Extra Space Backtesting

Extra Space Storage Inc -- USA Stock  

USD 87.6  0.04  0.0457%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Extra Space Storage Inc 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
Investment Horizon     30 Days    Login   to change
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Backtest

Extra Space 'What if' Analysis

November 16, 2017
0.00
No Change 0.00  0.0%
In 31 days
December 16, 2017
0.00
If you would invest  0.00  in Extra Space on November 16, 2017 and sell it all today you would earn a total of 0.00 from holding Extra Space Storage Inc or generate 0.0% return on investment in Extra Space over 30 days. Extra Space is related to or competes with ABM Industries, CBRE, Digital Realty, Jones Lang, and Xinyuan Real. It engages in property management and development activities that include acquiring managing developing and selling as w...

Extra Space Upside/Downside Indicators

  

Extra Space Market Premium Indicators

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 Storage Backtested Returns

We consider Extra Space not too risky. Extra Space Storage secures Sharpe Ratio (or Efficiency) of 0.027 which denotes Extra Space Storage had 0.027% of return per unit of risk over the last 1 month. Our philosophy towards predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Extra Space Storage Inc which you can use to evaluate future volatility of the firm. Please confirm Extra Space Storage Coefficient Of Variation of 886.56, Mean Deviation of 0.6012 and Downside Deviation of 1.0 to check if risk estimate we provide are consistent with the epected return of 0.0231%. Extra Space has performance score of 1 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.1218 which denotes to the fact that as returns on market increase, Extra Space returns are expected to increase less than the market. However during bear market, the loss on holding Extra Space will be expected to be smaller as well.. Although it is extremely important to respect Extra Space Storage historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By reviewing Extra Space Storage technical indicators you can presently evaluate if the expected return of 0.0231% will be sustainable into the future. Extra Space Storage right now shows a risk of 0.8552%. Please confirm Extra Space Storage Variance and Potential Upside to decide if Extra Space Storage will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.7) 

Very good reverse predictability

Extra Space Storage Inc has very good reverse predictability. Overlapping area represents the amount of predictability between Extra Space time series from November 16, 2017 to December 1, 2017 and December 1, 2017 to December 16, 2017. 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 -0.7 indicates that around 70.0% of current Extra Space price fluctuation can be explain by its past prices. Given that Extra Space Storage Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Extra Space for similar time interval.
Correlation Coefficient -0.7
Spearman Rank Test -0.41
Price Variance 1.39
Lagged Price Variance 1.1

Extra Space Lagged Returns

 Regressed Prices 
      Timeline 

Extra Space Performance vs DOW

The median price of Extra Space for the period between Thu, Nov 16, 2017 and Sat, Dec 16, 2017 is 87.2 with a coefficient of variation of 1.31. The daily time series for the period is distributed with a sample standard deviation of 1.13, arithmetic mean of 86.47, and mean deviation of 1.04. The Stock received some media coverage during the period.
December 14, 2017Extra Space Dividend Paid
Price Growth (%)  
      Timeline 
1
Santa Barbara Asset Management LLC Boosts Stake in Extra Spa...12/15/2017