Ellsworth Growth And Preferred Stock Market Value
| ECF-PA Preferred Stock | USD 24.03 0.02 0.08% |
| Symbol | Ellsworth |
Ellsworth Growth 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ellsworth Growth's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ellsworth Growth.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Ellsworth Growth on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Ellsworth Growth and or generate 0.0% return on investment in Ellsworth Growth over 360 days. Ellsworth Growth is related to or competes with Gabelli Equity, Gabelli Equity, Gabelli Utility, and Bancroft Fund. Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc More
Ellsworth Growth Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ellsworth Growth's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ellsworth Growth and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7722 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.12 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.26 |
Ellsworth Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ellsworth Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ellsworth Growth's standard deviation. In reality, there are many statistical measures that can use Ellsworth Growth historical prices to predict the future Ellsworth Growth's volatility.| Risk Adjusted Performance | 0.108 | |||
| Jensen Alpha | 0.108 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (2.03) |
Ellsworth Growth Backtested Returns
At this point, Ellsworth Growth is very steady. Ellsworth Growth secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ellsworth Growth and, which you can use to evaluate the volatility of the firm. Please confirm Ellsworth Growth's Coefficient Of Variation of 710.22, mean deviation of 0.5895, and Downside Deviation of 0.7722 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Ellsworth Growth has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0501, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ellsworth Growth are expected to decrease at a much lower rate. During the bear market, Ellsworth Growth is likely to outperform the market. Ellsworth Growth right now shows a risk of 0.82%. Please confirm Ellsworth Growth treynor ratio, downside variance, and the relationship between the total risk alpha and value at risk , to decide if Ellsworth Growth will be following its price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Ellsworth Growth and has weak reverse predictability. Overlapping area represents the amount of predictability between Ellsworth Growth time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ellsworth Growth price movement. The serial correlation of -0.24 indicates that over 24.0% of current Ellsworth Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
Ellsworth Growth lagged returns against current returns
Autocorrelation, which is Ellsworth Growth preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ellsworth Growth's preferred stock expected returns. We can calculate the autocorrelation of Ellsworth Growth returns to help us make a trade decision. For example, suppose you find that Ellsworth Growth has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ellsworth Growth regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ellsworth Growth preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ellsworth Growth preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ellsworth Growth preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Ellsworth Growth Lagged Returns
When evaluating Ellsworth Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ellsworth Growth preferred stock have on its future price. Ellsworth Growth autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ellsworth Growth autocorrelation shows the relationship between Ellsworth Growth preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Ellsworth Growth and.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ellsworth Preferred Stock
Ellsworth Growth financial ratios help investors to determine whether Ellsworth Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ellsworth with respect to the benefits of owning Ellsworth Growth security.