Advent Claymore Convertible Fund Market Value
| AVK Fund | USD 12.21 0.08 0.66% |
| Symbol | Advent |
Advent Claymore '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 Advent Claymore'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 Advent Claymore.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Advent Claymore on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Advent Claymore Convertible or generate 0.0% return on investment in Advent Claymore over 150 days. Advent Claymore is related to or competes with Nuveen Global, Blackstone Gso, Thornburg Income, Western Asset, Guggenheim Taxable, Cohen Steers, and Brandywineglobal. Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed b... More
Advent Claymore 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 Advent Claymore'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 Advent Claymore Convertible upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8653 | |||
| Information Ratio | 0.0833 | |||
| Maximum Drawdown | 5.11 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 1.37 |
Advent Claymore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advent Claymore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advent Claymore's standard deviation. In reality, there are many statistical measures that can use Advent Claymore historical prices to predict the future Advent Claymore's volatility.| Risk Adjusted Performance | 0.1686 | |||
| Jensen Alpha | 0.1355 | |||
| Total Risk Alpha | 0.0693 | |||
| Sortino Ratio | 0.0811 | |||
| Treynor Ratio | 0.5848 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Advent Claymore'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.
Advent Claymore Conv Backtested Returns
As of now, Advent Fund is very steady. Advent Claymore Conv secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the fund had a 0.22 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Advent Claymore Convertible, which you can use to evaluate the volatility of the entity. Please confirm Advent Claymore's Downside Deviation of 0.8653, mean deviation of 0.615, and Risk Adjusted Performance of 0.1686 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. The fund shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Advent Claymore's returns are expected to increase less than the market. However, during the bear market, the loss of holding Advent Claymore is expected to be smaller as well.
Auto-correlation | -0.49 |
Modest reverse predictability
Advent Claymore Convertible has modest reverse predictability. Overlapping area represents the amount of predictability between Advent Claymore time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Advent Claymore Conv price movement. The serial correlation of -0.49 indicates that about 49.0% of current Advent Claymore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Advent Claymore Conv lagged returns against current returns
Autocorrelation, which is Advent Claymore 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 Advent Claymore's fund expected returns. We can calculate the autocorrelation of Advent Claymore returns to help us make a trade decision. For example, suppose you find that Advent Claymore 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 |
Advent Claymore 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 Advent Claymore fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advent Claymore fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advent Claymore fund over time.
Current vs Lagged Prices |
| Timeline |
Advent Claymore Lagged Returns
When evaluating Advent Claymore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advent Claymore fund have on its future price. Advent Claymore 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, Advent Claymore autocorrelation shows the relationship between Advent Claymore fund current value and its past values and can show if there is a momentum factor associated with investing in Advent Claymore Convertible.
Regressed Prices |
| Timeline |
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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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