Advent Claymore Convertible Fund Market Value
| XAVKX Fund | USD 12.73 0.07 0.55% |
| Symbol | Advent |
Please note, there is a significant difference between Advent Claymore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advent Claymore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advent Claymore's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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 mutual 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.
| 04/07/2025 |
| 07/06/2025 |
If you would invest 0.00 in Advent Claymore on April 7, 2025 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 90 days. Advent Claymore is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Advent Claymore is entity of United States 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 mutual 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 | 1.42 | |||
| Information Ratio | 0.0162 | |||
| Maximum Drawdown | 6.06 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.72 |
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 | 0.1741 | |||
| Jensen Alpha | 0.054 | |||
| Total Risk Alpha | 0.0461 | |||
| Sortino Ratio | 0.0138 | |||
| Treynor Ratio | 0.1834 |
Advent Claymore Conv Backtested Returns
Advent Claymore appears to be very steady, given 3 months investment horizon. Advent Claymore Conv secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the fund had a 0.29 % 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 makes use of Advent Claymore's Downside Deviation of 1.42, risk adjusted performance of 0.1741, and Mean Deviation of 0.7702 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. 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 | 0.80 |
Very good predictability
Advent Claymore Convertible has very good predictability. Overlapping area represents the amount of predictability between Advent Claymore time series from 7th of April 2025 to 22nd of May 2025 and 22nd of May 2025 to 6th of July 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 0.8 indicates that around 80.0% of current Advent Claymore price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Advent Claymore Conv lagged returns against current returns
Autocorrelation, which is Advent Claymore mutual 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 mutual 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 mutual 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advent Claymore mutual 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 mutual 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 mutual 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 mutual 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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Other Information on Investing in Advent Mutual Fund
Advent Claymore financial ratios help investors to determine whether Advent Mutual 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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