Extra Net Receivables vs Capital Surpluse Analysis

EXR Stock

USD 168.14 1.26 0.76%

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 Net Receivables and its Capital Surpluse accounts. Check out Investing Opportunities 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 interest.

Net Receivables vs Capital Surpluse

Net Receivables vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Extra Space Storage Net Receivables account and Capital Surpluse. At this time, the significance of the direction appears to have strong relationship.

The correlation between Extra Space's Net Receivables and Capital Surpluse is 0.68. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Capital Surpluse 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 Net Receivables and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Extra Space Storage are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Net Receivables i.e., Extra Space's Net Receivables and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Receivables

Capital Surpluse

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 Investing Opportunities 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 interest.

At this time, Extra Space's Selling General Administrative is relatively stable compared to the past year. Issuance Of Capital Stock is expected to grow at the current pace this year, while Tax Provision is likely to drop slightly above 15.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.2B	1.5B	1.4B	1.5B
Total Revenue	1.6B	1.9B	2.6B	2.7B

Gross Profit Total Revenue

Extra Space fundamental ratios Correlations

	Total Assets	Common Stock Shares Outstanding	Other Current Liab	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Other Stockholder Equity	Total Liab	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.44	0.89	0.98	0.53	1.0	0.4	0.95	0.97	0.98	0.97	-0.27	0.88	0.96	0.76	-0.15	0.97	-0.49	1.0	0.87	0.42	0.89	-0.31	0.97	-0.15	0.93
Common Stock Shares Outstanding	0.44		0.37	0.32	0.4	0.47	0.61	0.29	0.56	0.34	0.55	-0.86	0.7	0.54	0.32	-0.19	0.53	-0.53	0.45	0.24	0.58	0.35	-0.82	0.55	-0.19	0.23
Other Current Liab	0.89	0.37		0.84	0.62	0.9	0.33	0.9	0.88	0.84	0.89	-0.22	0.8	0.89	0.82	0.15	0.89	-0.29	0.89	0.68	0.34	0.9	-0.26	0.88	0.15	0.78
Total Stockholder Equity	0.98	0.32	0.84		0.39	0.96	0.31	0.93	0.89	1.0	0.89	-0.19	0.75	0.87	0.66	-0.1	0.89	-0.5	0.97	0.93	0.33	0.83	-0.26	0.9	-0.1	0.99
Other Liab	0.53	0.4	0.62	0.39		0.55	0.45	0.62	0.6	0.39	0.65	-0.21	0.68	0.66	0.77	-0.18	0.64	-0.11	0.53	0.21	0.45	0.66	-0.17	0.62	-0.18	0.3
Accounts Payable	1.0	0.47	0.9	0.96	0.55		0.42	0.95	0.97	0.97	0.98	-0.3	0.89	0.97	0.79	-0.14	0.98	-0.49	1.0	0.85	0.44	0.91	-0.34	0.98	-0.14	0.92
Cash	0.4	0.61	0.33	0.31	0.45	0.42		0.39	0.47	0.32	0.48	-0.48	0.54	0.47	0.43	-0.36	0.46	-0.32	0.4	0.11	1.0	0.43	-0.45	0.46	-0.36	0.29
