Bancroft Fund Correlations
| BCV-PA Preferred Stock | USD 24.09 0.07 0.29% |
The current 90-days correlation between Bancroft Fund and The Gabelli Equity is 0.38 (i.e., Weak diversification). The correlation of Bancroft Fund 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.
Bancroft Fund Correlation With Market
Average diversification
The correlation between Bancroft Fund and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bancroft Fund and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bancroft Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bancroft Fund 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 Bancroft Fund - 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 Bancroft Fund to buy it.
Moving together with Bancroft Preferred Stock
| 0.62 | NVDA | NVIDIA | PairCorr |
| 0.89 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.78 | CMWCF | Cromwell Property | PairCorr |
| 0.62 | CICHF | China Construction Bank | PairCorr |
| 0.66 | CMCSA | Comcast Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.69 | GFI | Gold Fields Sell-off Trend | PairCorr |
| 0.61 | AAL | American Airlines Aggressive Push | PairCorr |
| 0.69 | NNE | Nano Nuclear Energy | PairCorr |
| 0.7 | CHRW | CH Robinson Worldwide | PairCorr |
| 0.61 | RCL | Royal Caribbean Cruises | PairCorr |
| 0.75 | CPTN | Cepton Inc | PairCorr |
| 0.82 | OTIS | Otis Worldwide Corp | PairCorr |
| 0.8 | WAB | Westinghouse Air Brake | PairCorr |
| 0.61 | TDY | Teledyne Technologies Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.68 | VIPS | Vipshop Holdings | PairCorr |
| 0.65 | NYAX | Nayax | PairCorr |
Moving against Bancroft Preferred Stock
Related Correlations Analysis
| 0.97 | 0.74 | 0.8 | 0.92 | GAB-PH | ||
| 0.97 | 0.71 | 0.77 | 0.91 | GAB-PG | ||
| 0.74 | 0.71 | 0.7 | 0.74 | GUT-PC | ||
| 0.8 | 0.77 | 0.7 | 0.75 | GGN-PB | ||
| 0.92 | 0.91 | 0.74 | 0.75 | GGT-PE | ||
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Risk-Adjusted Indicators
There is a big difference between Bancroft Preferred Stock performing well and Bancroft Fund 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 Bancroft Fund'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GAB-PH | 0.44 | 0.10 | (0.03) | (2.86) | 0.36 | 1.17 | 3.34 | |||
| GAB-PG | 0.71 | 0.10 | (0.02) | (8.11) | 0.77 | 1.68 | 5.27 | |||
| GUT-PC | 0.52 | 0.01 | (0.13) | 0.16 | 0.53 | 1.30 | 2.93 | |||
| GGN-PB | 0.70 | 0.06 | (0.08) | (0.16) | 0.94 | 1.70 | 5.73 | |||
| GGT-PE | 0.47 | 0.04 | (0.07) | 0.50 | 0.62 | 1.44 | 5.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bancroft Fund 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.Did you try this?
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