Extra Space (Brazil) Alpha and Beta Analysis
| E1XR34 Stock | BRL 245.52 17.04 7.46% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Extra Space Storage. It also helps investors analyze the systematic and unsystematic risks associated with investing in Extra Space over a specified time horizon. Remember, high Extra Space's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Extra Space's market risk premium analysis include:
Beta (0.19) | Alpha 0.11 | Risk 2.19 | Sharpe Ratio 0.0185 | Expected Return 0.0405 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Extra Space Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Extra Space market risk premium is the additional return an investor will receive from holding Extra Space long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Extra Space. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Extra Space's performance over market.| α | 0.11 | β | -0.19 |
Extra Space expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Extra Space's Buy-and-hold return. Our buy-and-hold chart shows how Extra Space performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Extra Space Market Price Analysis
Market price analysis indicators help investors to evaluate how Extra Space stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Extra Space shares will generate the highest return on investment. By understating and applying Extra Space stock market price indicators, traders can identify Extra Space position entry and exit signals to maximize returns.
Extra Space Return and Market Media
The median price of Extra Space for the period between Mon, Aug 26, 2024 and Sun, Nov 24, 2024 is 240.0 with a coefficient of variation of 2.64. The daily time series for the period is distributed with a sample standard deviation of 6.39, arithmetic mean of 241.88, and mean deviation of 5.46. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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About Extra Space Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Extra or other stocks. Alpha measures the amount that position in Extra Space Storage has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Extra Space in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Extra Space's short interest history, or implied volatility extrapolated from Extra Space options trading.
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Additional Information and Resources on Investing in Extra Stock
When determining whether Extra Space Storage is a strong investment it is important to analyze Extra Space's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Extra Space's future performance. For an informed investment choice regarding Extra Stock, refer to the following important reports:Check out Extra Space Backtesting, Extra Space Valuation, Extra Space Correlation, Extra Space Hype Analysis, Extra Space Volatility, Extra Space History and analyze Extra Space Performance. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Extra Space technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.