National Storage (Australia) Market Value
| NSR Stock | 2.50 0.03 1.19% |
| Symbol | National |
National Storage '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 National Storage'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 National Storage.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in National Storage on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding National Storage REIT or generate 0.0% return on investment in National Storage over 30 days. National Storage is related to or competes with Scentre, Charter Hall, IShares Global, Ridley, Adriatic Metals, and Australian Agricultural. National Storage is entity of Australia. It is traded as Stock on AU exchange. More
National Storage 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 National Storage'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 National Storage REIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.85 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.61 |
National Storage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Storage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Storage's standard deviation. In reality, there are many statistical measures that can use National Storage historical prices to predict the future National Storage's volatility.| Risk Adjusted Performance | 0.0791 | |||
| Jensen Alpha | 0.0587 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3528 |
National Storage REIT Backtested Returns
Currently, National Storage REIT is somewhat reliable. National Storage REIT has Sharpe Ratio of 0.0432, which conveys that the firm had a 0.0432% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for National Storage, which you can use to evaluate the volatility of the firm. Please verify National Storage's Mean Deviation of 0.7439, risk adjusted performance of 0.0791, and Downside Deviation of 1.14 to check out if the risk estimate we provide is consistent with the expected return of 0.0421%. National Storage has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, National Storage's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Storage is expected to be smaller as well. National Storage REIT right now secures a risk of 0.97%. Please verify National Storage REIT maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if National Storage REIT will be following its current price movements.
Auto-correlation | -0.33 |
Poor reverse predictability
National Storage REIT has poor reverse predictability. Overlapping area represents the amount of predictability between National Storage time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 National Storage REIT price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current National Storage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
National Storage REIT lagged returns against current returns
Autocorrelation, which is National Storage 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 National Storage's stock expected returns. We can calculate the autocorrelation of National Storage returns to help us make a trade decision. For example, suppose you find that National Storage 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 |
National Storage 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 National Storage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Storage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Storage stock over time.
Current vs Lagged Prices |
| Timeline |
National Storage Lagged Returns
When evaluating National Storage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Storage stock have on its future price. National Storage 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, National Storage autocorrelation shows the relationship between National Storage stock current value and its past values and can show if there is a momentum factor associated with investing in National Storage REIT.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for National Stock Analysis
When running National Storage's price analysis, check to measure National Storage'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 National Storage is operating at the current time. Most of National Storage's value examination focuses on studying past and present price action to predict the probability of National Storage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Storage's price. Additionally, you may evaluate how the addition of National Storage to your portfolios can decrease your overall portfolio volatility.