Extra Space Storage Stock Price Prediction
| EXR Stock | USD 134.64 1.36 1.02% |
Oversold Vs Overbought
46
Oversold | Overbought |
Extra Space Storage stock price prediction is an act of determining the future value of Extra Space shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Extra Space's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Extra Space and does not consider all of the tangible or intangible factors available from Extra Space's fundamental data. We analyze noise-free headlines and recent hype associated with Extra Space Storage, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Extra Space's stock price prediction:Quarterly Earnings Growth (0.35) | EPS Estimate Next Quarter 1.18 | EPS Estimate Current Year 4.37 | EPS Estimate Next Year 4.84 | Wall Street Target Price 155.87 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Extra Space based on different types of headlines from major news networks to social media. The Extra stock price prediction module provides an analysis of price elasticity to changes in media outlook on Extra Space over a specific investment horizon. Using Extra Space hype-based prediction, you can estimate the value of Extra Space Storage from the perspective of Extra Space response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Extra Space using Extra Space's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Extra using crowd psychology based on the activity and movement of Extra Space's stock price.
Extra Space Short Interest
A significant increase or decrease in Extra Space's short interest from the previous month could be a good indicator of investor sentiment towards Extra. Short interest can provide insight into the potential direction of Extra Space stock and how bullish or bearish investors feel about the market overall. An investor who is long Extra Space may also wish to track short interest. As short interest increases, investors should be becoming more worried about Extra Space and may potentially protect profits, hedge Extra Space with its derivative instruments, or be ready for some potential downside.
200 Day MA 135.8173 | Short Percent 0.0185 | Short Ratio 3.01 | Shares Short Prior Month 4.3 M | 50 Day MA 142.1172 |
Extra Space Storage Hype to Price Pattern
Investor biases related to Extra Space's public news can be used to forecast risks associated with an investment in Extra. The trend in average sentiment can be used to explain how an investor holding Extra can time the market purely based on public headlines and social activities around Extra Space Storage. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Extra Space's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Extra Space.
Extra Space Implied Volatility | 39.42 |
Extra Space's implied volatility exposes the market's sentiment of Extra Space Storage stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Extra Space's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Extra Space stock will not fluctuate a lot when Extra Space's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Extra Space. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Extra Space to buy its stock at a price that has no basis in reality. In that case, they are not buying Extra because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Extra Space after-hype prediction price | USD 134.62 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Extra contract
Based on the Rule 16, the options market is currently suggesting that Extra Space Storage will have an average daily up or down price movement of about 2.46% per day over the life of the 2024-05-17 option contract. With Extra Space trading at USD 134.64, that is roughly USD 3.32 . If you think that the market is fully incorporating Extra Space's daily price movement you should consider acquiring Extra Space Storage options at the current volatility level of 39.42%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Extra |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Extra Space's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Extra Space After-Hype Price Prediction Density Analysis
As far as predicting the price of Extra Space at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Extra Space or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Extra Space, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Extra Space Estimiated After-Hype Price Volatility
In the context of predicting Extra Space's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Extra Space's historical news coverage. Extra Space's after-hype downside and upside margins for the prediction period are 132.88 and 136.36, respectively. We have considered Extra Space's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Extra Space is very steady at this time. Analysis and calculation of next after-hype price of Extra Space Storage is based on 3 months time horizon.
Extra Space Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Extra Space is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Extra Space backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Extra Space, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.11 | 1.74 | 0.02 | 0.03 | 12 Events / Month | 10 Events / Month | In about 12 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
134.64 | 134.62 | 0.01 |
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Extra Space Hype Timeline
On the 25th of April Extra Space Storage is traded for 134.64. The entity has historical hype elasticity of -0.02, and average elasticity to hype of competition of 0.03. Extra is anticipated to decline in value after the next headline, with the price expected to drop to 134.62. The average volatility of media hype impact on the company price is over 100%. The price depreciation on the next news is expected to be -0.01%, whereas the daily expected return is currently at -0.11%. The volatility of related hype on Extra Space is about 706.88%, with the expected price after the next announcement by competition of 134.67. About 99.0% of the company shares are held by institutions such as insurance companies. The book value of Extra Space was currently reported as 68.11. The company last dividend was issued on the 14th of March 2024. Considering the 90-day investment horizon the next anticipated press release will be in about 12 days. Check out Extra Space Basic Forecasting Models to cross-verify your projections.Extra Space Related Hype Analysis
Having access to credible news sources related to Extra Space's direct competition is more important than ever and may enhance your ability to predict Extra Space's future price movements. Getting to know how Extra Space's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Extra Space may potentially react to the hype associated with one of its peers.
Extra Space Additional Predictive Modules
Most predictive techniques to examine Extra price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Extra using various technical indicators. When you analyze Extra charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Extra Space Predictive Indicators
The successful prediction of Extra Space stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Extra Space Storage, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Extra Space based on analysis of Extra Space hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Extra Space's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Extra Space's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0199 | 0.0408 | 0.0386 | 0.0442 | Price To Sales Ratio | 19.17 | 10.25 | 10.6 | 6.04 |
Story Coverage note for Extra Space
The number of cover stories for Extra Space depends on current market conditions and Extra Space's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Extra Space is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Extra Space's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Extra Space Short Properties
Extra Space's future price predictability will typically decrease when Extra Space's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Extra Space Storage often depends not only on the future outlook of the potential Extra Space's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Extra Space's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 169.2 M | |
| Cash And Short Term Investments | 99.1 M |
Check out Extra Space Basic Forecasting Models to cross-verify your projections. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Extra Stock analysis
When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.
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Is Extra Space's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Extra Space. If investors know Extra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Extra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.35) | Dividend Share 6.48 | Earnings Share 4.74 | Revenue Per Share 15.454 | Quarterly Revenue Growth 0.572 |
The market value of Extra Space Storage is measured differently than its book value, which is the value of Extra that is recorded on the company's balance sheet. Investors also form their own opinion of Extra Space's value that differs from its market value or its book value, called intrinsic value, which is Extra Space's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Extra Space's market value can be influenced by many factors that don't directly affect Extra Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Extra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Extra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extra Space's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.