Saba Closed End Funds Etf Price on October 24, 2023
| CEFS Etf | USD 20.81 0.15 0.72% |
Below is the normalized historical share price chart for Saba Closed End Funds extending back to March 21, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Saba Closed stands at 20.81, as last reported on the 10th of June, with the highest price reaching 21.00 and the lowest price hitting 20.73 during the day.
If you're considering investing in Saba Etf, it is important to understand the factors that can impact its price. We consider Saba Closed very steady. Saba Closed End owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Saba Closed End Funds, which you can use to evaluate the volatility of the etf. Please validate Saba Closed's Coefficient Of Variation of 619.76, risk adjusted performance of 0.1008, and Semi Deviation of 0.4962 to confirm if the risk estimate we provide is consistent with the expected return of 0.0924%.
Saba Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 15.82 | 200 Day MA 19.04 | 1 y Volatility 16.94 | 50 Day MA 20.3484 | Inception Date 2017-03-20 |
Saba |
Sharpe Ratio = 0.1415
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | CEFS | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.65 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Saba Closed is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Saba Closed by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 38.3 K |
Saba Closed Valuation on October 24, 2023
It is possible to determine the worth of Saba Closed on a given historical date. On October 24, 2023 Saba was worth 16.93 at the beginning of the trading date compared to the closed value of 16.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Saba Closed etf. Still, in general, we apply an absolute valuation method to find Saba Closed's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Saba Closed where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Saba Closed's related companies.
| Open | High | Low | Close | Volume | |
| 16.80 | 16.85 | 15.82 | 15.82 | 41,873 | |
10/24/2023 | 16.93 | 16.99 | 16.04 | 16.04 | 34,313 |
| 16.99 | 16.99 | 15.81 | 15.81 | 69,816 |
| Backtest Saba Closed | | | Saba Closed History | | | Saba Closed Valuation | Previous | Next |
Saba Closed Trading Date Momentum on October 24, 2023
| On October 25 2023 Saba Closed End Funds was traded for 15.81 at the closing time. The top price for the day was 16.99 and the lowest listed price was 15.81 . The trading volume for the day was 69.8 K. The trading history from October 25, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.43% . The trading price change against the current closing price is 8.48% . |
Saba Closed End Fundamentals Correlations and Trends
By evaluating Saba Closed's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Saba Closed's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Saba financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Saba Closed Etf history
Saba Closed investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Saba is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Saba Closed End will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Saba Closed stock prices may prove useful in developing a viable investing in Saba Closed
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 . Exchange Listed is traded on BATS Exchange in the United States.
Saba Closed Etf Technical Analysis
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.
Price Boundaries
Saba Closed Period Price Range
Low | October 24, 2023
| High |
16.93 | 16.04 |
Saba Closed June 10, 2024 Market Strength
Market strength indicators help investors to evaluate how Saba Closed etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Saba Closed shares will generate the highest return on investment. By undertsting and applying Saba Closed etf market strength indicators, traders can identify Saba Closed End Funds entry and exit signals to maximize returns
Saba Closed Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Saba Closed's price direction in advance. Along with the technical and fundamental analysis of Saba Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Saba to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 0.0891 | |||
| Total Risk Alpha | 0.0867 | |||
| Sortino Ratio | 0.1348 | |||
| Treynor Ratio | 0.1305 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Information and Resources on Investing in Saba Etf
When determining whether Saba Closed End 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 closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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.