Saba Closed End Funds Etf Profile
| CEFS Etf | USD 19.63 0.17 0.87% |
Performance10 of 100
| Odds Of DistressLess than 9
|
Saba Closed is selling for under 19.63 as of the 19th of April 2024; that is 0.87 percent up since the beginning of the trading day. The etf's lowest day price was 19.47. Saba Closed has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Saba Closed End Funds are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by normally investing at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds . More on Saba Closed End Funds
Moving together with Saba Etf
| 0.92 | TDSC | Cabana Target Drawdown | PairCorr |
| 0.93 | YYY | Amplify High me | PairCorr |
| 0.83 | TDSD | Exchange Traded Concepts | PairCorr |
| 0.9 | TDSB | Cabana Target Drawdown | PairCorr |
| 0.85 | TDSE | Exchange Traded Concepts | PairCorr |
| 0.94 | GMOM | Cambria Global Momentum | PairCorr |
| 0.77 | AGOX | Adaptive Alpha Oppor | PairCorr |
Moving against Saba Etf
| 0.66 | YCL | ProShares Ultra Yen | PairCorr |
| 0.6 | FXY | Invesco CurrencyShares | PairCorr |
Saba Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Saba Closed's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Saba Closed or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Target Outcome ETFs, Asset Allocation ETFs, Tactical Allocation, SABA ETF (View all Sectors) |
| Issuer | Exchange Traded Concepts |
| Inception Date | 2017-03-21 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 179.92 Million |
| Average Trading Valume | 45,776.7 |
| Asset Type | Multi Asset |
| Category | Asset Allocation |
| Focus | Target Outcome |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | Exchange Traded Concepts, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Boaz Weinstein, Pierre Weinstein, Paul Kazarian |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Nov |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 110 |
| Market Maker | Virtu Financial |
| Total Expense | 2.9 |
| Management Fee | 1.1 |
| Country Name | USA |
| Returns Y T D | 4.79 |
| Name | Saba Closed-End Funds ETF |
| Currency Code | USD |
| Open Figi | BBG00G3T5145 |
| In Threey Volatility | 15.37 |
| 1y Volatility | 16.36 |
| 200 Day M A | 18.7273 |
| 50 Day M A | 19.9577 |
| Code | CEFS |
| Updated At | 18th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.55 |
Saba Closed End Funds [CEFS] is traded in USA and was established 2017-03-20. The fund is listed under Tactical Allocation category and is part of SABA ETF family. The entity is thematically classified as Target Outcome ETFs. Saba Closed End currently have 81.26 M in assets under management (AUM). , while the total return for the last 3 years was 8.1%.
Check Saba Closed Probability Of Bankruptcy
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 Saba Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Saba Etf, 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 Saba Closed End Funds Etf, 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 Saba Closed End Funds Etf Constituents
| PHD | Pioneer Floating Rate | Etf | Financials |
| IDE | Voya Infrastructure Industrials | Etf | Asset Management |
| JQC | Nuveen Credit Strategies | Fund | Asset Management |
| NFJ | Virtus Dividend Interest | Fund | Asset Management |
| HIX | Western Asset High | Fund | Asset Management |
| BGB | Blackstone Gso Strategic | Fund | Asset Management |
| AOD | Aberdeen Total Dynamic | Fund | Asset Management |
Saba Closed Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of Saba Closed jumping above the current price in 90 days from now is about 47.3%. The Saba Closed End Funds probability density function shows the probability of Saba Closed etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Saba Closed has a beta of 0.7649 suggesting as returns on the market go up, Saba Closed average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Saba Closed End Funds will be expected to be much smaller as well. Additionally, saba Closed End Funds has an alpha of 0.0371, implying that it can generate a 0.0371 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Saba Closed to move above the current price in 90 days from now is about 47.3 (This Saba Closed End Funds probability density function shows the probability of Saba Etf to fall within a particular range of prices over 90 days) .
Saba Closed End Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Saba Closed market risk premium is the additional return an investor will receive from holding Saba Closed 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 Saba Closed. 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 Saba Closed's alpha and beta are two of the key measurements used to evaluate Saba Closed's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0886 | |||
| Jensen Alpha | 0.0371 | |||
| Total Risk Alpha | 0.0208 | |||
| Sortino Ratio | 0.0329 |
Saba Closed Against Markets
Picking the right benchmark for Saba Closed etf 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 Saba Closed etf 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 Saba Closed is critical whether you are bullish or bearish towards Saba Closed End Funds at a given time. Please also check how Saba Closed'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 Saba Closed 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?
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How to buy Saba Etf?
Before investing in Saba Closed, 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 Saba Closed. To buy Saba Closed etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Saba Closed. 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 Saba Closed etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Saba Closed End Funds etf 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 Saba Closed End Funds etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Saba Closed End Funds, 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 etf 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. For more information on how to buy Saba Etf please use our How to Invest in Saba Closed guide.
Already Invested in Saba Closed End Funds?
The danger of trading Saba Closed End Funds is mainly related to its market volatility and ETF 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 Saba Closed 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 Saba Closed. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Saba Closed End 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.
When determining whether Saba Closed End is a strong investment it is important to analyze Saba Closed's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Saba Closed's future performance. For an informed investment choice regarding Saba Etf, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Saba Closed End Funds. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Saba Closed End information on this page should be used as a complementary analysis to other Saba Closed'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 the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
The market value of Saba Closed End is measured differently than its book value, which is the value of Saba that is recorded on the company's balance sheet. Investors also form their own opinion of Saba Closed's value that differs from its market value or its book value, called intrinsic value, which is Saba Closed's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Saba Closed's market value can be influenced by many factors that don't directly affect Saba Closed's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Saba Closed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Saba Closed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saba Closed'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.