extra Space is related to or competes with EastGroup Properties, Gramercy Property, Life Storage, Monmouth Real, and National Storage. Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a memb...

Extra Space Upside/Downside Indicators

Information Ratio0.31
Maximum Drawdown3.62
Value At Risk1.88
Potential Upside1.4
  

Extra Space Market Premium Indicators

Risk Adjusted Performance0.1
Jensen Alpha0.09
Total Risk Alpha0.38
Treynor Ratio0.241

Extra Space Storage Backtested Returns

Macroaxis considers Extra Space to be not too risky. Extra Space Storage secures Sharpe Ratio (or Efficiency) of -0.2707 which denotes Extra Space Storage had -0.2707% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Extra Space Storage exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Extra Space Storage Coefficient Of Variation of 579.74 and Mean Deviation of 0.7283 to check risk estimate we provide. Macroaxis gives Extra Space performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.7327 which denotes to the fact that as returns on market increase, returns on owning Extra Space are expected to decrease at a much smaller rate. During bear market, Extra Space is likely to outperform the market.. Even though it is essential to pay attention to Extra Space Storage historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Extra Space Storage exposes twenty-one different technical indicators which can help you to evaluate its performance. Extra Space Storage has expected return of -0.2468%. Please be advised to confirm Extra Space Storage Variance and Potential Upside to decide if Extra Space Storage past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

Extra Space Storage has no correlation between past and present. Overlapping area represents the amount of predictability between Extra Space time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Extra Space Storage price movement. The serial correlation of 0.0 indicates that just 0.0% of current Extra Space price fluctuation can be explain by its past prices.
Spearman Rank Test -0.33
Price Variance 4.74
Lagged Price Variance 0.41
Average Price 97.19

Extra Space Storage lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Extra Space regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Extra Space Lagged Returns

 Regressed Prices 
      Timeline 

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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Extra Space and First Industrial Realty. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Additionally see Extra Space Hype Analysis, Extra Space Correlation, Extra Space Valuation, Extra Space Volatility as well as analyze Extra Space Alpha and Beta and Extra Space Performance. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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