Saba Closed Financials
| CEFS Etf | USD 22.37 0.08 0.36% |
Net Expense Ratio 0.0581 | 3 y Sharp Ratio 0.63 |
Saba |
The data published in Saba Closed's official financial statements typically reflect Saba Closed's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Saba Closed's quantitative information. For example, before you start analyzing numbers published by Saba accountants, it's essential to understand Saba Closed's liquidity, profitability, and earnings quality within the context of the SABA ETF space in which it operates.
Please note, the imprecision that can be found in Saba Closed's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Saba Closed End Funds. Check Saba Closed's Beneish M Score to see the likelihood of Saba Closed's management manipulating its earnings.
Saba Closed Etf Summary
Saba Closed competes with First Trust, Invesco CEF, GraniteShares HIPS, Amplify High, and Global X. 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 . Exchange Listed is traded on BATS Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | BATS Exchange |
| ISIN | US30151E8066 |
| CUSIP | 30151E806 |
| Region | Global |
| Investment Issuer | Exchange Traded Concepts |
| Etf Family | SABA ETF |
| Fund Category | Asset Allocation |
| Portfolio Concentration | Target Outcome |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Saba Closed Key Financial Ratios
Saba Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Saba Closed's current stock value. Our valuation model uses many indicators to compare Saba Closed value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Saba Closed competition to find correlations between indicators driving Saba Closed's intrinsic value. More Info.Saba Closed End Funds is the top ETF in beta as compared to similar ETFs. It also is the top ETF in one year return as compared to similar ETFs reporting about 23.59 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Saba Closed by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Saba Closed End Systematic Risk
Saba Closed's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Saba Closed volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Saba Closed End correlated with the market. If Beta is less than 0 Saba Closed generally moves in the opposite direction as compared to the market. If Saba Closed Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Saba Closed End is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Saba Closed is generally in the same direction as the market. If Beta > 1 Saba Closed moves generally in the same direction as, but more than the movement of the benchmark.
Steps to analyze company Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Saba Closed is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Saba has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Saba Closed's financials are consistent with your investment objective using the following steps:- Review Saba Closed's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Saba Closed's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Saba Closed's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Saba Closed's stock is overvalued or undervalued.
Saba Closed Thematic Clasifications
Saba Closed End Funds is part of several thematic ideas from Asset Allocation ETFs to Target Outcome ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasSaba Closed February 7, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Saba Closed help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Saba Closed End Funds. We use our internally-developed statistical techniques to arrive at the intrinsic value of Saba Closed End Funds based on widely used predictive technical indicators. In general, we focus on analyzing Saba Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Saba Closed's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.7037 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.38 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.22 |
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 closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.