Extra Space Storage Stock Short Ratio
| EXR Stock | USD 139.30 4.94 3.68% |
Fundamental analysis of Extra Space allows traders to better anticipate movements in Extra Space's stock price by examining its financial health and performance throughout various phases of its business cycle.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Extra Space Storage Company Short Ratio Analysis
Extra Space's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Extra Space Short Ratio | 3.47 X |
Most of Extra Space's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Extra Space Storage is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
Based on the latest financial disclosure, Extra Space Storage has a Short Ratio of 3.47 times. This is 25.38% lower than that of the Specialized REITs sector and significantly higher than that of the Real Estate industry. The short ratio for all United States stocks is 13.25% higher than that of the company.
Extra Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Extra Space's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Extra Space could also be used in its relative valuation, which is a method of valuing Extra Space by comparing valuation metrics of similar companies.Extra Space is currently under evaluation in short ratio category among its peers.
Extra Fundamentals
| Return On Equity | 0.069 | ||||
| Return On Asset | 0.0332 | ||||
| Profit Margin | 0.29 % | ||||
| Operating Margin | 0.46 % | ||||
| Current Valuation | 43.09 B | ||||
| Shares Outstanding | 212.25 M | ||||
| Shares Owned By Insiders | 0.97 % | ||||
| Shares Owned By Institutions | 99.73 % | ||||
| Number Of Shares Shorted | 4.09 M | ||||
| Price To Earning | 35.20 X | ||||
| Price To Book | 2.14 X | ||||
| Price To Sales | 9.10 X | ||||
| Revenue | 3.26 B | ||||
| Gross Profit | 2.56 B | ||||
| EBITDA | 2.31 B | ||||
| Net Income | 900.23 M | ||||
| Cash And Equivalents | 138.22 M | ||||
| Cash Per Share | 0.67 X | ||||
| Total Debt | 13.03 B | ||||
| Debt To Equity | 1.70 % | ||||
| Current Ratio | 2.59 X | ||||
| Book Value Per Share | 64.97 X | ||||
| Cash Flow From Operations | 1.89 B | ||||
| Short Ratio | 3.47 X | ||||
| Earnings Per Share | 4.60 X | ||||
| Price To Earnings To Growth | 3.52 X | ||||
| Target Price | 162.85 | ||||
| Number Of Employees | 8.01 K | ||||
| Beta | 1.11 | ||||
| Market Capitalization | 30.87 B | ||||
| Total Asset | 28.85 B | ||||
| Retained Earnings | (899.34 M) | ||||
| Working Capital | (122.34 M) | ||||
| Current Asset | 244.2 M | ||||
| Current Liabilities | 120.92 M | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 3.13 % | ||||
| Net Asset | 28.85 B | ||||
| Last Dividend Paid | 6.48 |
About Extra Space Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Extra Space Storage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Extra Space using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Extra Space Storage based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 against Extra Stock
| 0.31 | PW | Power REIT Earnings Call This Week | PairCorr |
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.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.