Ellsworth Fund Correlations

Mutual Funds USA . 
Fund . Ellsworth Fund
XECFX Fund  USD 11.93  0.01  0.08%   
The current 90-days correlation between Ellsworth Fund and Adams Diversified Equity is -0.07 (i.e., Good 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

Good diversification

The correlation between Ellsworth Fund and DJI is -0.1 (i.e., Good 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

  0.64VTSAX Vanguard Total StockPairCorr
  0.64VFIAX Vanguard 500 IndexPairCorr
  0.64VTSMX Vanguard Total StockPairCorr
  0.64VITSX Vanguard Total StockPairCorr
  0.64VSTSX Vanguard Total StockPairCorr
  0.64VSMPX Vanguard Total StockPairCorr
  0.64VFINX Vanguard 500 IndexPairCorr
  0.64VFFSX Vanguard 500 IndexPairCorr
  0.67VGTSX Vanguard Total InterPairCorr
  0.67VTIAX Vanguard Total InterPairCorr
  0.63FBAFX American Funds AmericanPairCorr
  0.98RRQPX American Funds RetirementPairCorr
  0.98STSRX American Beacon StephensPairCorr
  0.97TPLNX Timothy Small CapPairCorr
  0.66SCWFX Smallcap WorldPairCorr
  0.63FPTPX American Funds ConsePairCorr
  0.98ANORX Small Cap GrowthPairCorr
  0.97GSHTX Goldman Sachs HighPairCorr
  0.96FIJKX Fidelity Advisor FreedomPairCorr
  0.7VCADX Vanguard CaliforniaPairCorr
  0.63JGLTX Global TechnologyPairCorr
  0.61PSPFX Global ResourcesPairCorr
  0.95AIWEX World EnergyPairCorr
  0.83BTFRX Bts Tactical FixedPairCorr
  0.71TWTIX Intermediate Term TaxPairCorr
  0.72BALFX American BalancedPairCorr
  0.94JSCOX Perkins Small CapPairCorr
  0.98POGCX Putnam Growth OpportPairCorr
  0.73RCBEX American Funds PoratePairCorr
  0.89SSAGX Virtus Seix GovernmentPairCorr
  0.98FCJTX American Funds 2055PairCorr
  0.91ISMSX Vy American CenturyPairCorr
  0.72FAETX American Funds 2030PairCorr
  0.92RSVIX Rbc Small CapPairCorr
  0.63CLBAX American BalancedPairCorr
  0.7TWTCX Intermediate Term TaxPairCorr

Related Correlations Analysis

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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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