Saratoga Investment (Saratoga Investment) Beta

: 0.60 (As of Today)

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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-04-19), Saratoga Investment's Beta is 0.60.

Saratoga Investment Beta Historical Data

The historical data trend for Saratoga Investment's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Saratoga Investment Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Beta

0.76

0.77

1.88

1.84

1.53

Saratoga Investment Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Beta																1.58	1.53	0.77	0.74	0.64

Competitive Comparison

For the Asset Management subindustry, Saratoga Investment's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Saratoga Investment Beta Distribution

For the Asset Management industry and Financial Services sector, Saratoga Investment's Beta distribution charts can be found below:

* The bar in red indicates where Saratoga Investment's Beta falls into.

Saratoga Investment Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Saratoga Investment (NYSE:SAR) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Saratoga Investment Beta Related Terms

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Saratoga Investment (Saratoga Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Saratoga Investment Corp (NYSE:SAR) » Definitions » Beta

Comparable Companies

Traded in Other Exchanges

N/A

Address

535 Madison Avenue, 4th Floor, New York, NY, USA, 10022

Website

https://www.saratogainvestmentcorp.com

Saratoga Investment Corp is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests in senior and unitranche leveraged loans and mezzanine debt and, to a lesser extent, equity issued by private U.S. middle-market companies, which it defines as companies having annual earnings before interest, taxes, depreciation and amortization (EBITDA) under $50 million, both through direct lending and through participation in loan syndicates.

Executives

Christian L Oberbeck	director, 10 percent owner, officer: CEO and Director	C/O KOPPERS INC, 436 SEVENTH AVENUE, SUITE 1550, PITTSBURG PA 15219
Steven M Looney	director	132 WAIKU ROAD, RIDGEWOOD NJ 07450-2322
Henri J Steenkamp	officer: Chief Financial Officer	SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Williams George Cabell Iii	director	5422 ALBIA ROAD, BETHESDA MD 20816
Elizabeth Oberbeck	10 percent owner	C/O SARATOGA INVESTMENT CORP., 535 MADISON AVENUE, NEW YORK NY 10022
Michael J Grisius	director, officer: President and Director	1919 PENNSYLVANIA AVE NW, 3RD FL, WASHINGTON DC 20006
Whitman Iii Charles S	director	C/O GSC INVESTMENT CORP., 12 EAST 49TH STREET, SUITE 3200, NEW YORK NY 10017
Phillips Charles G Iv	other: Member of 10% owner group.	C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Richard A Petrocelli	director, officer: CFO, Secretary and CCO	1350 6TH AVENUE, 18TH FLOOR, NEW YORK NY 10019
John P. Birkelund	other: Member of 10% owner group	ETHAN ALLEN DRIVE, DANBURY CT 06811
John F. Macmurray	other: Member of 10% owner group	C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Durkin Charles P Jr	other: Member of 10% owner group
Clo Partners Llc	other: Member of 10% owner group	535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Saratoga Investment Advisors, Llc	other: Member of 10% owner group	535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Ivo Turkedjiev	officer: VP Corporate Credit Group	C/O GSC INVESTMENT CORP, 888 SEVENTH AVE, NEW YORK NY 10019