National Total Assets vs Net Invested Capital Analysis
| NSA-PB Stock | 22.32 0.04 0.18% |
National Storage financial indicator trend analysis is infinitely more than just investigating National Storage Aff recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Storage Aff is a good investment. Please check the relationship between National Storage Total Assets and its Net Invested Capital accounts. 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 board of governors.
Total Assets vs Net Invested Capital
Total Assets vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Storage Aff Total Assets account and Net Invested Capital. At this time, the significance of the direction appears to have totally related.
The correlation between National Storage's Total Assets and Net Invested Capital is 1.0. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of National Storage Affiliates, assuming nothing else is changed. The correlation between historical values of National Storage's Total Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of National Storage Affiliates are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Assets i.e., National Storage's Total Assets and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of National Storage assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in National Storage Aff books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from National Storage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Storage Aff 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 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 board of governors. The current year's Tax Provision is expected to grow to about 2.7 M, whereas Selling General Administrative is forecasted to decline to about 58.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 430.4M | 590.5M | 629.1M | 538.7M | Total Revenue | 585.7M | 801.6M | 858.1M | 736.3M |
National Storage fundamental ratios Correlations
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National Storage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether National Storage Aff offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of National Storage's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of National Storage Affiliates Stock. Outlined below are crucial reports that will aid in making a well-informed decision on National Storage Affiliates 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 board of governors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.