Saba Closed Competition
| CEFS Etf | USD 23.41 0.16 0.69% |
Saba Closed vs Return Stacked Correlation
Almost no diversification
The correlation between Saba Closed End Funds and RSSB is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saba Closed End Funds and RSSB in the same portfolio, assuming nothing else is changed.
Moving together with Saba Etf
| 0.75 | MNA | IQ Merger Arbitrage | PairCorr |
| 0.7 | MARB | First Trust Vivaldi | PairCorr |
| 0.82 | ARB | AltShares Trust | PairCorr |
Moving against Saba Etf
Saba Closed Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Saba Closed and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Saba and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Saba Closed End does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Saba Closed Constituents Risk-Adjusted Indicators
There is a big difference between Saba Etf performing well and Saba Closed ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Saba Closed's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MRSK | 0.58 | 0.01 | (0.01) | 0.06 | 0.85 | 1.10 | 4.41 | |||
| FIXT | 0.14 | 0.00 | (0.21) | 0.04 | 0.16 | 0.29 | 1.02 | |||
| BBLU | 0.51 | (0.04) | (0.08) | (0.01) | 0.63 | 1.00 | 3.03 | |||
| EWN | 0.84 | 0.12 | 0.11 | 0.18 | 0.91 | 1.65 | 4.87 | |||
| PEJ | 0.70 | 0.01 | 0.00 | 0.06 | 0.84 | 1.49 | 4.52 | |||
| TBFC | 0.26 | 0.04 | 0.01 | 0.16 | 0.21 | 0.57 | 1.42 | |||
| BKCH | 3.75 | (0.47) | 0.00 | (0.21) | 0.00 | 8.17 | 21.79 | |||
| HEQT | 0.29 | 0.01 | (0.04) | 0.08 | 0.33 | 0.59 | 2.14 | |||
| METV | 0.96 | (0.19) | 0.00 | (0.14) | 0.00 | 1.61 | 7.13 | |||
| RSSB | 0.72 | 0.02 | 0.01 | 0.08 | 0.96 | 1.25 | 5.85 |
Saba Closed Competitive Analysis
The better you understand Saba Closed competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Saba Closed's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Saba Closed's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Saba Closed Competition Performance Charts
Five steps to successful analysis of Saba Closed Competition
Saba Closed's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Saba Closed End in relation to its competition. Saba Closed's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Saba Closed in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Saba Closed's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Saba Closed End, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Saba Closed position
In addition to having Saba Closed 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 SPAC Thematic Idea Now
SPAC
Entities that are involved in raising capital, merging with and acquiring companies, and investing in private equity through leveraged buyouts. The SPAC theme has 1 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 SPAC Theme or any other thematic opportunities.
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Check out Saba Closed Correlation with its peers.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Investors evaluate Saba Closed End using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Saba Closed's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. External factors like market trends, sector rotation, and investor psychology can cause Saba Closed's market price to deviate significantly from intrinsic value.
It's important to distinguish between Saba Closed's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Saba Closed should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Saba Closed's market price signifies the transaction level at which participants voluntarily complete trades.