State Street Probability of Target Price Finishing Over Current Price

SSHAX -- USA Fund  

USD 12.41  0.07  0.57%

State Street probability of target price tool provides mechanism to make assumptions about upside and downside potential of State Street Global Managed Vol performance during a given time horizon utilizing its historical volatility. Please specify State Street time horizon, a valid symbol (red box) and a target price (blue box) you would like State Street odds to be computed. Also please take a look at State Street Backtesting, Portfolio Optimization, State Street Correlation, State Street Hype Analysis, State Street Volatility, State Street History as well as State Street Performance.
Horizon     30 Days    Login   to change
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State Street Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 12.41 30 days 12.41  ABOUT 42.76%
Based on normal probability distribution, the odds of State Street to move above current price in 30 days from now is about 42.76% (This State Street Global Managed Vol probability density function shows the probability of State Street Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, State Street has beta of 0.5713 . This entails as returns on market go up, State Street average returns are expected to increase less than the benchmark. However during bear market, the loss on holding State Street Global Managed Vol will be expected to be much smaller as well. Additionally State Street Global Managed Vol has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 State Street Price Density 
      Price 
α
Alpha over DOW
=0.03
β
Beta against DOW=0.57
σ
Overall volatility
=0.15
Ir
Information ratio =0.001426

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State Street Global generates negative expected return over the last 30 days

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Also please take a look at State Street Backtesting, Portfolio Optimization, State Street Correlation, State Street Hype Analysis, State Street Volatility, State Street History as well as State Street Performance. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.
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