Saba Capital Income Etf Fundamentals
| BRW Etf | USD 7.64 0.03 0.39% |
Saba Capital Income fundamentals help investors to digest information that contributes to Saba Capital's financial success or failures. It also enables traders to predict the movement of Saba Etf. The fundamental analysis module provides a way to measure Saba Capital's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Saba Capital etf.
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Saba Capital Income ETF Beta Analysis
Saba Capital's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Saba Capital Beta | 0.66 |
Most of Saba Capital's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Saba Capital Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Saba Capital Income has a Beta of 0.66. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The beta for all United States etfs is notably lower than that of the firm.
Saba Capital Income Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Saba Capital's current stock value. Our valuation model uses many indicators to compare Saba Capital value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Saba Capital competition to find correlations between indicators driving Saba Capital's intrinsic value. More Info.Saba Capital Income is second largest ETF in price to earning as compared to similar ETFs. It is the top ETF in price to book as compared to similar ETFs fabricating about 0.09 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Saba Capital Income is roughly 10.74 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Saba Capital 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 Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Saba Capital's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Saba Capital could also be used in its relative valuation, which is a method of valuing Saba Capital by comparing valuation metrics of similar companies.Saba Capital is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, Saba Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saba Capital is expected to be smaller as well.
Saba Fundamentals
| Return On Equity | 7.01 | ||||
| Return On Asset | 1.36 | ||||
| Profit Margin | 86.63 % | ||||
| Operating Margin | 54.74 % | ||||
| Current Valuation | 403.38 M | ||||
| Shares Outstanding | 85.06 M | ||||
| Shares Owned By Institutions | 60.09 % | ||||
| Number Of Shares Shorted | 38.63 K | ||||
| Price To Earning | 17.62 X | ||||
| Price To Book | 1.64 X | ||||
| Price To Sales | 42.66 X | ||||
| Revenue | 16.09 M | ||||
| Gross Profit | 16.09 M | ||||
| Net Income | 13.94 M | ||||
| Cash And Equivalents | 863.17 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 112.5 M | ||||
| Debt To Equity | 0.28 % | ||||
| Current Ratio | 1.14 X | ||||
| Book Value Per Share | 4.92 X | ||||
| Cash Flow From Operations | 239.49 M | ||||
| Short Ratio | 0.37 X | ||||
| Earnings Per Share | 0.46 X | ||||
| Number Of Employees | 14 | ||||
| Beta | 0.66 | ||||
| Market Capitalization | 367.45 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 9.65 % | ||||
| One Year Return | 10.47 % | ||||
| Three Year Return | 6.71 % | ||||
| Five Year Return | 3.92 % | ||||
| Last Dividend Paid | 1.01 |
About Saba Capital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Saba Capital Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Saba Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Saba Capital Income based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Saba Capital Income Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years. It benchmarks the performance of its portfolio against the SPLSTA Leveraged Loan Index. The fund was formerly known as Voya Prime Rate Trust. Saba Capital Income Opportunities Fund was formed on December 2, 1987 and is domiciled in the United States.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Saba Etf
Saba Capital financial ratios help investors to determine whether Saba Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Saba with respect to the benefits of owning Saba Capital security.