Saba Capital Income Etf Profile

BRW Etf  USD 7.29  0.05  0.68%   

Performance

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Odds Of Distress

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Saba Capital is selling for under 7.29 as of the 29th of March 2024; that is -0.68 percent decrease since the beginning of the trading day. The etf's lowest day price was 7.27. Saba Capital has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Saba Capital Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Saba Capital Income Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. Saba Capital is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange. The company has 85.06 M outstanding shares of which 38.63 K shares are currently shorted by investors with about 0.37 days to cover. More on Saba Capital Income

Moving together with Saba Etf

  0.8YCL ProShares Ultra YenPairCorr

Moving against Saba Etf

  0.53CEFD ETRACS Monthly PayPairCorr
  0.53VOO Vanguard SP 500 Sell-off TrendPairCorr
  0.53IVV IShares Core SPPairCorr
  0.48MSOS AdvisorShares PurePairCorr
  0.45PFFL ETRACS 2xMonthly Pay Potential GrowthPairCorr
  0.45DSJA DSJAPairCorr
  0.44DGRO IShares Core DividendPairCorr

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 Capital's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Saba Capital or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chief Executive OfficerPierre Weinstein
Old Names[Brewin Dolphin Holdings PLC, Breakaway Resources Ltd]
Business ConcentrationBank Loan, Asset Management, Financial Services (View all Sectors)
Update Date31st of March 2024
Nav8.06
Prev Close Price7.2
Country NameUSA
CodeBRW
I S I NUS78518H2022
NameSaba Capital Income Opportunities Fund
Currency NameUS Dollar
Currency CodeUSD
Open FigiBBG000C7HM76
TypeFUND
Expense Ratio2.31
Saba Capital Income [BRW] is traded in USA and was established 1988-05-12. The fund is not filed under any group at the present time. Saba Capital me currently have in assets under management (AUM). The fund is currently generating return of 0.52% with the current yeild of 0.01%, while the total return for the last 3 years was 3.77%. Saba Capital Income has about 863.17 K in cash with 239.49 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Check Saba Capital Probability Of Bankruptcy

Saba Capital Target Price Odds Analysis

Depending on a normal probability distribution, the odds of Saba Capital jumping above the current price in 90 days from now is about 56.11%. The Saba Capital Income probability density function shows the probability of Saba Capital etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Saba Capital has a beta of 0.168 suggesting as returns on the market go up, Saba Capital average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Saba Capital Income will be expected to be much smaller as well. Additionally, saba Capital Income has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 7.29HorizonTargetOdds Above 7.29
43.30%90 days
 7.29 
56.11%
Based on a normal probability distribution, the odds of Saba Capital to move above the current price in 90 days from now is about 56.11 (This Saba Capital Income probability density function shows the probability of Saba Etf to fall within a particular range of prices over 90 days) .

Saba Capital me Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Saba Capital market risk premium is the additional return an investor will receive from holding Saba Capital 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 Capital. 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 Capital's alpha and beta are two of the key measurements used to evaluate Saba Capital's performance over the market, the standard measures of volatility play an important role as well.

Saba Capital Against Markets

Picking the right benchmark for Saba Capital 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 Capital 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 Capital is critical whether you are bullish or bearish towards Saba Capital Income at a given time. Please also check how Saba Capital'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 Capital 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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How to buy Saba Etf?

Before investing in Saba Capital, 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 Capital. To buy Saba Capital etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Saba Capital. 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 Capital etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Saba Capital Income 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 Capital Income 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 Capital Income, 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.

Already Invested in Saba Capital Income?

The danger of trading Saba Capital Income 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 Capital 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 Capital. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Saba Capital me 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Saba Capital Income. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running Saba Capital's price analysis, check to measure Saba Capital'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 Capital is operating at the current time. Most of Saba Capital's value examination focuses on studying past and present price action to predict the probability of Saba Capital'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 Capital's price. Additionally, you may evaluate how the addition of Saba Capital to your portfolios can decrease your overall portfolio volatility.
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The market value of Saba Capital me 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.