Published on 17 Apr 2024 on Simply Wall St. via Yahoo Finance
Investing in Ellington Financial (NYSE:EFC) five years ago would have delivered you a 6.7% gain
For many, the main point of investing is to generate higher returns than the overall market. But every investor is virtually certain to have both over-performing and under-performing stocks. So we wouldn't blame long term Ellington Financial Inc. (NYSE:EFC) shareholders for doubting their decision to hold, with the stock down 39% over a half decade. Shareholders have had an even rougher run lately, with the share price down 13% in the last 90 days.
So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.