Saba Capital Income Etf Market Value
| BRW Etf | USD 7.91 0.07 0.89% |
| Symbol | Saba |
The market value of Saba Capital Income 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 Capital's value that differs from its market value or its book value, called intrinsic value, which is Saba Capital'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 Capital's market value can be influenced by many factors that don't directly affect Saba Capital'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 Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Saba Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saba Capital'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.
Saba Capital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Saba Capital's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Saba Capital.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Saba Capital on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Saba Capital Income or generate 0.0% return on investment in Saba Capital over 30 days. Saba Capital is related to or competes with Blackstone Gso, Eaton Vance, Western Asset, Western Asset, Blackstone Gso, BlackRock Floating, and Calamos LongShort. Saba Capital Income Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management... More
Saba Capital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Saba Capital's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Saba Capital Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6012 | |||
| Information Ratio | 0.0812 | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.9009 |
Saba Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saba Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saba Capital's standard deviation. In reality, there are many statistical measures that can use Saba Capital historical prices to predict the future Saba Capital's volatility.| Risk Adjusted Performance | 0.2278 | |||
| Jensen Alpha | 0.1577 | |||
| Total Risk Alpha | 0.0759 | |||
| Sortino Ratio | 0.0683 | |||
| Treynor Ratio | (1.12) |
Saba Capital Income Backtested Returns
At this stage we consider Saba Etf to be very steady. Saba Capital Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.31, which indicates the etf had a 0.31% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Saba Capital Income, which you can use to evaluate the volatility of the etf. Please validate Saba Capital's Standard Deviation of 0.5059, downside deviation of 0.6012, and Risk Adjusted Performance of 0.2278 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Saba Capital are expected to decrease at a much lower rate. During the bear market, Saba Capital is likely to outperform the market.
Auto-correlation | 0.89 |
Very good predictability
Saba Capital Income has very good predictability. Overlapping area represents the amount of predictability between Saba Capital time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Saba Capital Income price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Saba Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Saba Capital Income lagged returns against current returns
Autocorrelation, which is Saba Capital etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Saba Capital's etf expected returns. We can calculate the autocorrelation of Saba Capital returns to help us make a trade decision. For example, suppose you find that Saba Capital has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Saba Capital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Saba Capital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saba Capital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saba Capital etf over time.
Current vs Lagged Prices |
| Timeline |
Saba Capital Lagged Returns
When evaluating Saba Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saba Capital etf have on its future price. Saba Capital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Saba Capital autocorrelation shows the relationship between Saba Capital etf current value and its past values and can show if there is a momentum factor associated with investing in Saba Capital Income.
Regressed Prices |
| Timeline |
Also Currently Popular
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.