Extra Space Backtesting

Extra Space Storage Inc -- USA Stock  

USD 85.19  2.21  2.66%

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
 Time Horizon     30 Days    Login   to change

Extra Space 'What if' Analysis

February 22, 2018
No Change 0.00  0.0%
In 31 days
March 24, 2018
If you would invest  0.00  in Extra Space on February 22, 2018 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. 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


Extra Space Market Premium Indicators

Extra Space Storage lagged returns against current returns

 Current and Lagged Values 

Extra Space regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Extra Space Storage Backtested Returns

Macroaxis considers Extra Space to be not too risky. Extra Space Storage secures Sharpe Ratio (or Efficiency) of -0.0642 which denotes Extra Space Storage had -0.0642% 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 Inc 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 1,558 and Mean Deviation of 0.8508 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 -0.2839 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 Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Extra Space Storage has expected return of -0.0726%. 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(0.35) 

Poor reverse predictability

Extra Space Storage Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Extra Space time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 24, 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 -0.35 indicates that nearly 35.0% 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 -0.35
Spearman Rank Test -0.35
Price Variance 2.23
Lagged Price Variance 0.66

Extra Space Lagged Returns

 Regressed Prices 

Extra Space Performance vs DOW

The median price of Extra Space for the period between Thu, Feb 22, 2018 and Sat, Mar 24, 2018 is 86.16 with a coefficient of variation of 1.44. The daily time series for the period is distributed with a sample standard deviation of 1.23, arithmetic mean of 85.88, and mean deviation of 0.95. The Stock received some media coverage during the period.
March 14, 2018Extra Space Dividend Paid
 Price Growth (%)  
Sale by Kenneth Woolley of 2195 shares of Extra Space03/01/2018
Exercise or conversion by Stubbs P Scott of 1081 shares of E...03/23/2018