STATE STREET Three Year Return vs. Net Asset

SSAFX
 Fund
  

USD 89.17  0.33  0.37%   

For STATE STREET profitability analysis, we use financial ratios and fundamental drivers that measure the ability of STATE STREET to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well STATE STREET AGGREGATE utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between STATE STREET's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of STATE STREET AGGREGATE over time as well as its relative position and ranking within its peers. Additionally, take a look at World Market Map.
  
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 AGGREGATE Net Asset vs. Three Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining STATE STREET's current stock value. Our valuation model uses many indicators to compare STATE STREET value to that of its competitors to determine the firm's financial worth.
STATE STREET AGGREGATE is rated top fund in three year return among similar funds. It is rated top fund in net asset among similar funds making up about  102,139,165  of Net Asset per Three Year Return. . Comparative valuation analysis is a catch-all model that can be used if you cannot value STATE STREET by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for STATE STREET's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the STATE STREET's earnings, one of the primary drivers of an investment's value.

STATE Net Asset vs. Three Year Return

Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
STATE STREET 
Three Year Return 
 = 
(Mean of Monthly Returns - 1) 
X  
100% 
5.03 %
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
STATE STREET 
Net Asset 
 = 
Current Market Value 
Current Liabilities 
513.76 M
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.

STATE Net Asset Comparison

STATE STREET is currently under evaluation in net asset among similar funds.

STATE STREET Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in STATE STREET, profitability is also one of the essential criteria for including it into their portfolios because, without profit, STATE STREET will eventually generate negative long term returns. The profitability progress is the general direction of STATE STREET's change in net profit over the period of time. It can combine multiple indicators of STATE STREET, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests substantially all, but at least 80, of its net assets in securities comprising the index or in securities that the Adviser determines have economic characteristics that are comparable to the economic characteristics of securities that comprise the index. State Street is traded on NASDAQ Exchange in the United States.

STATE Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on STATE STREET. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of STATE STREET position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the STATE STREET's important profitability drivers and their relationship over time.

Use STATE STREET in pair-trading

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 STATE STREET 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 STATE STREET will appreciate offsetting losses from the drop in the long position's value.

STATE STREET Pair Trading

STATE STREET AGGREGATE Pair Trading Analysis

The ability to find closely correlated positions to STATE STREET could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STATE STREET 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 STATE STREET - 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 STATE STREET AGGREGATE to buy it.
The correlation of STATE STREET is a statistical measure of how it moves in relation to other equities. 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 STATE STREET moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STATE STREET AGGREGATE 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 STATE STREET 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 CorrelationCorrelation Matching

Use Investing Themes to Complement your STATE STREET position

In addition to having STATE STREET in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Gambling Thematic Idea Now

Gambling
Gambling Theme
Companies that are related to providing gambling services across multiple geographical areas by investing, exploring, or producing software, hardware, and related infrastructure for running gambling operations or trading speculative assets. The Gambling theme has 34 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Gambling Theme or any other thematic opportunities.
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Additionally, take a look at World Market Map. 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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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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To fully project STATE STREET's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of STATE STREET AGGREGATE at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include STATE STREET's income statement, its balance sheet, and the statement of cash flows.
Potential STATE STREET investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although STATE STREET investors may work on each financial statement separately, they are all related. The changes in STATE STREET's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on STATE STREET's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.