Statistical properties of storm time magnetospheric activity are examined using superposed epoch analysis. We show that about half of storm time auroral electrojet activations have signatures that are typical of nonstorm substorms, including geostationary orbit injections and magnetic field dipolarizations. Analysis of a separate data set of sawtooth events shows that they have auroral and inner magnetosphere characteristics that are quite similar to those found generally during storm time activity. Hence it is concluded that the sawtooth events do not represent a specific class of magnetospheric activity. Examination of the solar wind and IMF properties showed that about 30% of storm time substorm-like activations and about 20% of the sawtooth oscillations have associated solar wind or IMF triggers and that triggering is more likely during high solar wind pressure and fluctuating IMF. The solar wind-magnetosphere coupling efficiency is shown to be independent of the solar wind Mach number or level of IMF fluctuations but dependent on the level of driving; when E-Y is small, the ionospheric dissipation, ring current intensification, and geostationary field stretching are relatively larger than when the driving E-Y is large.