Saba Capital Price To Sales vs. Beta
| SABA Etf | 8.89 0.09 1.00% |
For Saba Capital profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Saba Capital to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Saba Capital Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Saba Capital's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Saba Capital Income over time as well as its relative position and ranking within its peers.
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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 Income Beta vs. Price To Sales Fundamental Analysis
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. Saba Capital Income is rated fourth largest ETF in price to sales as compared to similar ETFs. It is rated below average in beta as compared to similar ETFs totaling about 0.56 of Beta per Price To Sales. The ratio of Price To Sales to Beta for Saba Capital Income is roughly 1.78 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Saba Capital's earnings, one of the primary drivers of an investment's value.Saba Beta vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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| = | 2.01 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
Saba Capital |
| = | 1.13 |
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.
Saba Beta Comparison
Saba Capital is rated below average in beta as compared to similar ETFs.
Beta Analysis
Saba Capital returns are very sensitive to returns on the market. As the market goes up or down, Saba Capital is expected to follow.
Saba Capital Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Saba Capital, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Saba Capital will eventually generate negative long term returns. The profitability progress is the general direction of Saba Capital's change in net profit over the period of time. It can combine multiple indicators of Saba Capital, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Saba Capital Income Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P. Morgan Global Government Bond Index. Saba Capital Income Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.
Saba Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Saba Capital. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Saba Capital position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Saba Capital's important profitability drivers and their relationship over time.
Use Saba Capital in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Saba Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Saba Capital will appreciate offsetting losses from the drop in the long position's value.Saba Capital Pair Trading
Saba Capital Income Pair Trading Analysis
The ability to find closely correlated positions to Saba Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Saba Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Saba Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Saba Capital Income to buy it.
The correlation of Saba Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Saba Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saba Capital Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Saba Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Saba Capital position
In addition to having Saba Capital in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Real Estate Thematic Idea Now
Real Estate
Publicly traded companies that are involved in real estate development, property maintenance and management of real estate investment trusts (REIT) funds. The Real Estate theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Real Estate Theme or any other thematic opportunities.
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Other Information on Investing in Saba Etf
To fully project Saba Capital's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Saba Capital Income at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Saba Capital's income statement, its balance sheet, and the statement of cash flows.