Macroaxis considers National Storage not too volatile given 1 month investment horizon. National Storage Aff has Sharpe Ratio of 0.3077 which conveys that National Storage Aff had 0.3077% of return per unit of risk over the last 1 month. Our philosophy towards estimating 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 National Storage which you can use to evaluate future volatility of the firm. Please exercise National Storage Affiliates Trust Downside Deviation of 1.77, Mean Deviation of 1.04 and Risk Adjusted Performance of 0.2077 to check out if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
National Storage Market Sensitivity
|As returns on market increase, returns on owning National Storage are expected to decrease at a much smaller rate. During bear market, National Storage is likely to outperform the market.One Month Beta |Analyze National Storage Aff Demand TrendCheck current 30 days National Storage correlation with market (DOW)|
β = -0.3017
National Storage Aff Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, National Storage Affiliates Trust has beta of -0.3017 indicating as returns on benchmark increase, returns on holding National Storage are expected to decrease at a much smaller rate. During bear market, however, National Storage Affiliates Trust is likely to outperform the market. Moreover, National Storage Affiliates Trust has an alpha of 0.2305 implying that it can potentially generate 0.2305% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of National Storage is 324.95. The daily returns are destributed with a variance of 1.34 and standard deviation of 1.16. The mean deviation of National Storage Affiliates Trust is currently at 0.91. For similar time horizon, the selected benchmark (DOW) has volatility of 1.08