Saratoga Investment Corp. 8.00% Notes due 2027 (SAJ) Correlation Distribution
Across 6,353 rolling correlation observations between Saratoga Investment Corp. 8.00% Notes due 2027 (SAJ) and other NASDAQ-listed stocks, 56.4% are positive and 43.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.084, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,353
- Mean correlation
- 0.084
- Most common range
- 0.5 to 0.6
- Positive pairs
- 56.4%
- Strong positive (≥0.7)
- 0.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 141 | 2.2% | |
| -0.6 to -0.5 | 141 | 2.2% | |
| -0.5 to -0.4 | 577 | 9.1% | |
| -0.4 to -0.3 | 576 | 9.1% | |
| -0.3 to -0.2 | 469 | 7.4% | |
| -0.2 to -0.1 | 468 | 7.4% | |
| -0.1 to 0.0 | 398 | 6.3% | |
| 0.0 to 0.1 | 398 | 6.3% | |
| 0.1 to 0.2 | 414 | 6.5% | |
| 0.2 to 0.3 | 413 | 6.5% | |
| 0.3 to 0.4 | 571 | 9.0% | |
| 0.4 to 0.5 | 570 | 9.0% | |
| 0.5 to 0.6 | 606 | 9.5% | |
| 0.6 to 0.7 | 606 | 9.5% | |
| 0.7 to 0.8 | 3 | 0.0% | |
| 0.8 to 0.9 | 2 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SAJ?
Saratoga Investment Corp. 8.00% Notes due 2027 (SAJ) has an average correlation of about 0.084 with other NASDAQ stocks, based on 6,353 pairwise observations.
Is SAJ positively correlated with other stocks?
Mostly yes — 56.4% of pairs are positive and 43.6% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for SAJ?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 40.3% of all pairs.
Explore the full interactive correlation distribution for SAJ.
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