Blackrock Enhanced Correlations

EGF Fund  USD 10.49  0.46  4.59%   
The current 90-days correlation between Blackrock Enhanced and GAMCO Natural Resources is 0.26 (i.e., Modest diversification). The correlation of Blackrock Enhanced 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.

Blackrock Enhanced Correlation With Market

Modest diversification

The correlation between Blackrock Enhanced Government and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Enhanced Government and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Blackrock Enhanced Government. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving against Blackrock Fund

  0.32SMPIX Semiconductor UltrasectorPairCorr
  0.31SMPSX Semiconductor UltrasectorPairCorr

Related Correlations Analysis

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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   
GGZBCV
CBHBCV
CBHGGZ
CXHRFMZ
BWGRFMZ
EOTBWG
  
High negative correlations   
CBHBWG
GCVGNT
EOTBCV
EOTCBH
BWGBCV
EOTGGZ

Risk-Adjusted Indicators

There is a big difference between Blackrock Fund performing well and Blackrock Enhanced 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 Blackrock Enhanced'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BCV  0.58  0.21  0.16  2.85  0.00 
 1.31 
 3.02 
GNT  0.84  0.03 (0.04) 0.20  0.92 
 1.71 
 5.15 
NBO  0.53  0.02 (0.15)(0.04) 0.73 
 0.87 
 3.54 
RFMZ  0.43  0.03 (0.16)(0.49) 0.57 
 0.71 
 2.66 
BWG  0.43 (0.03) 0.00 (0.06) 0.00 
 0.85 
 3.55 
GGZ  0.60  0.03  0.01  0.17  0.62 
 1.20 
 4.71 
GCV  0.87  0.10  0.00  0.48  1.24 
 1.87 
 7.45 
CXH  0.34  0.05 (0.17)(0.24) 0.40 
 0.86 
 2.10 
CBH  0.13  0.04 (0.44)(0.85) 0.00 
 0.22 
 0.78 
EOT  0.38  0.03 (0.19)(6.02) 0.39 
 0.86 
 2.08