Score 8.8 (out of 10): STATE STREET sets up for +7.7% rally in 3 months

84

What’s Going On Here?

STATE STREET has posed a revenue of $3.05bn compared to $2.92bn a year ago. The company could also be a key beneficiary of higher interest rates as banks tend to profit from interest bearing excess reserves on their balance sheets.

Why Now?

STATE STREET CORP has triggered a new high volatility signal (3 month). During similar occasions, STATE STREET CORP shares had a median return of +7.7%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for STATE STREET CORP received a high score of 8.8 (out of 10). This insight was generated on 2022-February-17 with last price of 93.29.

What’s This Company About?

STATE STREET CORP is in the Fiduciary Banks business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth +23% (average). Ticker symbol: STT US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 100.84 (+7.7%) has been reached. Based on STATE STREET CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 89.85 (last price at 93.65), which is equivalent to a -4.1% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

4.2% (May-2020), 6.9% (March-2020), 8.4% (September-2019), 3.1% (November-2018), 5.2% (April-2018), 9.2% (February-2018), 14% (July- 2016), 11.7% (March-2016), -4.8% (January-2016), 11.8% (October-2015).

Historical Chart:

———————————————————————

Summary:

NameSTATE STREET CORP
ViewUp
Star (1 to 10)8.8
Target+7.7%
Time3 months
Hist Rate90%

Popular Insights:

INFOSYS has denied that the company is launching a crypto project. But the company continues to expand aggressively in Costa Rico. ‘Wall Street’ analysts’ think the shares will rally +22% over the next 12 months.

Leave a Reply