0IJV Stock | | | 173.65 3.28 1.93% |
Extra Space financial indicator trend analysis is much more than just examining Extra Space Storage latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Extra Space Storage is a good investment. Please check the relationship between Extra Space Retained Earnings and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Retained Earnings vs Non Current Liabilities Total
Retained Earnings vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Extra Space Storage Retained Earnings account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Extra Space's Retained Earnings and Non Current Liabilities Total is -0.47. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Extra Space Storage, assuming nothing else is changed. The correlation between historical values of Extra Space's Retained Earnings and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Extra Space Storage are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Retained Earnings i.e., Extra Space's Retained Earnings and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.47 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Non Current Liabilities Total
Most indicators from Extra Space's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Extra Space Storage current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to gain to about 153.7
M in 2024, whereas
Tax Provision is likely to drop slightly above 10
M in 2024.
Extra Space fundamental ratios Correlations
Click cells to compare fundamentals
Extra Space Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Extra Space fundamental ratios Accounts
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