State Mutual Fund Manager Performance Evaluation

SSBSX -  USA Fund  

USD 12.94  0.03  0.23%

The entity has a beta of 0.0542, which indicates not very significant fluctuations relative to the market. Let's try to break down what State's beta means in this case. As returns on the market increase, State Street returns are expected to increase less than the market. However, during the 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 Target current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. State Street Target exposes twenty-one different technical indicators, which can help you to evaluate its performance.

State Mutual Fund Performance 

 
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State Performance
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Over the last 90 days State Street Target has generated negative risk-adjusted returns adding no value to fund investors. In spite of latest weak performance, the Fund's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the fund investors.
Fifty Two Week Low12.94
Fifty Two Week High14.57
Annual Report Expense Ratio0.09%

State Street Relative Risk vs. Return Landscape

If you would invest  1,437  in State Street Target on October 29, 2021 and sell it today you would lose (143.00)  from holding State Street Target or give up 9.95% of portfolio value over 90 days. State Street Target is currently producing negative expected returns and takes up 0.9391% volatility of returns over 90 trading days. Put another way, 8% of traded mutual funds are less volatile than State, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon State Street is expected to under-perform the market. In addition to that, the company is 1.11 times more volatile than its market benchmark. It trades about -0.18 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.09 per unit of volatility.

State Street Current Valuation

Fairly Valued
Today 12.94
Share
Please note that State Street's price fluctuation is very steady at this time.
State Street Target has a current Real Value of $13.14 per share. The regular price of the fund is $12.94. At this time, the fund appears to be fairly valued. We determine the value of State Street Target from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued stocks and dropping overvalued stocks since, at some point, stock prices and their ongoing real values will draw towards each other.
Our valuation method for State Street Target is useful when determining the fair value of the State mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of State Street. Since State Street is currently traded on the exchange, buyers and sellers on that exchange determine the market value of State Mutual Fund. However, State Street's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
13.14
Real Value
14.08
Upside
Estimating the potential upside or downside of State Street Target helps investors to forecast how State mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of State Street more accurately as focusing exclusively on State Street's fundamentals will not take into account other important factors:
Hype
Prediction
LowEstimated ValueHigh
12.0012.9413.88
Details

State Street Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for State Street's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as State Street Target, and traders can use it to determine the average amount a State Street's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1781

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Negative ReturnsSSBSX
Estimated Market Risk
 0.94
  actual daily
 
 8 %
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88
Expected Return
 -0.17
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Risk-Adjusted Return
 -0.18
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Based on monthly moving average State Street is performing at about 0% 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.

About State Street Performance

To evaluate State Street Target Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when State Street generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare State Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand State Street Target stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents State's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks capital growth and income over the long term. State Street is traded on NASDAQ Exchange in the United States.

Things to note about State Street Target

Checking the ongoing alerts about State Street for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for State Street Target help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

State Street Alerts

Equity Alerts and Improvement Suggestions

State Street Target generated a negative expected return over the last 90 days
State Street Target is unlikely to experience financial distress in the next 2 years
The fund maintains about 40.63% of its assets in bonds
Additionally, take a look at World Market Map. Note that the State Street Target information on this page should be used as a complementary analysis to other State Street's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can 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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When running State Street Target 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 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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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 State Street value 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.