Extra Space (UK) Market Value
| 0IJV Stock | 172.25 1.40 0.81% |
| Symbol | Extra |
Extra Space 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Extra Space's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Extra Space.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Extra Space on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Extra Space Storage or generate 0.0% return on investment in Extra Space over 540 days. Extra Space is related to or competes with Neometals, Coor Service, Aeorema Communications, JLEN Environmental, Power Metal, GoldMining, and Eastinco Mining. Extra Space is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Extra Space Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Extra Space's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Extra Space Storage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.26 |
Extra Space Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Extra Space's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Extra Space's standard deviation. In reality, there are many statistical measures that can use Extra Space historical prices to predict the future Extra Space's volatility.| Risk Adjusted Performance | 0.0166 | |||
| Jensen Alpha | 0.0439 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.04) |
Extra Space Storage Backtested Returns
Extra Space Storage secures Sharpe Ratio (or Efficiency) of -0.012, which denotes the company had a -0.012% return per unit of risk over the last 3 months. Extra Space Storage exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Extra Space's Mean Deviation of 1.06, coefficient of variation of 6394.05, and Downside Deviation of 1.39 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Extra Space are expected to decrease at a much lower rate. During the bear market, Extra Space is likely to outperform the market. At this point, Extra Space Storage has a negative expected return of -0.017%. Please make sure to confirm Extra Space's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Extra Space Storage performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Extra Space Storage has very weak predictability. Overlapping area represents the amount of predictability between Extra Space time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Extra Space Storage price movement. The serial correlation of 0.18 indicates that over 18.0% of current Extra Space price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 206.75 |
Extra Space Storage lagged returns against current returns
Autocorrelation, which is Extra Space stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Extra Space's stock expected returns. We can calculate the autocorrelation of Extra Space returns to help us make a trade decision. For example, suppose you find that Extra Space has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Extra Space regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Extra Space stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Extra Space stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Extra Space stock over time.
Current vs Lagged Prices |
| Timeline |
Extra Space Lagged Returns
When evaluating Extra Space's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Extra Space stock have on its future price. Extra Space autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Extra Space autocorrelation shows the relationship between Extra Space stock current value and its past values and can show if there is a momentum factor associated with investing in Extra Space Storage.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional 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.