National Storage Correlations

NSA Stock

USD 31.46 0.08 0.25%

The current 90-days correlation between National Storage Aff and CubeSmart is 0.84 (i.e., Very poor 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

Very weak diversification

The correlation between National Storage Affiliates and DJI is 0.44 (i.e., Very 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.

Build AI portfolio with National Stock

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

0.62	LB	LandBridge Company	Pair Corr
0.69	WHLR	Wheeler Real Estate	Pair Corr
0.7	FCPT	Four Corners Property Earnings Call This Week	Pair Corr
0.74	ADC	Agree Realty	Pair Corr
0.72	AKR	Acadia Realty Trust Earnings Call This Week	Pair Corr
0.73	AMH	American Homes 4 Sell-off Trend	Pair Corr

Moving against National Stock

0.67	ESBA	Empire State Realty	Pair Corr
0.65	WELL	Welltower Earnings Call This Week	Pair Corr
0.65	ESRT	Empire State Realty Earnings Call Today	Pair Corr
0.62	Z	Zillow Group Class	Pair Corr
0.57	ELME	Elme Communities	Pair Corr
0.54	VICI	VICI Properties Earnings Call This Week	Pair Corr
0.51	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.48	PK	Park Hotels Resorts Earnings Call This Week	Pair Corr
0.34	HR	Healthcare Realty Trust	Pair Corr
0.87	BHR	Braemar Hotel Resorts	Pair Corr
0.81	ALX	Alexanders	Pair Corr
0.78	AHR	American Healthcare REIT,	Pair Corr
0.77	FISK	Empire State Realty	Pair Corr
0.76	AAT	American Assets Trust Earnings Call This Week	Pair Corr
0.73	AIV	Apartment Investment and	Pair Corr
0.63	BDN	Brandywine Realty Trust	Pair Corr
0.6	BFS	Saul Centers	Pair Corr
0.37	AHH	Armada Hflr Pr	Pair Corr
0.84	DEA	Eerly Govt Ppty	Pair Corr
0.83	DHC	Diversified Healthcare	Pair Corr
0.8	CDP	COPT Defense Properties Earnings Call This Week	Pair Corr
0.69	BXP	Boston Properties Earnings Call This Week	Pair Corr
0.69	CIO	City Office	Pair Corr
0.67	DEI	Douglas Emmett	Pair Corr

Related Correlations Analysis

	CUBE	REXR	PLYM	LXP	SELF	TRNO	EXR	NXRT
CUBE		0.78	0.9	0.83	0.61	0.54	0.93	-0.35	CUBE
REXR	0.78		0.87	0.9	0.58	0.53	0.81	-0.64	REXR
PLYM	0.9	0.87		0.93	0.69	0.52	0.84	-0.58	PLYM
LXP	0.83	0.9	0.93		0.77	0.53	0.82	-0.68	LXP
SELF	0.61	0.58	0.69	0.77		0.33	0.61	-0.69	SELF
TRNO	0.54	0.53	0.52	0.53	0.33		0.47	-0.04	TRNO
EXR	0.93	0.81	0.84	0.82	0.61	0.47		-0.36	EXR
NXRT	-0.35	-0.64	-0.58	-0.68	-0.69	-0.04	-0.36		NXRT
	CUBE	REXR	PLYM	LXP	SELF	TRNO	EXR	NXRT

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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

EXR	+ 0.93	CUBE
LXP	+ 0.93	PLYM
PLYM	+ 0.9	CUBE
LXP	+ 0.9	REXR
PLYM	+ 0.87	REXR
EXR	+ 0.84	PLYM

High negative correlations

NXRT	- 0.69	SELF
NXRT	- 0.68	LXP
NXRT	- 0.64	REXR
NXRT	- 0.58	PLYM
NXRT	- 0.36	EXR
NXRT	- 0.35	CUBE

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
CUBE	0.94	0.00	(0.02)	0.14	1.17	(0.93)	2.87	(2.18)	8.22
REXR	1.12	0.08	0.05	0.22	1.34	(1.16)	2.67	(2.45)	8.63
PLYM	1.11	0.07	0.02	0.23	1.32	(1.19)	2.29	(2.63)	6.92
LXP	0.90	0.03	(0.02)	0.18	1.11	(0.92)	1.91	(1.75)	7.15
SELF	1.12	0.00	(0.04)	0.14	1.39	(1.24)	2.55	(1.66)	8.10
TRNO	1.03	(0.08)	(0.06)	0.04	1.61	(0.94)	1.90	(2.53)	8.43
EXR	0.92	0.03	(0.01)	0.17	1.28	(0.92)	2.14	(2.08)	7.96
NXRT	1.08	(0.16)	0.00	(0.07)	0.00	0.00	2.37	(2.45)	6.88

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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