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 TrendCheck current 30 days National Storage correlation with market (DOW)|
β = 0.2888
Projected Return Density Against MarketConsidering 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).
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