Blackrock Enhanced Capital Fund Market Value
| CII Fund | USD 18.70 0.26 1.41% |
| Symbol | Blackrock |
Blackrock Enhanced 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Blackrock Enhanced's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Blackrock Enhanced.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Blackrock Enhanced on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Enhanced Capital or generate 0.0% return on investment in Blackrock Enhanced over 30 days. Blackrock Enhanced is related to or competes with Eaton Vance, Eaton Vance, Nuveen Credit, Allspring Income, and First Trust. BlackRock Enhanced Capital and Income Fund, Inc More
Blackrock Enhanced Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Blackrock Enhanced's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Blackrock Enhanced Capital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 0.9072 |
Blackrock Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Enhanced's standard deviation. In reality, there are many statistical measures that can use Blackrock Enhanced historical prices to predict the future Blackrock Enhanced's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Enhanced's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Blackrock Enhanced Backtested Returns
Blackrock Enhanced secures Sharpe Ratio (or Efficiency) of -0.0175, which signifies that the fund had a -0.0175% return per unit of standard deviation over the last 3 months. Blackrock Enhanced Capital exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blackrock Enhanced's mean deviation of 0.5473, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock Enhanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Enhanced is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Blackrock Enhanced Capital has below average predictability. Overlapping area represents the amount of predictability between Blackrock Enhanced time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Blackrock Enhanced price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Blackrock Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Blackrock Enhanced lagged returns against current returns
Autocorrelation, which is Blackrock Enhanced fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Blackrock Enhanced's fund expected returns. We can calculate the autocorrelation of Blackrock Enhanced returns to help us make a trade decision. For example, suppose you find that Blackrock Enhanced has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Blackrock Enhanced regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Blackrock Enhanced fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Enhanced fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Enhanced fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Enhanced Lagged Returns
When evaluating Blackrock Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Enhanced fund have on its future price. Blackrock Enhanced autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Blackrock Enhanced autocorrelation shows the relationship between Blackrock Enhanced fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Enhanced Capital.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Blackrock Enhanced in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Blackrock Enhanced's short interest history, or implied volatility extrapolated from Blackrock Enhanced options trading.
Pair Trading with Blackrock Enhanced
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blackrock Enhanced position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blackrock Enhanced will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Fund
| 0.93 | ASG | Liberty All Star | PairCorr |
| 0.89 | IFN | India Closed | PairCorr |
| 0.72 | ETV | Eaton Vance Tax | PairCorr |
The ability to find closely correlated positions to Blackrock Enhanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackrock Enhanced when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blackrock Enhanced - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blackrock Enhanced Capital to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blackrock Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Enhanced moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Blackrock Enhanced can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Blackrock Enhanced Correlation, Blackrock Enhanced Volatility and Blackrock Enhanced Alpha and Beta module to complement your research on Blackrock Enhanced. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Blackrock Enhanced technical fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.