National Storage's market value is the price at which a share of National Storage trades on a public exchange. It measures the collective expectations of National Storage REIT investors about its performance. National Storage is trading at 1.44 as of the 22nd of January 2025. This is a 4 percent down since the beginning of the trading day. The stock's lowest day price was 1.44. With this module, you can estimate the performance of a buy and hold strategy of National Storage REIT and determine expected loss or profit from investing in National Storage over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
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 pink sheet 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.
0.00
02/02/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/22/2025
0.00
If you would invest 0.00 in National Storage on February 2, 2023 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 720 days.
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 pink sheet 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as National Storage. Your research has to be compared to or analyzed against National Storage's peers to derive any actionable benefits. When done correctly, National Storage's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in National Storage REIT.
National Storage REIT Backtested Returns
National Storage REIT has Sharpe Ratio of -0.0176, which conveys that the firm had a -0.0176 % return per unit of risk over the last 3 months. National Storage exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify National Storage's Risk Adjusted Performance of (0.01), standard deviation of 4.15, and Mean Deviation of 1.72 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.9, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning National Storage are expected to decrease slowly. On the other hand, during market turmoil, National Storage is expected to outperform it slightly. At this point, National Storage REIT has a negative expected return of -0.0762%. Please make sure to verify National Storage's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if National Storage REIT performance from the past will be repeated at some point in the near future.
Auto-correlation
0.40
Average predictability
National Storage REIT has average predictability. Overlapping area represents the amount of predictability between National Storage time series from 2nd of February 2023 to 28th of January 2024 and 28th of January 2024 to 22nd of January 2025. 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 0.4 indicates that just about 40.0% of current National Storage price fluctuation can be explain by its past prices.
Correlation Coefficient
0.4
Spearman Rank Test
0.27
Residual Average
0.0
Price Variance
0.02
National Storage REIT lagged returns against current returns
Autocorrelation, which is National Storage pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Storage pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Storage pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in National Storage REIT.