Other Assets	0.95	0.29	0.9	0.93	0.62	0.95	0.39		0.9	0.93	0.92	-0.12	0.79	0.91	0.86	-0.09	0.92	-0.32	0.95	0.77	0.41	0.96	-0.17	0.9	-0.09	0.9
Long Term Debt	0.97	0.56	0.88	0.89	0.6	0.97	0.47	0.9		0.89	1.0	-0.34	0.96	1.0	0.8	-0.2	1.0	-0.44	0.97	0.76	0.48	0.9	-0.36	1.0	-0.2	0.81
Other Stockholder Equity	0.98	0.34	0.84	1.0	0.39	0.97	0.32	0.93	0.89		0.89	-0.21	0.76	0.88	0.66	-0.1	0.9	-0.52	0.97	0.93	0.34	0.83	-0.27	0.9	-0.1	0.99
Total Liab	0.97	0.55	0.89	0.89	0.65	0.98	0.48	0.92	1.0	0.89		-0.34	0.96	1.0	0.83	-0.19	1.0	-0.45	0.97	0.76	0.49	0.91	-0.36	1.0	-0.19	0.82
Common Stock	-0.27	-0.86	-0.22	-0.19	-0.21	-0.3	-0.48	-0.12	-0.34	-0.21	-0.34		-0.49	-0.32	-0.12	0.0	-0.32	0.59	-0.27	-0.13	-0.46	-0.16	0.99	-0.34	0.0	-0.13
Property Plant Equipment	0.88	0.7	0.8	0.75	0.68	0.89	0.54	0.79	0.96	0.76	0.96	-0.49		0.96	0.77	-0.26	0.96	-0.44	0.88	0.63	0.54	0.82	-0.48	0.96	-0.26	0.65
Short Long Term Debt Total	0.96	0.54	0.89	0.87	0.66	0.97	0.47	0.91	1.0	0.88	1.0	-0.32	0.96		0.85	-0.19	1.0	-0.41	0.96	0.73	0.49	0.92	-0.34	0.99	-0.19	0.8
Total Current Liabilities	0.76	0.32	0.82	0.66	0.77	0.79	0.43	0.86	0.8	0.66	0.83	-0.12	0.77	0.85		-0.05	0.83	-0.19	0.77	0.46	0.44	0.92	-0.13	0.8	-0.05	0.6
Property Plant And Equipment Net	-0.15	-0.19	0.15	-0.1	-0.18	-0.14	-0.36	-0.09	-0.2	-0.1	-0.19	0.0	-0.26	-0.19	-0.05		-0.19	0.0	-0.15	-0.08	-0.36	-0.09	-0.05	-0.2	1.0	-0.07
Net Debt	0.97	0.53	0.89	0.89	0.64	0.98	0.46	0.92	1.0	0.9	1.0	-0.32	0.96	1.0	0.83	-0.19		-0.45	0.97	0.77	0.47	0.9	-0.34	1.0	-0.19	0.82
Retained Earnings	-0.49	-0.53	-0.29	-0.5	-0.11	-0.49	-0.32	-0.32	-0.44	-0.52	-0.45	0.59	-0.44	-0.41	-0.19	0.0	-0.45		-0.49	-0.55	-0.31	-0.16	0.62	-0.47	0.0	-0.51
Non Current Assets Total	1.0	0.45	0.89	0.97	0.53	1.0	0.4	0.95	0.97	0.97	0.97	-0.27	0.88	0.96	0.77	-0.15	0.97	-0.49		0.87	0.42	0.89	-0.31	0.98	-0.15	0.93
Non Currrent Assets Other	0.87	0.24	0.68	0.93	0.21	0.85	0.11	0.77	0.76	0.93	0.76	-0.13	0.63	0.73	0.46	-0.08	0.77	-0.55	0.87		0.13	0.63	-0.2	0.78	-0.08	0.93
Cash And Short Term Investments	0.42	0.58	0.34	0.33	0.45	0.44	1.0	0.41	0.48	0.34	0.49	-0.46	0.54	0.49	0.44	-0.36	0.47	-0.31	0.42	0.13		0.44	-0.43	0.48	-0.36	0.32
Net Receivables	0.89	0.35	0.9	0.83	0.66	0.91	0.43	0.96	0.9	0.83	0.91	-0.16	0.82	0.92	0.92	-0.09	0.9	-0.16	0.89	0.63	0.44		-0.19	0.89	-0.09	0.77
Common Stock Total Equity	-0.31	-0.82	-0.26	-0.26	-0.17	-0.34	-0.45	-0.17	-0.36	-0.27	-0.36	0.99	-0.48	-0.34	-0.13	-0.05	-0.34	0.62	-0.31	-0.2	-0.43	-0.19		-0.36	-0.05	-0.21
Non Current Liabilities Total	0.97	0.55	0.88	0.9	0.62	0.98	0.46	0.9	1.0	0.9	1.0	-0.34	0.96	0.99	0.8	-0.2	1.0	-0.47	0.98	0.78	0.48	0.89	-0.36		-0.2	0.83
Property Plant And Equipment Gross	-0.15	-0.19	0.15	-0.1	-0.18	-0.14	-0.36	-0.09	-0.2	-0.1	-0.19	0.0	-0.26	-0.19	-0.05	1.0	-0.19	0.0	-0.15	-0.08	-0.36	-0.09	-0.05	-0.2		-0.07
Total Current Assets	0.93	0.23	0.78	0.99	0.3	0.92	0.29	0.9	0.81	0.99	0.82	-0.13	0.65	0.8	0.6	-0.07	0.82	-0.51	0.93	0.93	0.32	0.77	-0.21	0.83	-0.07

