National Storage Risk Analysis And Volatility Evaluation

NSA -- USA Stock  

USD 30.01  0.31  1.04%

We consider National Storage not very risky. National Storage Aff has Sharpe Ratio of 0.0407 which conveys that National Storage Aff had 0.0407% 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-eight technical indicators for National Storage which you can use to evaluate future volatility of the firm. Please verify National Storage Affiliates Trust Mean Deviation of 1.19 and Risk Adjusted Performance of 0.002644 to check out if risk estimate we provide are consistent with the epected return of 0.0684%.
 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 Trend
Check current 30 days National Storage correlation with market (DOW)
β = -0.8127
National Storage Almost negative 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 Affiliates Trust has beta of -0.8127 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 0.0516 implying that it can potentially generate 0.0516% 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 2457.09. The daily returns are destributed with a variance of 2.83 and standard deviation of 1.68. The mean deviation of National Storage Affiliates Trust is currently at 1.18. For similar time horizon, the selected benchmark (DOW) has volatility of 0.62
α
Alpha over DOW
=0.05
β
Beta against DOW=0.81
σ
Overall volatility
=1.68
Ir
Information ratio =0.08

Actual Return Volatility

National Storage Affiliates Trust has volatility of 1.6817% on return distribution over 30 days investment horizon. DOW inherits 0.5886% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

National Storage Volatility Factors

30 Days Market Risk

Not very risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Totally opposite to market

Investment Outlook

National Storage Investment Opportunity
National Storage Affiliates Trust has a volatility of 1.68 and is 2.85 times more volatile than DOW. 15% 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 15 (%) 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 large bullish trend. Check odds of National Storage to be traded at $33.01 in 30 days. 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.

National Storage correlation with market

Very good 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.
Please see also Stocks Correlation. Please also try Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.