Saratoga Small Correlations
| SSCCX Fund | USD 0.39 0.00 0.00% |
The current 90-days correlation between Saratoga Small Capit and Siit Ultra Short is -0.14 (i.e., Good diversification). The correlation of Saratoga Small 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Saratoga Small Correlation With Market
Weak diversification
The correlation between Saratoga Small Capitalization and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saratoga Small Capitalization and DJI in the same portfolio, assuming nothing else is changed.
Saratoga |
Moving together with Saratoga Mutual Fund
| 0.66 | SABAX | Salient Alternative Beta | PairCorr |
| 0.65 | SABIX | Aggressive Balanced | PairCorr |
| 0.65 | SAMAX | Moderately Aggressive | PairCorr |
| 0.67 | SAMCX | Salient Mlp Fund | PairCorr |
| 0.73 | SSCPX | Small Capitalization | PairCorr |
| 0.62 | SSCYX | Small Capitalization | PairCorr |
| 0.68 | SBMBX | Energy Basic Materials | PairCorr |
| 0.67 | SBMCX | Moderate Balanced | PairCorr |
| 0.63 | SCAAX | Conservative Balanced | PairCorr |
| 0.64 | SUMCX | Conservative Balanced | PairCorr |
| 0.64 | SEPIX | Energy Basic Materials | PairCorr |
| 0.66 | SMACX | Moderately Servative | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Saratoga Mutual Fund performing well and Saratoga Small Mutual Fund 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 Small'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUSAX | 0.04 | 0.01 | (0.85) | (0.20) | 0.00 | 0.10 | 0.50 | |||
| TSDCX | 0.03 | 0.00 | 0.00 | 0.04 | 0.00 | 0.11 | 0.43 | |||
| FTFZX | 0.05 | 0.01 | (0.84) | (1.12) | 0.00 | 0.19 | 0.39 | |||
| FOSPX | 0.08 | 0.01 | (0.71) | (1.81) | 0.00 | 0.22 | 0.66 | |||
| BSBIX | 0.04 | 0.01 | 0.00 | 0.65 | 0.00 | 0.11 | 0.21 | |||
| TEPFX | 0.06 | 0.01 | (0.72) | 6.89 | 0.00 | 0.10 | 0.41 | |||
| ATOAX | 0.03 | 0.01 | 0.00 | (0.86) | 0.00 | 0.20 | 0.30 |