Saratoga Investment Correlations
| SAR Stock | USD 23.39 0.02 0.09% |
The correlation of Saratoga Investment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Saratoga Investment Corp and NYA is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saratoga Investment Corp and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Saratoga Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Saratoga Investment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Saratoga Investment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Saratoga Investment Corp to buy it.
Moving together with Saratoga Stock
Moving against Saratoga Stock
| 0.55 | MA | Mastercard Sell-off Trend | PairCorr |
| 0.41 | V | Visa Class A Financial Report 23rd of July 2024 | PairCorr |
| 0.46 | BXMT | Blackstone Mortgage Trust | PairCorr |
Related Correlations Analysis
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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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NMFC | 0.51 | 0.00 | (0.06) | 0.08 | 0.64 | 1.11 | 3.86 | |||
| TCPC | 0.83 | (0.01) | (0.05) | 0.03 | 1.14 | 1.65 | 5.28 | |||
| CGBD | 0.80 | 0.30 | 0.21 | (7.25) | 0.61 | 1.88 | 7.88 | |||
| TSLX | 0.70 | 0.01 | (0.05) | 0.13 | 1.16 | 1.16 | 6.69 | |||
| WHF | 0.86 | 0.07 | 0.02 | 0.44 | 0.92 | 1.88 | 4.43 | |||
| HRZN | 0.83 | (0.17) | 0.00 | (2.44) | 0.00 | 1.69 | 7.70 | |||
| GLAD | 0.79 | 0.18 | 0.08 | 1.22 | 1.27 | 1.62 | 6.60 | |||
| PFLT | 0.56 | (0.01) | (0.05) | 0.05 | 0.65 | 1.27 | 2.97 | |||
| FDUS | 0.60 | 0.09 | 0.04 | 0.87 | 0.48 | 1.09 | 5.09 | |||
| HTGC | 0.75 | 0.20 | 0.15 | 1.52 | 0.66 | 1.41 | 6.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Saratoga Investment 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.Did you try this?
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Saratoga Investment Corporate Directors
Saratoga Investment corporate directors refer to members of a Saratoga Investment board of directors. The board of directors generally takes responsibility for the Saratoga Investment's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Saratoga Investment's board members must vote for the resolution. The Saratoga Investment board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Steven Looney | Independent Director | Profile | |
| Cabell Williams | Independent Director | Profile | |
| Charles Whitman | Independent Director | Profile | |
| Paul West | Managing Director | Profile |
Already Invested in Saratoga Investment Corp?
The danger of trading Saratoga Investment Corp is mainly related to its market volatility and Company 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 Saratoga Investment 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 Saratoga Investment. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Saratoga Investment Corp 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.
When determining whether Saratoga Investment Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Saratoga Investment's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Saratoga Investment Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Saratoga Investment Corp Stock: 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 tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Saratoga Investment Corp information on this page should be used as a complementary analysis to other Saratoga Investment's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Saratoga Stock analysis
When running Saratoga Investment's price analysis, check to measure Saratoga Investment'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 Saratoga Investment is operating at the current time. Most of Saratoga Investment's value examination focuses on studying past and present price action to predict the probability of Saratoga Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saratoga Investment's price. Additionally, you may evaluate how the addition of Saratoga Investment to your portfolios can decrease your overall portfolio volatility.
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Is Saratoga Investment's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Saratoga Investment. If investors know Saratoga will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Saratoga Investment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.76) | Dividend Share 2.86 | Earnings Share 0.71 | Revenue Per Share 11.342 | Quarterly Revenue Growth 0.152 |
The market value of Saratoga Investment Corp is measured differently than its book value, which is the value of Saratoga that is recorded on the company's balance sheet. Investors also form their own opinion of Saratoga Investment's value that differs from its market value or its book value, called intrinsic value, which is Saratoga Investment'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 Saratoga Investment's market value can be influenced by many factors that don't directly affect Saratoga Investment'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 Saratoga Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Saratoga Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saratoga Investment'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.