Saba Closed End Funds Etf Profile

CEFS Etf  USD 20.39  0.02  0.1%   

Performance

20 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Saba Closed is selling for under 20.39 as of the 28th of March 2024; that is -0.1 percent decrease since the beginning of the trading day. The etf's lowest day price was 20.22. Saba Closed has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Saba Closed End Funds are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
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 . More on Saba Closed End Funds

Moving together with Saba Etf

  0.95TDSC Cabana Target DrawdownPairCorr
  0.93YYY Amplify High mePairCorr
  0.87TDSD Exchange Traded ConceptsPairCorr
  0.77TDSB Cabana Target DrawdownPairCorr
  0.85TDSE Exchange Traded ConceptsPairCorr
  0.92GMOM Cambria Global MomentumPairCorr
  0.9AGOX Adaptive Alpha OpporPairCorr

Saba Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Saba Closed's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Saba Closed or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Business ConcentrationAsset Allocation ETFs, Target Outcome ETFs, Tactical Allocation, SABA ETF (View all Sectors)
IssuerExchange Traded Concepts
Inception Date2017-03-21
Entity TypeRegulated Investment Company
Asset Under Management180.1 Million
Average Trading Valume39,712.6
Asset TypeMulti Asset
CategoryAsset Allocation
FocusTarget Outcome
Market ConcentrationBlended Development
RegionGlobal
AdministratorThe Bank of New York Mellon Corporation
AdvisorExchange Traded Concepts, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Portfolio ManagerBoaz Weinstein, Pierre Weinstein, Paul Kazarian
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End30-Nov
ExchangeCboe BZX Exchange, Inc.
Number of Constituents103
Market MakerVirtu Financial
Total Expense2.9
Management Fee1.1
Country NameUSA
Returns Y T D9.9
NameSaba Closed-End Funds ETF
Currency CodeUSD
Open FigiBBG00G3T5145
In Threey Volatility15.28
1y Volatility16.18
200 Day M A18.595
50 Day M A19.6295
CodeCEFS
Updated At28th of March 2024
Currency NameUS Dollar
In Threey Sharp Ratio0.53
Saba Closed End Funds [CEFS] is traded in USA and was established 2017-03-20. The fund is listed under Tactical Allocation category and is part of SABA ETF family. The entity is thematically classified as Asset Allocation ETFs. Saba Closed-End Funds currently have 81.26 M in assets under management (AUM). , while the total return for the last 3 years was 10.6%.
Check Saba Closed Probability Of Bankruptcy

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Saba Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Saba Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Saba Closed End Funds Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Saba Closed End Funds Etf Constituents

NFJVirtus Dividend InterestFundAsset Management
IVHIVHEtfAsset Management
PHDPioneer Floating RateEtfFinancials
NRKNuveen New YorkFundAsset Management
SPESpecial Opportunities ClosedFundAsset Management
NCZAllianzgi Convertible IncomeFundAsset Management
IGDVoya Global EquityFundAsset Management
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Saba Closed Target Price Odds Analysis

Attributed to a normal probability distribution, the odds of Saba Closed jumping above the current price in 90 days from now is roughly 2.76%. The Saba Closed End Funds probability density function shows the probability of Saba Closed etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Saba Closed has a beta of 0.7727 suggesting as returns on the market go up, Saba Closed average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Saba Closed End Funds will be expected to be much smaller as well. Additionally, saba Closed End Funds has an alpha of 0.0536, implying that it can generate a 0.0536 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 20.39HorizonTargetOdds Above 20.39
97.18%90 days
 20.39 
2.76%
Based on a normal probability distribution, the odds of Saba Closed to move above the current price in 90 days from now is roughly 2.76 (This Saba Closed End Funds probability density function shows the probability of Saba Etf to fall within a particular range of prices over 90 days) .

Saba Closed-End Funds Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Saba Closed market risk premium is the additional return an investor will receive from holding Saba Closed long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Saba Closed. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Saba Closed's alpha and beta are two of the key measurements used to evaluate Saba Closed's performance over the market, the standard measures of volatility play an important role as well.

Saba Closed Against Markets

Picking the right benchmark for Saba Closed etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Saba Closed etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Saba Closed is critical whether you are bullish or bearish towards Saba Closed End Funds at a given time. Please also check how Saba Closed's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Saba Closed without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Risk-Return Analysis

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How to buy Saba Etf?

Before investing in Saba Closed, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Saba Closed. To buy Saba Closed etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Saba Closed. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Saba Closed etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Saba Closed End Funds etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Saba Closed End Funds etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Saba Closed End Funds, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Saba Etf please use our How to Invest in Saba Closed guide.

Already Invested in Saba Closed End Funds?

The danger of trading Saba Closed End Funds is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Saba Closed is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Saba Closed. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Saba Closed-End Funds is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Saba Closed-End Funds is a strong investment it is important to analyze Saba Closed's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Saba Closed's future performance. For an informed investment choice regarding Saba Etf, refer to the following important reports:
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 tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Saba Closed-End Funds information on this page should be used as a complementary analysis to other Saba Closed's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for Saba Etf analysis

When running Saba Closed's price analysis, check to measure Saba Closed's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Saba Closed is operating at the current time. Most of Saba Closed's value examination focuses on studying past and present price action to predict the probability of Saba Closed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saba Closed's price. Additionally, you may evaluate how the addition of Saba Closed to your portfolios can decrease your overall portfolio volatility.
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The market value of Saba Closed-End Funds 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.