Industry description
The investment seeks to achieve positive absolute returns over the long-term with low volatility when compared to traditional market indices.
The fund invests primarily in a diversified portfolio of convertible securities issued by both U.S. and foreign companies. These convertible securities are typically debt securities or preferred stocks that can be exchanged for, or convert automatically to, common stock.
Volume
The average weekly volume growth across all stocks in the Absolute Convertible Arbitrage Instl MF was 13%. For the same stocks of the MF, the average monthly volume growth was -66% and the average quarterly volume growth was 4%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 79
P/E Growth Rating: 66
Price Growth Rating: 52
SMR Rating: 63
Profit Risk Rating: 34
Seasonality Score: 0 (-100 ... +100)