Saratoga Small Correlations

SSCYX
 Fund
  

USD 6.47  0.08  1.22%   

The correlation of Saratoga Small is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Saratoga Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saratoga Small Capitalization moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Additionally, take a look at World Market Map.
  
The ability to find closely correlated positions to Saratoga Small could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Saratoga Small when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Saratoga Small - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Saratoga Small Capitalization to buy it.

Moving together with Saratoga Small

0.85VSGAXVanguard Small-Cap GrowthPairCorr
0.93VISGXVanguard Index TrustPairCorr
0.93VSGIXVanguard Small-Cap GrowthPairCorr
0.88VEXRXVanguard ExplorerPairCorr
0.88VEXPXVanguard ExplorerPairCorr
0.95JATTXJanus Henderson TritonPairCorr
0.95JGMAXJanus Henderson TritonPairCorr
0.86JGMNXJanus Henderson TritonPairCorr
0.82NBGEXNeuberger Berman GenesisPairCorr
0.82NBGNXNeuberger Berman GenesisPairCorr
0.96VITSXVanguard Index TrustPairCorr
0.96VSTSXVanguard Total StockPairCorr
0.88VTSAXVanguard Total StockPairCorr
0.96VSMPXVanguard Total StockPairCorr
0.88VTSMXVanguard Index TrustPairCorr
0.88VFINXVanguard Index Trust Low VolatilityPairCorr
0.96VFFSXVanguard 500 Index Low VolatilityPairCorr
0.88VFIAXVanguard 500 Index Low VolatilityPairCorr
0.75VTSNXVanguard Total InterPairCorr
0.75VTISXVanguard Total InterPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FUBER
AMSFT
AF
FMSFT
FTWTR
UBERTWTR
  
High negative correlations   

Saratoga Small Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Saratoga Mutual Fund performing well and Saratoga Small Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Saratoga Small's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.92  0.19  0.06  0.26  2.80  0.07 (1.94)  4.00 (5.00)  17.65 
MSFT 1.55  0.07  0.05  0.13  1.90  0.0473 (1.73)  2.98 (4.10)  7.83 
UBER 3.38  0.33  0.09  0.28  3.87  0.08 (3.55)  6.40 (7.08)  24.03 
F 2.38  0.22  0.09  0.19  2.83  0.1 (2.49)  5.15 (4.03)  12.24 
T 1.08 (0.17)  0.00 (0.18)  0.00 (0.13)  0.00  1.82 (2.45)  10.60 
A 1.84  0.16  0.09  0.22  1.84  0.07 (2.15)  4.88 (3.15)  8.98 
CRM 2.35  0.11  0.06  0.14  2.75  0.05 (2.60)  5.77 (4.63)  16.84 
JPM 1.45 (0.03) (0.01)  0.05  1.54 (0.0084) (1.73)  3.03 (2.34)  10.79 
MRK 0.93 (0.04) (0.07) (0.01)  1.26 (0.07) (0.94)  1.64 (2.50)  6.96 
XOM 1.94  0.02  0.00  0.10  2.59  0.0044 (1.83)  3.33 (3.96)  10.43 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Saratoga Small without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Saratoga Small Capitalization?

You need to understand the risk of investing before taking a position in Saratoga Small. The danger of trading Saratoga Small Capitalization is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Saratoga Small is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Saratoga Small. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Saratoga Small Capit is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. Note that the Saratoga Small Capit information on this page should be used as a complementary analysis to other Saratoga Small's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Saratoga Mutual Fund analysis

When running Saratoga Small Capit price analysis, check to measure Saratoga Small's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Saratoga Small is operating at the current time. Most of Saratoga Small's value examination focuses on studying past and present price action to predict the probability of Saratoga Small's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Saratoga Small's price. Additionally, you may evaluate how the addition of Saratoga Small to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Saratoga Small's value and its price as these two are different measures arrived at by different means. Investors typically determine Saratoga Small value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saratoga Small's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.