State Street Target Fund Market Value

SSAUX Fund   15.77  0.05  0.32%   
State Street's market value is the price at which a share of State Street trades on a public exchange. It measures the collective expectations of State Street Target investors about its performance. State Street is trading at 15.77 as of the 25th of December 2024; that is 0.32% up since the beginning of the trading day. The fund's open price was 15.72.
With this module, you can estimate the performance of a buy and hold strategy of State Street Target and determine expected loss or profit from investing in State Street over a given investment horizon. Check out 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 if State Street is a good investment 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
01/05/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/25/2024
0.00
If you would invest  0.00  in State Street on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding State Street Target or generate 0.0% return on investment in State Street over 720 days. State Street is related to or competes with State Street, State Street, Ssga International, State Street, State Street, State Street, and State Street. SSGA Funds Management, Inc. manages the Target Retirement 2050 Fund using a proprietary asset allocation strategy 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 Target 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, anticipate that 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.
Hype
Prediction
LowEstimatedHigh
15.1115.7216.33
Details
Intrinsic
Valuation
LowRealHigh
15.1815.7916.40
Details

State Street Target Backtested Returns

State Street Target owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0397, which indicates the fund had a -0.0397% return per unit of risk over the last 3 months. State Street Target exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate State Street's Coefficient Of Variation of (20,526), risk adjusted performance of (0.01), and Variance of 0.3702 to confirm the risk estimate we provide. The entity has a beta of 0.0906, which indicates not very significant fluctuations relative to the market. As returns on the market increase, State Street's returns are expected to increase less than the market. However, during the bear market, the loss of holding State Street is expected to be smaller as well.

Auto-correlation

    
  0.44  

Average predictability

State Street Target has average predictability. Overlapping area represents the amount of predictability between State Street time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th of December 2024. 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 Target price movement. The serial correlation of 0.44 indicates that just about 44.0% of current State Street price fluctuation can be explain by its past prices.
Correlation Coefficient0.44
Spearman Rank Test0.49
Residual Average0.0
Price Variance0.54

State Street Target 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 has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       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   
       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 Target.
   Regressed Prices   
       Timeline  

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Other Information on Investing in State Mutual Fund

State Street financial ratios help investors to determine whether State Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in State with respect to the benefits of owning State Street security.
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