Extra Space Storage Stock Probability of Future Stock Price Finishing Under 145.06
| EXR Stock | USD 158.94 1.44 0.90% |
Closest to current price Extra long CALL Option Payoff at Expiration
Extra |
Extra Space Target Price Odds to finish below 145.06
The tendency of Extra Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 145.06 or more in 90 days |
| 158.94 | 90 days | 145.06 | near 1 |
Based on a normal probability distribution, the odds of Extra Space to drop to $ 145.06 or more in 90 days from now is near 1 (This Extra Space Storage probability density function shows the probability of Extra Stock to fall within a particular range of prices over 90 days) . Probability of Extra Space Storage price to stay between $ 145.06 and its current price of $158.94 at the end of the 90-day period is under 4.
Considering the 90-day investment horizon Extra Space Storage has a beta of -0.22 suggesting as returns on the benchmark increase, returns on holding Extra Space are expected to decrease at a much lower rate. During a bear market, however, Extra Space Storage is likely to outperform the market. Additionally Extra Space Storage has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Extra Space Price Density |
| Price |
Predictive Modules for Extra Space
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Extra Space Storage. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Extra Space's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Extra Space Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Extra Space is not an exception. The market had few large corrections towards the Extra Space's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Extra Space Storage, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Extra Space within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | -0.22 | |
σ | Overall volatility | 6.05 | |
Ir | Information ratio | -0.16 |
Extra Space Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Extra Space for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Extra Space Storage can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Extra Space Storage generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Wellington Management Group LLP Sells 42,300 Shares of Extra Space Storage Inc. - MarketBeat |
Extra Space Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Extra Stock often depends not only on the future outlook of the current and potential Extra Space's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Extra Space's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 169.2 M | |
| Cash And Short Term Investments | 99.1 M |
Extra Space Technical Analysis
Extra Space's future price can be derived by breaking down and analyzing its technical indicators over time. Extra Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Extra Space Storage. In general, you should focus on analyzing Extra Stock price patterns and their correlations with different microeconomic environments and drivers.
Extra Space Predictive Forecast Models
Extra Space's time-series forecasting models is one of many Extra Space's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Extra Space's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Extra Space Storage
Checking the ongoing alerts about Extra Space for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Extra Space Storage help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Extra Space Storage generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Wellington Management Group LLP Sells 42,300 Shares of Extra Space Storage Inc. - MarketBeat |
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.