National Storage Risk Analysis

National Storage Affiliates Trust -- USA Stock  

USD 24.84  0.08  0.32%

Macroaxis considers National Storage not too risky given 1 month investment horizon. National Storage Aff has Sharpe Ratio of 0.3315 which conveys that National Storage Aff had 0.3315% 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-seven technical indicators for National Storage which you can use to evaluate future volatility of the firm. Please exercise National Storage Affiliates Trust Coefficient Of Variation of 236.98, Mean Deviation of 0.5137 and Risk Adjusted Performance of 0.1038 to check out if our risk estimates are consistent with your expectations.
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 = 0.2888
National Storage Small BetaNational Storage Aff Beta Legend

Projected Return Density Against Market

Considering 30-days investment horizon, National Storage has beta of 0.2888 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. Moreover, National Storage Affiliates Trust has an alpha of 0.2256 implying that it can potentially generate 0.2256% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of National Storage is 301.68. The daily returns are destributed with a variance of 0.37 and standard deviation of 0.61. The mean deviation of National Storage Affiliates Trust is currently at 0.47. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23
α
Alpha over DOW
= 0.23 
βBeta against DOW= 0.29 
σ
Overall volatility
= 0.61 
 IrInformation ratio = 0.21 

Actual Return Volatility

National Storage Affiliates Trust has volatility of 0.6083% on return distribution over 30 days investment horizon. DOW inherits 0.2291% 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 risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Slowly supersedes market

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 0.61 and is 2.65 times more volatile than DOW. 5% 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 5 (%) of all global equities and portfolios over the last 30 days. Use National Storage Affiliates Trust to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of National Storage to be traded at $26.08 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

Average 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.

Volatility Indicators

National Storage Current Risk Indicators