Ellsworth Convertible Correlations

ECF Stock

USD 12.13 0.07 0.58%

The current 90-days correlation between Ellsworth Convertible and Neuberger Berman Re is 0.22 (i.e., Modest diversification). The correlation of Ellsworth Convertible 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.

Ellsworth Convertible Correlation With Market

Average diversification

The correlation between Ellsworth Convertible Growth and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ellsworth Convertible Growth and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ellsworth Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellsworth Convertible Growth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Ellsworth Stock

0.65	ECC	Eagle Point Credit	Pair Corr
0.66	OCCI	OFS Credit	Pair Corr
0.64	MCHP	Microchip Technology Tech Boost	Pair Corr
0.63	INTC	Intel Buyout Trend	Pair Corr

Related Correlations Analysis

	NRO	BCV	PIM	PFD	PNI	EHI	ALSRX	FLC	GGT	NCBVX
NRO		0.66	0.41	0.15	0.47	-0.26	-0.16	0.37	-0.59	-0.43	NRO
BCV	0.66		0.11	0.48	0.53	-0.11	0.4	0.64	-0.13	-0.12	BCV
PIM	0.41	0.11		0.26	0.4	0.41	-0.06	0.38	-0.06	-0.05	PIM
PFD	0.15	0.48	0.26		0.28	0.53	0.68	0.71	0.56	0.43	PFD
PNI	0.47	0.53	0.4	0.28		0.13	0.19	0.45	-0.11	-0.1	PNI
EHI	-0.26	-0.11	0.41	0.53	0.13		0.52	0.46	0.63	0.57	EHI
ALSRX	-0.16	0.4	-0.06	0.68	0.19	0.52		0.49	0.68	0.57	ALSRX
FLC	0.37	0.64	0.38	0.71	0.45	0.46	0.49		0.34	0.28	FLC
GGT	-0.59	-0.13	-0.06	0.56	-0.11	0.63	0.68	0.34		0.73	GGT
NCBVX	-0.43	-0.12	-0.05	0.43	-0.1	0.57	0.57	0.28	0.73		NCBVX
	NRO	BCV	PIM	PFD	PNI	EHI	ALSRX	FLC	GGT	NCBVX

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Correlation Matchups

Over a given time period, the two securities move together 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

NCBVX	+ 0.73	GGT
FLC	+ 0.71	PFD
ALSRX	+ 0.68	PFD
GGT	+ 0.68	ALSRX
BCV	+ 0.66	NRO
FLC	+ 0.64	BCV

High negative correlations

GGT	- 0.59	NRO
NCBVX	- 0.43	NRO
EHI	- 0.26	NRO
ALSRX	- 0.16	NRO
GGT	- 0.13	BCV
NCBVX	- 0.12	BCV

Risk-Adjusted Indicators

There is a big difference between Ellsworth Stock performing well and Ellsworth Convertible Company 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 Ellsworth Convertible'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
NRO	0.59	(0.09)	0.00	(0.18)	0.00	0.00	1.32	(1.32)	2.97
BCV	0.95	(0.02)	(0.05)	0.04	1.23	(1.05)	2.16	(2.27)	6.32
PIM	0.61	(0.01)	(0.12)	0.02	0.61	(0.85)	1.53	(0.93)	3.99
PFD	0.37	(0.01)	(0.15)	0.06	0.41	(0.43)	1.11	(0.69)	2.46
PNI	0.29	0.02	(0.19)	0.48	0.24	(0.38)	0.58	(0.58)	1.31
EHI	0.41	0.03	(0.11)	1.07	0.36	(0.54)	0.81	(0.78)	3.19
ALSRX	1.19	0.03	0.02	0.11	1.31	(1.32)	2.32	(2.19)	6.93
FLC	0.31	0.01	(0.20)	(0.06)	0.37	(0.31)	0.58	(0.57)	1.56
GGT	0.87	0.11	0.06	0.34	0.88	(1.13)	2.04	(1.91)	5.40
NCBVX	0.65	0.08	0.00	0.53	0.74	(0.69)	1.37	(1.27)	3.08

Ellsworth Convertible Corporate Management

Jane OKeeffe	Executive VP and Trustee	Profile
CFA CFA	Portfolio Manager	Profile
Kuni Nakamura	Independent Trustee	Profile
Elizabeth Bogan	Independent Trustee	Profile
Michael Melarkey	Independent Trustee	Profile

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