Saratoga Investment Corp. 8.125% Notes due 2027 (SAY) Correlation Distribution
Across 6,314 rolling correlation observations between Saratoga Investment Corp. 8.125% Notes due 2027 (SAY) and other NASDAQ-listed stocks, 55.7% are positive and 44.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.07, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,314
- Mean correlation
- 0.07
- Most common range
- 0.3 to 0.4
- Positive pairs
- 55.7%
- 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 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 245 | 3.9% | |
| -0.6 to -0.5 | 244 | 3.9% | |
| -0.5 to -0.4 | 577 | 9.1% | |
| -0.4 to -0.3 | 577 | 9.1% | |
| -0.3 to -0.2 | 422 | 6.7% | |
| -0.2 to -0.1 | 422 | 6.7% | |
| -0.1 to 0.0 | 307 | 4.9% | |
| 0.0 to 0.1 | 306 | 4.8% | |
| 0.1 to 0.2 | 390 | 6.2% | |
| 0.2 to 0.3 | 389 | 6.2% | |
| 0.3 to 0.4 | 626 | 9.9% | |
| 0.4 to 0.5 | 625 | 9.9% | |
| 0.5 to 0.6 | 588 | 9.3% | |
| 0.6 to 0.7 | 587 | 9.3% | |
| 0.7 to 0.8 | 4 | 0.1% | |
| 0.8 to 0.9 | 3 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SAY?
Saratoga Investment Corp. 8.125% Notes due 2027 (SAY) has an average correlation of about 0.07 with other NASDAQ stocks, based on 6,314 pairwise observations.
Is SAY positively correlated with other stocks?
Mostly yes — 55.7% of pairs are positive and 44.3% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for SAY?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 35.4% of all pairs.
Explore the full interactive correlation distribution for SAY.
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