Ellsworth Fund Correlations

Mutual Funds . USA . 
Fund . Ellsworth Fund
XECFX Fund  USD 11.92  0.01  0.08%   
The current 90-days correlation between Ellsworth Fund and Mesirow Financial Small is 0.81 (i.e., Very poor diversification). The correlation of Ellsworth 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ellsworth Fund Correlation With Market

Poor diversification

The correlation between Ellsworth Fund and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ellsworth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ellsworth Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Ellsworth Mutual Fund

  0.99VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.97FBAFX American Funds AmericanPairCorr
  0.98RRQPX American Funds RetirementPairCorr
  0.99STSRX American Beacon StephensPairCorr
  0.97TPLNX Timothy Small CapPairCorr
  0.98SCWFX Smallcap WorldPairCorr
  0.97FPTPX American Funds ConsePairCorr
  0.99ANORX Small Cap GrowthPairCorr
  0.97GSHTX Goldman Sachs HighPairCorr
  0.97FIJKX Fidelity Advisor FreedomPairCorr
  0.89VCADX Vanguard CaliforniaPairCorr
  0.99JGLTX Global TechnologyPairCorr
  0.91PSPFX Global ResourcesPairCorr
  0.94AIWEX World EnergyPairCorr
  0.84BTFRX Bts Tactical FixedPairCorr
  0.86TWTIX Intermediate Term TaxPairCorr
  0.97BALFX American BalancedPairCorr
  0.95JSCOX Perkins Small CapPairCorr
  0.99POGCX Putnam Growth OpportPairCorr
  0.7RCBEX American Funds PoratePairCorr
  0.89SSAGX Virtus Seix GovernmentPairCorr
  0.99FCJTX American Funds 2055PairCorr
  0.98FAETX American Funds 2030PairCorr
  0.79MXSFX Great West RealPairCorr
  0.92RSVIX Rbc Small CapPairCorr
  0.97CLBAX American BalancedPairCorr
  0.83TWTCX Intermediate Term TaxPairCorr
  0.91GRHAX Goehring RozencwajgPairCorr

Related Correlations Analysis

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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   
IAAEX
+ 0.99
MSVIX
GCFSX
+ 0.99
MSVIX
DVFYX
+ 0.99
MSVIX
DVFYX
+ 0.99
GCFSX
GCFSX
+ 0.98
IAAEX
DVFYX
+ 0.98
IAAEX
  
High negative correlations   
GCFSX
- 0.52
XFINX
XFINX
- 0.49
MSVIX
DVFYX
- 0.48
XFINX
IAAEX
- 0.47
XFINX
XFINX
- 0.31
BTO

Risk-Adjusted Indicators

There is a big difference between Ellsworth Mutual Fund performing well and Ellsworth Fund Mutual Fund 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 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.

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