Saratoga Investment Corp. 8.50% Notes due 2028 (SAZ) — Stock Correlations & Overview
Over the past year, SAZ has moved most closely with RWAYL, SAY, SAT. Explore the stocks most correlated and inversely correlated with SAZ below, along with its price, financials, and company profile.
Stocks correlated with SAZ
Correlation of daily returns. Higher positive values move with SAZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with SAZ
| Symbol | Company | Correlation |
|---|---|---|
| RWAYL | Runway Growth Finance Corp. 7.50% Notes due 2027 | 0.54 |
| SAY | Saratoga Investment Corp. 8.125% Notes due 2027 | 0.49 |
| SAT | Saratoga Investment Corp. 6.00% Notes due 2027 | 0.47 |
| DUKpA | Duke Energy Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred StockELECTRIC & OTHER SERVICES COMBINED | 0.47 |
| AOMD | Angel Oak Mortgage REIT, Inc. 9.750% Senior Notes due 2030REAL ESTATE | 0.47 |
Most inversely correlated with SAZ
| Symbol | Company | Correlation |
|---|---|---|
| FLDDW | Fold Holdings, Inc. WarrantFINANCE SERVICES | -0.25 |
| IMXI | International Money Express, Inc.SERVICES-BUSINESS SERVICES, NEC | -0.24 |
| DAAQ | Digital Asset Acquisition Corp. Class A Ordinary sharesSTATE COMMERCIAL BANKS | -0.24 |
| HCWB | HCW Biologics Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.24 |
| EPV | ProShares UltraShort FTSE Europe | -0.23 |
Frequently asked questions about SAZ correlations
- Which stocks are most correlated with SAZ?
- Based on one year of daily returns, the stocks most correlated with Saratoga Investment Corp. 8.50% Notes due 2028 (SAZ) are RWAYL (0.54), SAY (0.49) and SAT (0.47). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SAZ?
- Over the past year, the stocks most inversely correlated with Saratoga Investment Corp. 8.50% Notes due 2028 (SAZ) are FLDDW (-0.25), IMXI (-0.24) and DAAQ (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SAZ correlations calculated?
- We compute the correlation of daily returns between SAZ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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