You can write the coordinates at time $t$
\begin{eqnarray}
\left( \begin{array}{c}
x(t) \\
y(t)
\end{array}
\right) =
\left( \begin{array}{cc}
a_{11} & a_{12} \\
a_{21} & a_{22}
\end{array}
\right)\cdot
\left( \begin{array}{c}
\cos t \\
\sin t
\end{array}
\right)
\end{eqnarray}
Consider a singular value decomposition
$$\left( \begin{array}{cc}
a_{11} & a_{12} \\
a_{21} & a_{22}
\end{array} \right ) = \left( \begin{array}{cc}
\cos u & -\sin u \\
\sin u & \cos u
\end{array} \right ) \cdot
\left( \begin{array}{cc}
d_1 & 0 \\
0 & d_2
\end{array} \right )
\cdot
\left( \begin{array}{cc}
\cos v & -\sin v \\
\sin v & \cos v
\end{array} \right )
$$
So we get
$$\left( \begin{array}{c}
x(t) \\
y(t)
\end{array}
\right) = \left( \begin{array}{cc}
\cos u & -\sin u \\
\sin u & \cos u
\end{array} \right ) \cdot \left( \begin{array}{c}
d_1 \cos (t+v) \\
d_2 \sin (t+v)
\end{array}
\right) $$
So this is a rotation by angle $u$ of a common ellipse with semi-axes $|d_1|$ and $|d_2|$.