Advent Claymore Convertible Fund Quote
| AVK Fund | USD 11.57 0.02 0.17% |
Performance5 of 100
| Odds Of DistressLess than 23
|
Advent Claymore is selling for 11.57 as of the 25th of April 2024. This is a -0.17 percent decrease since the beginning of the trading day. The fund's last reported lowest price was 11.47. Advent Claymore has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Advent Claymore Convertible are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of January 2024 and ending today, the 25th of April 2024. Click here to learn more.
Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. Advent Claymore Convertible Securities and Income Fund was formed on April 29, 2003 and is domiciled in the United States. The company has 34.53 M outstanding shares of which 8.14 K shares are presently shorted by investors with about 0.07 days to cover. More on Advent Claymore Convertible
Moving together with Advent Fund
| 0.71 | NEA | Nuveen Amt Free | PairCorr |
| 0.82 | NVG | Nuveen Amt Free | PairCorr |
| 0.74 | NAD | Nuveen Dividend Advantage | PairCorr |
| 0.81 | NZF | Nuveen Municipal Credit | PairCorr |
| 0.64 | NAC | Nuveen California | PairCorr |
| 0.88 | CSQ | Calamos Strategic Total | PairCorr |
| 0.71 | DNP | Dnp Select Me | PairCorr |
Advent Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Advent Claymore's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Advent Claymore or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Tracy Maitland |
| Thematic Idea | Convertibles Funds (View all Themes) |
| Old Name | Avnel Gold Mining Ltd |
| Fund Concentration | Convertibles Funds, Convertibles Funds, Asset Management, Financial Services (View all Sectors) |
| Update Date | 31st of March 2024 |
Advent Claymore Convertible [AVK] is traded in USA and was established 25th of April 2024. The fund is not filed under any group at the present time. Advent Claymore Conv presently has in assets under management (AUM) with no minimum investment requirementsThe fund is currently generating return of 1.49% with the current yeild of 0.01%, while the total return for the last 3 years was -5.44%.
Advent Claymore Convertible has about 657 in cash with 70.23 M of positive cash flow from operations.
Check Advent Claymore Probability Of Bankruptcy
Advent Claymore Target Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Advent Claymore jumping above the current price in 90 days from now is about 51.9%. The Advent Claymore Convertible probability density function shows the probability of Advent Claymore fund to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Advent Claymore has a beta of 0.8514. This suggests Advent Claymore Convertible market returns are very sensitive to returns on the market. As the market goes up or down, Advent Claymore is expected to follow. Additionally, advent Claymore Convertible has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Advent Claymore to move above the current price in 90 days from now is about 51.9 (This Advent Claymore Convertible probability density function shows the probability of Advent Fund to fall within a particular range of prices over 90 days) .
Advent Claymore Top Holders
| MCTDX | Modern Capital Tactical | Mutual Fund | Allocation--50% to 70% Equity |
| MCTOX | Modern Capital Tactical | Mutual Fund | Allocation--50% to 70% Equity |
| HIPS | GraniteShares HIPS High | Etf | Aggressive Allocation |
Advent Claymore Conv Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Advent Claymore market risk premium is the additional return an investor will receive from holding Advent Claymore long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Advent Claymore. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Advent Claymore's alpha and beta are two of the key measurements used to evaluate Advent Claymore's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0659 | |||
| Jensen Alpha | (0.0002) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) |
Advent Claymore Against Markets
Picking the right benchmark for Advent Claymore fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Advent Claymore fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Advent Claymore is critical whether you are bullish or bearish towards Advent Claymore Convertible at a given time. Please also check how Advent Claymore's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Advent Claymore without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Advent Fund?
Before investing in Advent Claymore, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Advent Claymore. To buy Advent Claymore fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Advent Claymore. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Advent Claymore fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Advent Claymore Convertible fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Advent Claymore Convertible fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Advent Claymore Convertible, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Advent Claymore Convertible?
The danger of trading Advent Claymore Convertible is mainly related to its market volatility and Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Advent Claymore is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Advent Claymore. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Advent Claymore Conv is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advent Claymore Convertible. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.