National Storage Correlations

NSA Stock

USD 37.64 1.11 2.86%

The correlation of National Storage is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

National Storage Correlation With Market

Weak diversification

The correlation between National Storage Affiliates and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Storage Affiliates and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Storage Affiliates. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with National Stock

0.68	O	Realty Income	Pair Corr
0.68	HR	Healthcare Realty Trust	Pair Corr
0.75	VICI	VICI Properties	Pair Corr
0.71	ELME	Elme Communities	Pair Corr
0.63	WELL	Welltower	Pair Corr
0.72	AMT	American Tower Corp	Pair Corr
0.69	BNL	Broadstone Net Lease	Pair Corr
0.61	CCI	Crown Castle	Pair Corr

Moving against National Stock

0.62	DLR	Digital Realty Trust	Pair Corr
0.61	ESBA	Empire State Realty	Pair Corr
0.53	WHLR	Wheeler Real Estate	Pair Corr
0.51	FISK	Empire State Realty	Pair Corr
0.5	ESRT	Empire State Realty	Pair Corr
0.49	BDN	Brandywine Realty Trust	Pair Corr
0.41	PK	Park Hotels Resorts	Pair Corr
0.36	EQIX	Equinix	Pair Corr
0.33	PW	Power REIT Earnings Call Tomorrow	Pair Corr
0.64	IRM	Iron Mountain	Pair Corr
0.62	CRESY	Cresud SACIF y	Pair Corr
0.56	SITC	Site Centers Corp	Pair Corr
0.55	PDM	Piedmont Office Realty	Pair Corr
0.52	RHP	Ryman Hospitality	Pair Corr
0.4	KRC	Kilroy Realty Corp	Pair Corr
0.37	EQC	Equity Commonwealth	Pair Corr
0.36	INN	Summit Hotel Properties	Pair Corr

Related Correlations Analysis

	EXR	LSI	COLD	PSA	TRNO	PLYM	EGP	LXP	FR	REXR
EXR		0.0	0.56	0.6	0.65	-0.46	0.5	0.16	0.58	0.66	EXR
LSI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LSI
COLD	0.56	0.0		0.61	0.59	0.04	0.55	0.52	0.63	0.7	COLD
PSA	0.6	0.0	0.61		0.63	0.0	0.69	0.62	0.71	0.45	PSA
TRNO	0.65	0.0	0.59	0.63		-0.42	0.92	0.74	0.95	0.85	TRNO
PLYM	-0.46	0.0	0.04	0.0	-0.42		-0.29	0.03	-0.34	-0.21	PLYM
EGP	0.5	0.0	0.55	0.69	0.92	-0.29		0.87	0.98	0.74	EGP
LXP	0.16	0.0	0.52	0.62	0.74	0.03	0.87		0.83	0.57	LXP
FR	0.58	0.0	0.63	0.71	0.95	-0.34	0.98	0.83		0.79	FR
REXR	0.66	0.0	0.7	0.45	0.85	-0.21	0.74	0.57	0.79		REXR
	EXR	LSI	COLD	PSA	TRNO	PLYM	EGP	LXP	FR	REXR

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FR	+ 0.98	EGP
FR	+ 0.95	TRNO
EGP	+ 0.92	TRNO
LXP	+ 0.87	EGP
REXR	+ 0.85	TRNO
FR	+ 0.83	LXP

High negative correlations

PLYM	- 0.46	EXR
PLYM	- 0.42	TRNO
FR	- 0.34	PLYM
EGP	- 0.29	PLYM
REXR	- 0.21	PLYM
PLYM	- 0.0	PSA

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Storage Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze National Storage's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EXR	1.08	(0.03)	0.00	(0.04)	0.00	0.00	1.98	(1.73)	7.18
LSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COLD	1.44	0.04	0.03	0.05	1.53	(1.68)	3.13	(2.47)	9.98
PSA	1.00	(0.04)	0.00	(0.08)	0.00	0.00	1.82	(1.96)	5.00
TRNO	1.04	0.12	0.09	0.14	1.15	(1.18)	2.15	(1.78)	9.03
PLYM	1.22	(0.07)	0.00	(0.10)	0.00	0.00	2.87	(2.67)	6.63
EGP	1.06	0.16	0.13	0.20	1.03	(1.13)	1.88	(1.80)	7.67
LXP	1.16	0.14	0.09	0.15	1.27	(1.51)	2.26	(2.70)	7.76
FR	0.99	0.12	0.10	0.14	1.13	(1.13)	2.38	(1.82)	7.96
REXR	1.34	0.06	0.04	0.05	1.38	(1.63)	2.89	(2.51)	7.35

National Storage Corporate Management

Mark Mourick	Independent Trustee	Profile
J Warren	Independent Trustee	Profile
George Chapman	Independent Trustee - Nominee	Profile
Steven Osgood	Independent Trustee - Nominee	Profile
Will Bohn	VP Acquisitions	Profile

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