Saratoga Investment Correlations

SAJ Stock

USD 25.24 0.02 0.08%

The current 90-days correlation between Saratoga Investment Corp and SCCG is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Saratoga Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saratoga Investment Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Saratoga Investment Correlation With Market

Very good diversification

The correlation between Saratoga Investment Corp and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saratoga Investment Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Saratoga Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Saratoga Stock

0.64	XP	Xp Inc	Pair Corr
0.61	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.67	AHT-PF	Ashford Hospitality Trust	Pair Corr

Moving against Saratoga Stock

0.42	PW	Power REIT	Pair Corr
0.36	VALU	Value Line Normal Trading	Pair Corr

Related Correlations Analysis

	SCCG	RWAYL	RILYN	TRINL	RWAYZ
SCCG		0.37	0.55	0.0	0.33	SCCG
RWAYL	0.37		0.11	0.0	0.7	RWAYL
RILYN	0.55	0.11		0.0	0.06	RILYN
TRINL	0.0	0.0	0.0		0.0	TRINL
RWAYZ	0.33	0.7	0.06	0.0		RWAYZ
	SCCG	RWAYL	RILYN	TRINL	RWAYZ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RWAYZ	+ 0.7	RWAYL
RILYN	+ 0.55	SCCG
RWAYL	+ 0.37	SCCG
RWAYZ	+ 0.33	SCCG
RILYN	+ 0.11	RWAYL
RWAYZ	+ 0.06	RILYN

High negative correlations

RWAYZ	- 0.0	TRINL
TRINL	- 0.0	RILYN
TRINL	- 0.0	RWAYL
TRINL	- 0.0	SCCG

Risk-Adjusted Indicators

There is a big difference between Saratoga Stock performing well and Saratoga Investment Company 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 Saratoga Investment'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
SCCG	1.27	0.01	0.01	0.03	1.70	(1.27)	2.61	(3.39)	9.75
RWAYL	0.17	0.02	0.07	0.75	0.24	(0.19)	0.49	(0.41)	1.51
RILYN	1.67	0.22	0.12	0.52	1.74	(2.11)	4.56	(3.09)	10.94
TRINL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RWAYZ	0.15	0.02	0.14	(0.44)	0.00	(0.16)	0.32	(0.32)	0.88

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC