National Storage Risk Analysis

National Storage Affiliates Trust -- USA Stock  

USD 26.27  0.35  1.31%

We consider National Storage not too volatile. National Storage Aff has Sharpe Ratio of 0.0771 which conveys that National Storage Aff had 0.0771% 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 verify National Storage Affiliates Trust Downside Deviation of 2.06, Mean Deviation of 0.8027 and Risk Adjusted Performance of 0.0491 to check out if risk estimate we provide are consistent with the epected return of 0.1025%.
Investment Horizon     30 Days    Login   to change

National Storage Market Sensitivity

As returns on market increase, National Storage returns are expected to increase less than the market. However during bear market, the loss on holding National Storage will be expected to be smaller as well.
One Month Beta |Analyze National Storage Aff Demand Trend
Check current 30 days National Storage correlation with market (DOW)
β = 0.5983
National Storage Small BetaNational Storage Aff Beta Legend

National Storage Aff Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. National Storage Aff Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Considering 30-days investment horizon, National Storage has beta of 0.5983 indicating as returns on market go up, National Storage average returns are expected to increase less than the benchmark. However during bear market, the loss on holding National Storage Affiliates Trust will be expected to be much smaller as well. Additionally, National Storage Affiliates Trust has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of National Storage is 1297.51. The daily returns are destributed with a variance of 1.77 and standard deviation of 1.33. The mean deviation of National Storage Affiliates Trust is currently at 0.83. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47
α
Alpha over DOW
=0.04
βBeta against DOW=0.6
σ
Overall volatility
=1.33
 IrInformation ratio =0.11

Actual Return Volatility

National Storage Affiliates Trust has volatility of 1.3301% on return distribution over 30 days investment horizon. DOW inherits 0.4705% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

National Storage Volatility Factors

30 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Close to average

30 Days Economic Sensitivity

Follows market closely

Total Debt

National Storage Aff Total Debt History

Total Debt

Largest Trends

National Storage Largest Period Trend

Investment Outlook

National Storage Investment Opportunity
National Storage Affiliates Trust has a volatility of 1.33 and is 2.83 times more volatile than DOW. 12% of all equities and portfolios are less risky than National Storage. Compared to the overall equity markets, volatility of historical daily returns of National Storage Affiliates Trust is lower than 12 (%) of all global equities and portfolios over the last 30 days. Use National Storage Affiliates Trust to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of National Storage to be traded at $25.48 in 30 days. As returns on market increase, National Storage returns are expected to increase less than the market. However during bear market, the loss on holding National Storage will be expected to be smaller as well.

National Storage correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding National Storage Affiliates Tr and equity matching DJI index in the same portfolio.