>

State Street Backtesting

SSK
SSKEX -- USA Fund  

USD 10.27  0.12  1.16%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of State Street Emerging Markets E and determine expected loss or profit from investing in State Street over given investment horizon. Additionally, take a look at State Street Hype Analysis, State Street Correlation, Portfolio Optimization, State Street Volatility as well as analyze State Street Alpha and Beta and State Street Performance.
Symbol
Backtest

State Street 'What if' Analysis

0.00
01/07/2020
No Change 0.00  0.0 
In 3 months and 1 day
04/06/2020
0.00
If you would invest  0.00  in State Street on January 7, 2020 and sell it all today you would earn a total of 0.00 from holding State Street Emerging Markets E or generate 0.0% return on investment in State Street over 90 days. State Street is related to or competes with Vanguard Emerging, Vanguard Emerging, Vanguard Emerging, American Funds, New World, American Funds, and American Funds. The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total ret...

State Street Upside/Downside Indicators

Information Ratio0.0257
Maximum Drawdown45.45
Value At Risk(8.46)
Potential Upside5.09

State Street Market Premium Indicators

Risk Adjusted Performance(0.14)
Jensen Alpha0.007
Total Risk Alpha0.4549
Treynor Ratio(0.40)

State Street Emerging Backtested Returns

Macroaxis considers State Street to be very risky. State Street Emerging owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0384, which indicates the organization had -0.0384% of return per unit of risk over the last 3 months. Macroaxis philosophy towards measuring risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. State Street Emerging Markets E 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 Coefficient Of Variation of (2,690) and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The entity has a beta of 0.6175, which indicates as returns on market increase, State Street returns are expected to increase less than the market. However, during 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 Emerging current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. State Street Emerging Markets E exposes twenty-one different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.74 
correlation synergy

Good predictability

State Street Emerging Markets E has good predictability. Overlapping area represents the amount of predictability between State Street time series from 7th of January 2020 to 21st of February 2020 and 21st of February 2020 to 6th of April 2020. 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 Emerging price movement. The serial correlation of 0.74 indicates that around 74.0% of current State Street price fluctuation can be explain by its past prices.
Correlation Coefficient0.74
Spearman Rank Test0.45
Residual Average0.0
Price Variance1.72

State Street Emerging lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

State Street regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

State Street Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - SSKEX

State Street Emerging Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in State Street Emerging Markets E. What is your outlook on investing in State Street Emerging Markets E? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
Skip

Currently Active Assets on Macroaxis

CRM   
Purchased over 20 shares of
3 days ago
Traded for 134.32
C   
Purchased over 70 shares of
3 days ago
Traded for 39.23
S   
Purchased over 300 shares of
3 days ago
Traded for 8.62
C   
Purchased over 70 shares of
3 days ago
Traded for 39.23
DD   
Purchased over 90 shares of
3 days ago
Traded for 32.5
Additionally, take a look at State Street Hype Analysis, State Street Correlation, Portfolio Optimization, State Street Volatility as well as analyze State Street Alpha and Beta and State Street Performance. Please also try Premium Stories module to follow macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page