State Mutual Fund Market Value

SSAFX
 Fund
  

USD 86.90  0.27  0.31%   

State Street's market value is the price at which a share of State Street stock trades on a public exchange. It measures the collective expectations of State Street Aggregate investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of State Street Aggregate and determine expected loss or profit from investing in State Street over a given investment horizon. Additionally, take a look at State Street Correlation, State Street Volatility and State Street Alpha and Beta module to complement your research on State Street.
Symbol

Please note, there is a significant difference between State Street's value and its price as these two are different measures arrived at by different means. Investors typically determine State Street value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, State Street's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

State Street 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to State Street's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of State Street.
0.00
07/04/2022
No Change 0.00  0.0 
In 2 months and 31 days
10/02/2022
0.00
If you would invest  0.00  in State Street on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding State Street Aggregate or generate 0.0% return on investment in State Street over 90 days. State Street is related to or competes with Home Depot. The fund invests substantially all, but at least 80, of its net assets in securities comprising the index or in securiti... More

State Street Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure State Street's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess State Street Aggregate upside and downside potential and time the market with a certain degree of confidence.

State Street Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for State Street's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as State Street's standard deviation. In reality, there are many statistical measures that can use State Street historical prices to predict the future State Street's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of State Street's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of State Street in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
86.6787.1787.67
Details
Intrinsic
Valuation
LowReal ValueHigh
78.4587.9488.44
Details
Naive
Forecast
LowNext ValueHigh
85.6186.1186.62
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
86.2389.6893.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as State Street. Your research has to be compared to or analyzed against State Street's peers to derive any actionable benefits. When done correctly, State Street's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in State Street Aggregate.

State Street Aggregate Backtested Returns

State Street Aggregate owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the fund had -0.19% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. State Street Aggregate exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate State Street risk adjusted performance of (0.18), and Coefficient Of Variation of (669.16) to confirm the risk estimate we provide.
The entity has a beta of 0.165, which indicates not very significant fluctuations relative to the market. Let's try to break down what State's beta means in this case. As returns on the market increase, State Street returns are expected to increase less than the market. However, during the bear market, the loss on holding State Street will be expected to be smaller as well. Even though it is essential to pay attention to State Street Aggregate current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. State Street Aggregate exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.56  

Good reverse predictability

State Street Aggregate has good reverse predictability. Overlapping area represents the amount of predictability between State Street time series from 4th of July 2022 to 18th of August 2022 and 18th of August 2022 to 2nd of October 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of State Street Aggregate price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current State Street price fluctuation can be explain by its past prices.
Correlation Coefficient-0.56
Spearman Rank Test-0.63
Residual Average0.0
Price Variance3.17

State Street Aggregate lagged returns against current returns

Autocorrelation, which is State Street mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting State Street's mutual fund expected returns. We can calculate the autocorrelation of State Street returns to help us make a trade decision. For example, suppose you find that State Street mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

State Street regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If State Street mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if State Street mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in State Street mutual fund over time.
   Current vs Lagged Prices   
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       Timeline  

State Street Lagged Returns

When evaluating State Street's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of State Street mutual fund have on its future price. State Street autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, State Street autocorrelation shows the relationship between State Street mutual fund current value and its past values and can show if there is a momentum factor associated with investing in State Street Aggregate.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in State Street without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
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Additionally, take a look at State Street Correlation, State Street Volatility and State Street Alpha and Beta module to complement your research on State Street. Note that the State Street Aggregate information on this page should be used as a complementary analysis to other State Street's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for State Mutual Fund analysis

When running State Street Aggregate price analysis, check to measure State Street'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 State Street is operating at the current time. Most of State Street's value examination focuses on studying past and present price action to predict the probability of State Street's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move State Street's price. Additionally, you may evaluate how the addition of State Street to your portfolios can decrease your overall portfolio volatility.
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State Street technical mutual fund 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, fund market cycles, or different charting patterns.
A focus of State Street technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of State Street trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...