Saratoga Investment Corp. 8.50% Notes due 2028 (SAZ) Correlation Distribution
Across 6,063 rolling correlation observations between Saratoga Investment Corp. 8.50% Notes due 2028 (SAZ) and other NASDAQ-listed stocks, 58.2% are positive and 41.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.09, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.4% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,063
- Mean correlation
- 0.09
- Most common range
- 0.5 to 0.6
- Positive pairs
- 58.2%
- Strong positive (≥0.7)
- 3.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 461 | 7.6% | |
| -0.6 to -0.5 | 461 | 7.6% | |
| -0.5 to -0.4 | 382 | 6.3% | |
| -0.4 to -0.3 | 381 | 6.3% | |
| -0.3 to -0.2 | 277 | 4.6% | |
| -0.2 to -0.1 | 276 | 4.6% | |
| -0.1 to 0.0 | 258 | 4.3% | |
| 0.0 to 0.1 | 258 | 4.3% | |
| 0.1 to 0.2 | 332 | 5.5% | |
| 0.2 to 0.3 | 331 | 5.5% | |
| 0.3 to 0.4 | 498 | 8.2% | |
| 0.4 to 0.5 | 497 | 8.2% | |
| 0.5 to 0.6 | 703 | 11.6% | |
| 0.6 to 0.7 | 703 | 11.6% | |
| 0.7 to 0.8 | 105 | 1.7% | |
| 0.8 to 0.9 | 104 | 1.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SAZ?
Saratoga Investment Corp. 8.50% Notes due 2028 (SAZ) has an average correlation of about 0.09 with other NASDAQ stocks, based on 6,063 pairwise observations.
Is SAZ positively correlated with other stocks?
Mostly yes — 58.2% of pairs are positive and 41.8% are negative. Strong positive correlations (≥0.7) make up 3.4%.
What is the most common correlation range for SAZ?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.6% of all pairs.
Explore the full interactive correlation distribution for SAZ.
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