Correlation Between Mativ Holdings and Ellsworth Fund

Can any of the company-specific risk be diversified away by investing in both Mativ Holdings and Ellsworth Fund at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Mativ Holdings and Ellsworth Fund into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Mativ Holdings and Ellsworth Fund, you can compare the effects of market volatilities on Mativ Holdings and Ellsworth Fund and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Mativ Holdings with a short position of Ellsworth Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mativ Holdings and Ellsworth Fund.

Diversification Opportunities for Mativ Holdings and Ellsworth Fund

0.0

Correlation Coefficient

Mativ Holdings  Ellsworth Fund

Pay attention - limited upside

The 3 months correlation between Mativ and Ellsworth is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Mativ Holdings and Ellsworth Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ellsworth Fund and Mativ Holdings is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Mativ Holdings are associated (or correlated) with Ellsworth Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ellsworth Fund has no effect on the direction of Mativ Holdings i.e., Mativ Holdings and Ellsworth Fund go up and down completely randomly.

Pair Corralation between Mativ Holdings and Ellsworth Fund

If you would invest  756.00  in Mativ Holdings on July 10, 2025 and sell it today you would earn a total of  318.00  from holding Mativ Holdings or generate 42.06% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.59%
Values	Daily Returns

Mativ Holdings  vs.  Ellsworth Fund

Mativ Holdings

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Mativ Holdings are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unsteady basic indicators, Mativ Holdings showed solid returns over the last few months and may actually be approaching a breakup point.

Ellsworth Fund

Risk-Adjusted Performance

Solid

Over the last 90 days Ellsworth Fund has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, Ellsworth Fund is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Mativ Holdings and Ellsworth Fund

The main advantage of trading using opposite Mativ Holdings and Ellsworth Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mativ Holdings position performs unexpectedly, Ellsworth Fund can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ellsworth Fund will offset losses from the drop in Ellsworth Fund's long position.

The idea behind Mativ Holdings and Ellsworth Fund pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.