Click cells to compare fundamentals

Extra Space Account Relationship Matchups

Extra Space fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.5B	9.4B	10.5B	12.2B	27.5B	28.8B
Common Stock Shares Outstanding	136.4M	129.6M	140.0M	141.7M	169.2M	102.0M
Liabilities And Stockholders Equity	8.5B	9.4B	10.5B	12.2B	27.5B	28.8B
Other Current Liab	45.3M	47.1M	63.6M	67.4M	112.6M	118.2M
Total Stockholder Equity	2.5B	2.5B	3.1B	3.3B	14.4B	15.1B
Other Liab	96.5M	272.8M	291.5M	144.0M	165.6M	173.9M
Accounts Payable	111.4M	130.0M	142.3M	171.7M	334.5M	351.2M
Cash	65.7M	109.1M	71.1M	92.9M	99.1M	65.3M
Other Assets	159.2M	9.3B	9.7B	11.0B	24.6B	25.8B
Long Term Debt	4.9B	4.8B	5.4B	7.3B	10.3B	10.9B
Other Stockholder Equity	3.2B	3.0B	3.4B	3.5B	14.8B	15.5B
Total Liab	5.6B	6.5B	6.7B	8.1B	12.0B	12.6B
Common Stock	1.3M	1.3M	1.3M	1.3M	2.1M	2.6M
Property Plant Equipment	7.7B	7.9B	9.1B	10.3B	11.8B	12.4B
Short Long Term Debt Total	5.3B	6.0B	6.6B	8.4B	11.4B	12.0B
Total Current Liabilities	314.6M	1.1B	740.9M	1.2B	1.1B	1.2B
Net Debt	5.3B	5.9B	6.1B	7.5B	11.3B	11.9B
Retained Earnings	(301.0M)	(354.9M)	(128.2M)	(135.9M)	(379.0M)	(360.1M)
Non Current Assets Total	8.5B	9.3B	10.4B	12.1B	26.5B	27.8B
Non Currrent Assets Other	162.1M	130.6M	159.2M	(1.9B)	24.5B	25.7B
Cash And Short Term Investments	65.7M	109.1M	71.1M	92.9M	99.1M	69.1M
Common Stock Total Equity	1.3M	1.3M	1.3M	1.3M	1.2M	981.5K
Non Current Liabilities Total	5.3B	5.3B	5.9B	6.9B	10.9B	11.5B
Total Current Assets	70.7M	128.0M	76.2M	92.9M	955.9M	1.0B
Short Term Debt	158M	949M	535M	945M	648.3M	462.1M
Accumulated Other Comprehensive Income	(29.0M)	(99.1M)	(42.5M)	48.8M	17.4M	18.3M
Other Current Assets	(70.7M)	312.7M	(495.4M)	55.2M	91.2M	95.7M
Intangible Assets	134.9M	137.1M	147.0M	21.6M	147.6M	91.0M
Net Tangible Assets	2.5B	2.5B	3.1B	3.1B	3.5B	2.3B
Noncontrolling Interest In Consolidated Entity	371.7M	381.7M	388.3M	669.5M	769.9M	808.4M
Retained Earnings Total Equity	(262.9M)	(301.0M)	(354.9M)	(128.2M)	(147.5M)	(154.9M)
Long Term Debt Total	4.9B	4.8B	6.0B	7.5B	8.6B	9.0B
Capital Surpluse	2.9B	3.0B	3.3B	3.3B	3.8B	2.6B

Pair Trading with Extra Space

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extra Space will appreciate offsetting losses from the drop in the long position's value.

Moving together with Extra Stock

0.83

First Industrial Realty

Pair Corr

Moving against Extra Stock

0.76	AKR	Acadia Realty Trust	Pair Corr
0.7	UE	Urban Edge Properties	Pair Corr
0.64	WELL	Welltower	Pair Corr
0.5	EQIX	Equinix	Pair Corr
0.44	AAT	American Assets Trust	Pair Corr

The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extra Space Storage to buy it.

The correlation of Extra Space 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Extra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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.

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