National Storage Correlations
| NTSGF Stock | 1.45 0.01 0.68% |
The current 90-days correlation between National Storage REIT and Legacy Education is -0.24 (i.e., Very good diversification). 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
Good diversification
The correlation between National Storage REIT and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Storage REIT and DJI in the same portfolio, assuming nothing else is changed.
National |
The ability to find closely correlated positions to National Storage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Storage when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back National Storage - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling National Storage REIT to buy it.
Moving against National Pink Sheet
| 0.6 | TSLA | Tesla Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.58 | LGCY | Legacy Education | PairCorr |
| 0.57 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.56 | PAM | Pampa Energia SA | PairCorr |
| 0.56 | FNMA | Federal National Mortgage Trending | PairCorr |
| 0.54 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.54 | GOOGL | Alphabet Class A Aggressive Push | PairCorr |
| 0.53 | UPST | Upstart Holdings | PairCorr |
| 0.52 | AI | C3 Ai Inc | PairCorr |
| 0.51 | REFI | Chicago Atlantic Real | PairCorr |
| 0.49 | AAPL | Apple Inc | PairCorr |
| 0.49 | AMZN | Amazon Inc | PairCorr |
| 0.44 | EHGO | Eshallgo Class A | PairCorr |
| 0.44 | EQIX | Equinix | PairCorr |
| 0.39 | AKBTY | Akbank Turk Anonim | PairCorr |
| 0.37 | CADE | Cadence Bancorp | PairCorr |
| 0.34 | FSLY | Fastly Inc | PairCorr |
| 0.59 | BKSY | Blacksky Technology | PairCorr |
| 0.55 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.49 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.48 | MCK | McKesson | PairCorr |
| 0.47 | MC | Moelis | PairCorr |
| 0.46 | DIS | Walt Disney | PairCorr |
| 0.46 | SHOP | Shopify | PairCorr |
| 0.43 | PSTG | Pure Storage | PairCorr |
| 0.42 | TDUP | ThredUp | PairCorr |
| 0.41 | VRSN | VeriSign | PairCorr |
| 0.41 | FROG | Jfrog | PairCorr |
| 0.41 | DSGN | Design Therapeutics | PairCorr |
| 0.37 | OSOL | Osprey Solana Trust Downward Rally | PairCorr |
| 0.32 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between National Pink Sheet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LGCY | 3.35 | 0.99 | 0.24 | 0.58 | 3.19 | 10.85 | 23.25 | |||
| AAPL | 0.85 | 0.11 | 0.08 | 1.17 | 1.05 | 1.67 | 4.76 | |||
| NVDA | 1.91 | 0.36 | 0.15 | 0.66 | 2.01 | 4.07 | 9.07 | |||
| MSFT | 0.87 | 0.04 | 0.01 | (0.29) | 1.59 | 1.78 | 8.14 | |||
| AMZN | 1.41 | 0.33 | 0.16 | (2.70) | 1.59 | 2.94 | 10.78 | |||
| GOOG | 1.35 | 0.27 | 0.14 | (0.91) | 1.44 | 3.54 | 8.99 | |||
| BMYMP | 1.41 | 0.38 | 0.06 | 3.51 | 1.59 | 3.82 | 22.13 | |||
| META | 1.33 | 0.15 | 0.08 | 0.68 | 1.43 | 3.22 | 7.43 |
National Storage Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with National Storage pink sheet to make a market-neutral strategy. Peer analysis of National Storage could also be used in its relative valuation, which is a method of valuing National Storage by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |