Ellsworth Convertible Correlations

ECF Stock

USD 12.25 0.07 0.57%

The current 90-days correlation between Ellsworth Convertible and Neuberger Berman Re is 0.05 (i.e., Significant 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

Poor diversification

The correlation between Ellsworth Convertible Growth and DJI is 0.79 (i.e., Poor 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 services.

Moving together with Ellsworth Stock

0.71	LBS	Life Banc Split	Pair Corr
0.85	DFN	Dividend 15 Split	Pair Corr
0.7	CSOC-A	Canso Select Opportu	Pair Corr
0.87	DGS	Dividend Growth Split	Pair Corr
0.82	ASA	ASA Gold	Pair Corr
0.63	BTI	Bailador Technology	Pair Corr
0.79	HRZN	Horizon Technology	Pair Corr
0.73	SBC	Brompton Split Banc	Pair Corr
0.68	URB-A	Urbana	Pair Corr
0.69	LCS	Brompton Lifeco Split Split	Pair Corr
0.72	BBDC	Barings BDC Earnings Call This Week	Pair Corr
0.72	PWI	Sustainable Power	Pair Corr
0.87	TRIN	Trinity Capital	Pair Corr
0.84	CSWC	Capital Southwest	Pair Corr
0.63	IRNRF	Iron Road Limited Earnings Call This Week	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr

Moving against Ellsworth Stock

0.37	EPGG	Empire Global Gaming	Pair Corr
0.5	MSFT	Microsoft	Pair Corr
0.37	MMM	3M Company	Pair Corr

Related Correlations Analysis

	NRO	BCV	PIM	PFD	PNI	EHI	ALSRX	FLC	GGT	NCBVX
NRO		0.51	0.63	0.51	0.61	0.5	0.15	0.56	0.21	0.33	NRO
BCV	0.51		0.23	0.69	0.69	0.71	0.59	0.81	0.71	0.77	BCV
PIM	0.63	0.23		0.37	0.39	0.46	0.03	0.36	0.08	0.18	PIM
PFD	0.51	0.69	0.37		0.74	0.85	0.43	0.9	0.76	0.85	PFD
PNI	0.61	0.69	0.39	0.74		0.8	0.31	0.82	0.59	0.75	PNI
EHI	0.5	0.71	0.46	0.85	0.8		0.42	0.9	0.75	0.85	EHI
ALSRX	0.15	0.59	0.03	0.43	0.31	0.42		0.34	0.68	0.58	ALSRX
FLC	0.56	0.81	0.36	0.9	0.82	0.9	0.34		0.77	0.87	FLC
GGT	0.21	0.71	0.08	0.76	0.59	0.75	0.68	0.77		0.92	GGT
NCBVX	0.33	0.77	0.18	0.85	0.75	0.85	0.58	0.87	0.92		NCBVX
	NRO	BCV	PIM	PFD	PNI	EHI	ALSRX	FLC	GGT	NCBVX

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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	0.54	(0.03)	(0.12)	(0.01)	0.61	(0.76)	1.34	(1.02)	2.69
BCV	0.94	(0.01)	(0.05)	0.08	1.14	(1.01)	2.16	(2.11)	6.32
PIM	0.60	(0.02)	(0.13)	(0.01)	0.63	(0.74)	1.23	(1.19)	4.32
PFD	0.40	0.03	(0.08)	0.30	0.49	(0.42)	0.93	(0.85)	2.88
PNI	0.31	0.02	(0.17)	0.33	0.21	(0.43)	0.73	(0.57)	1.73
EHI	0.45	0.07	(0.02)	0.50	0.32	(0.56)	1.14	(0.79)	3.36
ALSRX	1.22	(0.07)	(0.03)	0.04	1.51	(1.27)	2.32	(2.35)	6.76
FLC	0.31	0.05	(0.08)	0.50	0.26	(0.34)	0.63	(0.69)	1.62
GGT	0.88	0.13	0.07	0.38	0.84	(1.11)	2.33	(1.94)	5.19
NCBVX	0.63	0.14	0.08	2.09	0.49	(0.72)	1.59	(1.26)	3.36

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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