Bancroft Fund Correlations

BCV Stock

USD 18.39 0.08 0.43%

The current 90-days correlation between Bancroft Fund Limited and GAMCO Natural Resources is 0.08 (i.e., Significant diversification). The correlation of Bancroft 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.

Bancroft Fund Correlation With Market

Significant diversification

The correlation between Bancroft Fund Limited and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bancroft Fund Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bancroft Fund Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Bancroft Stock

0.81	V	Visa Class A	Pair Corr
0.93	DIST	Distoken Acquisition	Pair Corr
0.9	MA	Mastercard	Pair Corr
0.77	DYCQ	DT Cloud Acquisition	Pair Corr
0.74	ROCLW	Roth CH Acquisition	Pair Corr
0.72	EMCG	Embrace Change Acqui	Pair Corr
0.78	ESHA	ESH Acquisition Corp	Pair Corr
0.8	EVGR	Evergreen Corp	Pair Corr
0.74	ANSCW	Agriculture Natural	Pair Corr
0.64	WTMA	Welsbach Technology	Pair Corr
0.79	WAVSU	Western Acquisition	Pair Corr
0.84	FDUS	Fidus Investment Corp	Pair Corr

Moving against Bancroft Stock

0.65	BRACU	Broad Capital Acquisition	Pair Corr
0.43	RC	Ready Capital Corp	Pair Corr
0.4	PFTAU	Portage Fintech Acqu	Pair Corr
0.38	TETEW	Technology Telecommunicatio	Pair Corr
0.37	EMCGU	Embrace Change Acqui	Pair Corr
0.31	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.71	BRKHU	BurTech Acquisition Corp	Pair Corr
0.42	DISTW	Distoken Acquisition	Pair Corr
0.34	ROCLU	Roth CH Acquisition	Pair Corr
0.34	BRKHW	BurTech Acquisition Corp	Pair Corr
0.8	TWO	Two Harbors Investments	Pair Corr
0.77	TGAAU	Target Global Acquisition	Pair Corr

Related Correlations Analysis

	GNT	NBO	RFMZ	BWG	AMTPQ	BNCM	ASXSF	AZIHY	AGFMF	MHN
GNT		-0.24	0.48	0.4	0.0	0.03	0.34	0.18	0.34	0.51	GNT
NBO	-0.24		-0.2	-0.08	0.0	0.15	-0.42	-0.06	-0.41	-0.06	NBO
RFMZ	0.48	-0.2		0.69	0.0	0.27	0.46	0.46	-0.03	0.91	RFMZ
BWG	0.4	-0.08	0.69		0.0	0.33	0.28	0.45	-0.33	0.74	BWG
AMTPQ	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AMTPQ
BNCM	0.03	0.15	0.27	0.33	0.0		0.21	0.35	-0.44	0.3	BNCM
ASXSF	0.34	-0.42	0.46	0.28	0.0	0.21		0.62	0.03	0.46	ASXSF
AZIHY	0.18	-0.06	0.46	0.45	0.0	0.35	0.62		-0.51	0.45	AZIHY
AGFMF	0.34	-0.41	-0.03	-0.33	0.0	-0.44	0.03	-0.51		-0.06	AGFMF
MHN	0.51	-0.06	0.91	0.74	0.0	0.3	0.46	0.45	-0.06		MHN
	GNT	NBO	RFMZ	BWG	AMTPQ	BNCM	ASXSF	AZIHY	AGFMF	MHN

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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

MHN	+ 0.91	RFMZ
MHN	+ 0.74	BWG
BWG	+ 0.69	RFMZ
AZIHY	+ 0.62	ASXSF
MHN	+ 0.51	GNT
RFMZ	+ 0.48	GNT

High negative correlations

AGFMF	- 0.51	AZIHY
AGFMF	- 0.44	BNCM
ASXSF	- 0.42	NBO
AGFMF	- 0.41	NBO
AGFMF	- 0.33	BWG
NBO	- 0.24	GNT

Risk-Adjusted Indicators

There is a big difference between Bancroft Stock performing well and Bancroft Fund Company 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 Bancroft 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GNT	0.84	0.03	(0.04)	0.20	0.92	(1.04)	1.71	(1.98)	5.15
NBO	0.53	0.02	(0.15)	(0.04)	0.73	(0.51)	0.87	(1.14)	3.54
RFMZ	0.43	0.03	(0.16)	(0.49)	0.57	(0.45)	0.71	(0.99)	2.66
BWG	0.43	(0.03)	0.00	(0.06)	0.00	0.00	0.85	(1.04)	3.55
AMTPQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BNCM	15.43	2.06	0.12	1.90	15.82	(18.53)	42.58	(32.03)	129.82
ASXSF	3.03	0.05	(0.01)	(0.88)	4.77	(8.39)	9.09	(12.00)	32.50
AZIHY	1.30	(0.01)	0.00	0.14	0.00	0.00	6.79	(7.00)	23.68
AGFMF	1.39	0.46	0.19	1.24	1.19	(1.87)	4.03	(2.94)	10.41
MHN	0.38	0.05	(0.10)	2.67	0.62	(0.37)	0.95	(1.03)	2.69

Bancroft Fund Corporate Management

CFA CFA	Portfolio Manager	Profile
Kuni Nakamura	Independent Trustee	Profile
Elizabeth Bogan	Independent Trustee	Profile
Michael Melarkey	Independent Trustee	Profile

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