State Street Smallmid Fund Quote
| SSMJX Fund | USD 267.37 0.58 0.22% |
Performance3 of 100
| Odds Of DistressLess than 22
|
State Street is trading at 267.37 as of the 25th of April 2024; that is -0.22 percent decrease since the beginning of the trading day. The fund's open price was 267.95. State Street has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for State Street Smallmid are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of January 2024 and ending today, the 25th of April 2024. Click here to learn more.
The fund uses a passive management strategy designed to track the performance of the index. The index is a float-adjusted, market capitalization index which measures the performance of the Russell 3000 Index companies excluding SP 500 constituents. The index is constructed to provide a comprehensive and unbiased barometer of the extended broad market beyond the SP 500 exposure.. More on State Street Smallmid
Moving together with State Mutual Fund
| 0.95 | SSAHX | State Street Target | PairCorr |
| 0.96 | SSAJX | State Street Target | PairCorr |
| 0.85 | SSAIX | Ssga International Stock | PairCorr |
| 0.96 | SSAOX | State Street Target | PairCorr |
| 0.91 | SSAQX | State Street Core | PairCorr |
| 0.96 | SSAKX | State Street Target | PairCorr |
State Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. State Street's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding State Street or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | State Street Global Advisors Funds, Large Funds, Mid-Cap Blend Funds, Mid-Cap Blend, State Street Global Advisors (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of April 2019 |
| Fiscal Year End | December |
State Street Smallmid [SSMJX] is traded in USA and was established 25th of April 2024. State Street is listed under State Street Global Advisors category by Fama And French industry classification. The fund is listed under Mid-Cap Blend category and is part of State Street Global Advisors family. This fund at this time has accumulated 76.97 M in assets with minimum initial investment of 2 K. State Street Smallmid is currently producing year-to-date (YTD) return of 2.21% with the current yeild of 0.01%, while the total return for the last 3 years was -2.49%.
Check State Street Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on State Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding State Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as State Street Smallmid Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top State Street Smallmid Mutual Fund Constituents
| SSMHX | State Street Smallmid | Mutual Fund | Mid-Cap Blend |
State Street Target Price Odds Analysis
Based on a normal probability distribution, the odds of State Street jumping above the current price in 90 days from now is about 60.51%. The State Street Smallmid probability density function shows the probability of State Street mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.5351. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, State Street will likely underperform. Additionally, state Street Smallmid has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of State Street to move above the current price in 90 days from now is about 60.51 (This State Street Smallmid probability density function shows the probability of State Mutual Fund to fall within a particular range of prices over 90 days) .
State Street Smallmid Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. State Street market risk premium is the additional return an investor will receive from holding State Street long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in State Street. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although State Street's alpha and beta are two of the key measurements used to evaluate State Street's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.8522 | |||
| Semi Deviation | 1.09 | |||
| Standard Deviation | 1.07 | |||
| Variance | 1.14 |
State Street Against Markets
Picking the right benchmark for State Street mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in State Street mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for State Street is critical whether you are bullish or bearish towards State Street Smallmid at a given time. Please also check how State Street's historical prices are related to one of the top price index indicators.
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.Did you try this?
Run Idea Analyzer Now
Idea AnalyzerAnalyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |
| All Next | Launch Module |
How to buy State Mutual Fund?
Before investing in State Street, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in State Street. To buy State Street fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of State Street. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase State Street fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located State Street Smallmid fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased State Street Smallmid fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as State Street Smallmid, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in State Street Smallmid?
The danger of trading State Street Smallmid is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of State Street is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than State Street. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile State Street Smallmid is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in State Street Smallmid. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.