The yoga is the limb of the panchanga that has no counterpart in the sky. Nothing about the day looks different when one ends and the next begins. Where the tithi measures the Moon's separation FROM the Sun, the yoga measures the two longitudes ADDED together, and cuts the resulting circle into twenty seven equal arcs of thirteen degrees twenty minutes. Saubhagya is the arc from 40 degrees 00 minutes to 53 degrees 20 minutes of that sum. The sum climbs at roughly fourteen degrees ten minutes a day, so a yoga runs about twenty two and a half hours on average, a little shorter than a tithi, and like a tithi it can be skipped between two sunrises or carried across two of them.
The twenty seven arcs are the same width as the twenty seven nakshatras, and Saubhagya is the fourth arc of the grid in both schemes, which is why the two are often tabulated side by side. They are not the same thing and share nothing but their arithmetic: a nakshatra is a segment of the sky the Moon is physically standing in, while a yoga is a number derived from two positions and belongs to no part of the sky at all. Reading a yoga as a star group is the commonest confusion the term invites, and the shared name of the fourth position, Rohini, is where it usually starts.
Saubhagya sits among the eighteen yogas classed as favourable. That count matters more than it looks: with eighteen of twenty seven benign, the yoga is a weak filter on its own, and the classical muhurta writers use it as a tie breaker between candidate times rather than as a reason to reject one. A day is not made auspicious by its yoga alone.