Michael A Smart Net Worth - GuruFocus.com

AVK Fund  USD 12.00  0.13  1.10%   
About 50% of Advent Claymore's institutional investors are presently thinking to get in. The analysis of overall sentiment of trading Advent Claymore Convertible fund suggests that some investors are interested at this time. Advent Claymore's investing sentiment shows overall attitude of investors towards Advent Claymore Convertible.
  
Michael A Smart Net Worth GuruFocus.com

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Advent Claymore Fundamental Analysis

We analyze Advent Claymore's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advent Claymore using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advent Claymore based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Book Value Per Share

Book Value Per Share Comparative Analysis

Advent Claymore is currently under evaluation in book value per share among similar funds. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Advent Claymore Conv Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Advent Claymore fund to make a market-neutral strategy. Peer analysis of Advent Claymore could also be used in its relative valuation, which is a method of valuing Advent Claymore by comparing valuation metrics with similar companies.

Peers

Advent Claymore Related Equities

BBNBlackrock Taxable   1.22   
0%
95.0%
NBBNuveen Build   0.89   
0%
69.0%
GBABGuggenheim Taxable   0.83   
0%
64.0%
JHSJohn Hancock   0.78   
0%
60.0%
TBLDThornburg Income   0.67   
0%
52.0%
KTFDWS Municipal   0.61   
0%
47.0%
EHIWestern Asset   0.60   
0%
46.0%
BWGBrandywineglobal   0.48   
0%
37.0%
JCENuveen Core   0.39   
0%
30.0%
CXHMFS Investment   0.37   
0%
28.0%
RLTYCohen Steers   0.31   
0%
24.0%
MHDBlackrock Muniholdings   0.25   
0%
19.0%
JGHNuveen Global   0.23   
0%
17.0%
DTFDTF Tax   0.18   
0%
14.0%
EVFEaton Vance   0.16   
0%
12.0%
PHDPioneer Floating   0.10   
0%
7.0%
WDIWestern Asset   0.20   
15.0%
0%
BGBBlackstone Gso   1.28   
100.0%
0%

Other Information on Investing in Advent Fund

Advent Claymore financial ratios help investors to determine whether Advent Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Advent with respect to the benefits of owning Advent Claymore security.
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