State Street Corp Stock Price on March 12, 2024
| STT Stock | USD 73.20 0.09 0.12% |
If you're considering investing in State Stock, it is important to understand the factors that can impact its price. As of today, the current price of State Street stands at 73.20, as last reported on the 3rd of May, with the highest price reaching 73.87 and the lowest price hitting 72.85 during the day. We consider State Street very steady. State Street Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0291, which indicates the firm had a 0.0291% return per unit of risk over the last 3 months. We have found thirty technical indicators for State Street Corp, which you can use to evaluate the volatility of the company. Please validate State Street's Risk Adjusted Performance of 0.0234, coefficient of variation of 3431.47, and Semi Deviation of 1.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.0352%.
State Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
State |
Sharpe Ratio = 0.0291
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Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average State Street is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of State Street by adding it to a well-diversified portfolio.
State Street Valuation on March 12, 2024
It is possible to determine the worth of State Street on a given historical date. On March 12, 2024 State was worth 73.65 at the beginning of the trading date compared to the closed value of 71.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of State Street stock. Still, in general, we apply an absolute valuation method to find State Street's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of State Street where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against State Street's related companies.
| Open | High | Low | Close | Volume | |
| 72.09 | 73.61 | 72.08 | 72.78 | 1,847,574 | |
03/12/2024 | 73.65 | 73.91 | 71.86 | 71.86 | 1,883,313 |
| 72.52 | 73.64 | 72.20 | 72.20 | 1,943,129 |
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State Street Trading Date Momentum on March 12, 2024
| On March 13 2024 State Street Corp was traded for 72.20 at the closing time. Highest State Street's price during the trading hours was 73.64 and the lowest price during the day was 72.20 . The net volume was 1.9 M. The overall trading history on the 13th of March 2024 contributed to the next trading period price appreciation. The trading price change to the next next day price was 0.47% . The trading price change to current price is 5.86% . |
State Street Corp Fundamentals Correlations and Trends
By evaluating State Street's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among State Street's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. State financial account trend analysis is a perfect complement when working with valuation or volatility modules.About State Street Stock history
State Street investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for State is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in State Street Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing State Street stock prices may prove useful in developing a viable investing in State Street
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts. State Street operates under Asset Management classification in the United States and is traded on New York Stock Exchange. It employs 41354 people.
State Street Stock Technical Analysis
State Street technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
State Street Period Price Range
Low | March 12, 2024
| High |
73.65 | 71.86 |
State Street May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how State Street stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading State Street shares will generate the highest return on investment. By undertsting and applying State Street stock market strength indicators, traders can identify State Street Corp entry and exit signals to maximize returns
State Street Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for State Street's price direction in advance. Along with the technical and fundamental analysis of State Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of State to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | 0.0094 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0721 |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in State Street Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for State Stock analysis
When running State Street's 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 the 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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Is State Street's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of State Street. If investors know State will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about State Street listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of State Street Corp is measured differently than its book value, which is the value of State that is recorded on the company's balance sheet. Investors also form their own opinion of State Street's value that differs from its market value or its book value, called intrinsic value, which is State Street's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because State Street's market value can be influenced by many factors that don't directly affect State Street's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.