Ellsworth Convertible Growth Stock Market Value
| ECF Stock | USD 9.72 0.08 0.82% |
| Symbol | Ellsworth |
Ellsworth Convertible Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ellsworth Convertible. If investors know Ellsworth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ellsworth Convertible listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.456 | Dividend Share 0.52 | Earnings Share 0.46 | Revenue Per Share 0.432 | Quarterly Revenue Growth 0.184 |
The market value of Ellsworth Convertible is measured differently than its book value, which is the value of Ellsworth that is recorded on the company's balance sheet. Investors also form their own opinion of Ellsworth Convertible's value that differs from its market value or its book value, called intrinsic value, which is Ellsworth Convertible's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ellsworth Convertible's market value can be influenced by many factors that don't directly affect Ellsworth Convertible's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ellsworth Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellsworth Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellsworth Convertible's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Ellsworth Convertible '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 Convertible's 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 Convertible.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Ellsworth Convertible on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Ellsworth Convertible Growth or generate 0.0% return on investment in Ellsworth Convertible over 420 days. Ellsworth Convertible is related to or competes with Azimut Holding, Ameritrans Capital, Gdl Closed, Gabelli Global, Gabelli Convertible, MFS Investment, and Eaton Vance. Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc More
Ellsworth Convertible 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 Convertible's 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 Convertible Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7435 | |||
| Information Ratio | 0.1465 | |||
| Maximum Drawdown | 3.44 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.57 |
Ellsworth Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ellsworth Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ellsworth Convertible's standard deviation. In reality, there are many statistical measures that can use Ellsworth Convertible historical prices to predict the future Ellsworth Convertible's volatility.| Risk Adjusted Performance | 0.2155 | |||
| Jensen Alpha | 0.1734 | |||
| Total Risk Alpha | 0.1125 | |||
| Sortino Ratio | 0.1595 | |||
| Treynor Ratio | 0.4855 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ellsworth Convertible's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ellsworth Convertible Backtested Returns
At this point, Ellsworth Convertible is very steady. Ellsworth Convertible secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the company had a 0.24% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ellsworth Convertible Growth, which you can use to evaluate the volatility of the firm. Please confirm Ellsworth Convertible's Mean Deviation of 0.6495, downside deviation of 0.7435, and Coefficient Of Variation of 354.95 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Ellsworth Convertible has a performance score of 18 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ellsworth Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ellsworth Convertible is expected to be smaller as well. Ellsworth Convertible right now shows a risk of 0.82%. Please confirm Ellsworth Convertible jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Ellsworth Convertible will be following its price patterns.
Auto-correlation | 0.62 |
Good predictability
Ellsworth Convertible Growth has good predictability. Overlapping area represents the amount of predictability between Ellsworth Convertible time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd of November 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 Convertible price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Ellsworth Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Ellsworth Convertible lagged returns against current returns
Autocorrelation, which is Ellsworth Convertible 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 Convertible's stock expected returns. We can calculate the autocorrelation of Ellsworth Convertible returns to help us make a trade decision. For example, suppose you find that Ellsworth Convertible has exhibited high autocorrelation historically, and you observe that the 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 |
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Ellsworth Convertible 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 Convertible stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ellsworth Convertible stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ellsworth Convertible stock over time.
Current vs Lagged Prices |
| Timeline |
Ellsworth Convertible Lagged Returns
When evaluating Ellsworth Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ellsworth Convertible stock have on its future price. Ellsworth Convertible 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 Convertible autocorrelation shows the relationship between Ellsworth Convertible stock current value and its past values and can show if there is a momentum factor associated with investing in Ellsworth Convertible Growth.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Ellsworth Convertible is a strong investment it is important to analyze Ellsworth Convertible's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ellsworth Convertible's future performance. For an informed investment choice regarding Ellsworth Stock, refer to the following important reports:Check out Ellsworth Convertible Correlation, Ellsworth Convertible Volatility and Ellsworth Convertible Alpha and Beta module to complement your research on Ellsworth Convertible. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Ellsworth Convertible technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.