Forward Thinking. Finding Value.

Growing Capital

Volatility

Written by PenderFund

Technically, volatility refers to the average difference between a stock’s expected and actual returns. The actual returns may be above or below what is expected or benchmarked, and diversifying a portfolio will smooth the overall […]

October 17, 2013
Why Pender

Value Investing

Written by PenderFund

At its most simple, value investing is an investing strategy whereby investors buy a stock they believe to be undervalued (compared to an estimate of the company’s intrinsic value), with a view to profiting when […]

October 17, 2013
Growing Capital

Bond Yields

Written by PenderFund

Yield measures a bond’s rate of return. It is calculated differently than a regular stock return because it takes into account the interest and coupon rates, as well as the time to maturity. Related Content:[catlist […]

October 8, 2013
Protecting Capital

Margin of Safety

Written by PenderFund

Benjamin Graham, believed by many to be the father of value investing, wrote in his book The Intelligent Investor, “Confronted with [the] challenge to distill the secret of sound investment into three words, we venture […]

October 8, 2013
Growing Capital

Intrinsic Value

Written by PenderFund

Intrinsic value is the actual value of a company as opposed to its current market price. If an investor can conservatively estimate an actual intrinsic value range for a company, then he or she can […]

October 8, 2013