Forward Thinking. Finding Value.

Up the Down Market 2016

Pender’s Investment Team and other colleagues supported the Down Syndrome Research Foundation at their annual Up the Down Market “stimulated stock market” dinner in Vancouver. The event raised its target of at least $25,000 to […]


Sharpe Ratio

Almost all investments come with an element of risk but does this risk contribute to your return? Sharpe ratio is one of the calculations available to investors to assess returns on a risk-adjusted basis – […]


Beta is a measure that investors can use when assessing a potential investment for volatility. Beta measures correlation to the market (or a benchmark) and how susceptible a stock or fund is to the fluctuations […]


Alpha is the measure of a fund’s actual performance above its anticipated performance, as predicted by beta. Take the fund’s performance against its benchmark on a risk-adjusted basis to ascertain the excess. This relative outperformance […]


At Pender, we consider ourselves owners of a business, not just its stock, which means that when we think about risk we believe that real investment risk is not measured by fluctuations in a stock’s […]