Saba Closed End Funds Etf Market Value
| CEFS Etf | USD 21.47 0.17 0.80% |
| Symbol | Saba |
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.
Saba Closed '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 Closed'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 Closed.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Saba Closed on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Saba Closed End Funds or generate 0.0% return on investment in Saba Closed over 90 days. Saba Closed is related to or 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 investin... More
Saba Closed 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 Closed'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 Closed End Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.128 | |||
| Maximum Drawdown | 3.36 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.1 |
Saba Closed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saba Closed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saba Closed's standard deviation. In reality, there are many statistical measures that can use Saba Closed historical prices to predict the future Saba Closed's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | 0.0133 | |||
| Total Risk Alpha | 0.0637 | |||
| Treynor Ratio | (0.07) |
Saba Closed End Backtested Returns
Currently, Saba Closed End Funds is very steady. Saba Closed End owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0316, which indicates the etf had a 0.0316 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Saba Closed End Funds, which you can use to evaluate the volatility of the etf. Please validate Saba Closed's Risk Adjusted Performance of (0.02), coefficient of variation of (5,802), and Variance of 0.4651 to confirm if the risk estimate we provide is consistent with the expected return of 0.0219%. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Saba Closed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saba Closed is expected to be smaller as well.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Saba Closed End Funds has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Saba Closed time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 Closed End price movement. The serial correlation of -0.77 indicates that around 77.0% of current Saba Closed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Saba Closed End lagged returns against current returns
Autocorrelation, which is Saba Closed 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 Closed's etf expected returns. We can calculate the autocorrelation of Saba Closed returns to help us make a trade decision. For example, suppose you find that Saba Closed 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 Closed 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 Closed etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saba Closed etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saba Closed etf over time.
Current vs Lagged Prices |
| Timeline |
Saba Closed Lagged Returns
When evaluating Saba Closed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saba Closed etf have on its future price. Saba Closed 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 Closed autocorrelation shows the relationship between Saba Closed etf current value and its past values and can show if there is a momentum factor associated with investing in Saba Closed End Funds.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Saba Closed technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.