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Advent/claymore Enhanced Growth &ome (Advent/claymore Enhanced Growth &ome) Sloan Ratio % : 0.00% (As of Apr. 2018)


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What is Advent/claymore Enhanced Growth &ome Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Advent/claymore Enhanced Growth &ome's Sloan Ratio for the quarter that ended in Apr. 2018 was 0.00%.

As of Apr. 2018, Advent/claymore Enhanced Growth &ome has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Advent/claymore Enhanced Growth &ome Sloan Ratio % Historical Data

The historical data trend for Advent/claymore Enhanced Growth &ome's Sloan Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Advent/claymore Enhanced Growth &ome Sloan Ratio % Chart

Advent/claymore Enhanced Growth &ome Annual Data
Trend Oct17
Sloan Ratio %
-

Advent/claymore Enhanced Growth &ome Semi-Annual Data
Oct17 Apr18
Sloan Ratio % - -

Competitive Comparison of Advent/claymore Enhanced Growth &ome's Sloan Ratio %

For the Asset Management subindustry, Advent/claymore Enhanced Growth &ome's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Advent/claymore Enhanced Growth &ome's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent/claymore Enhanced Growth &ome's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Advent/claymore Enhanced Growth &ome's Sloan Ratio % falls into.



Advent/claymore Enhanced Growth &ome Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Advent/claymore Enhanced Growth &ome's Sloan Ratio for the fiscal year that ended in Oct. 2017 is calculated as

Sloan Ratio=(Net Income (A: Oct. 2017 )-Cash Flow from Operations (A: Oct. 2017 )
-Cash Flow from Investing (A: Oct. 2017 ))/Total Assets (A: Oct. 2017 )
=(13.055-65.798
-0)/124.87
=-42.24%

Advent/claymore Enhanced Growth &ome's Sloan Ratio for the quarter that ended in Apr. 2018 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Apr. 2018 )
=(-
-)/
=%

Advent/claymore Enhanced Growth &ome does not have enough years/quarters to calculate the Net Income, Cash Flow from Investing, and Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2018.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Advent/claymore Enhanced Growth &ome  (NYSE:LCM) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Apr. 2018, Advent/claymore Enhanced Growth &ome has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


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Advent/claymore Enhanced Growth &ome (Advent/claymore Enhanced Growth &ome) Business Description

Traded in Other Exchanges
N/A
Address
Advent/claymore Enhanced Growth & Income is a diversified, closed-end management investment company. Its investment objective is to seek current income and current gains from trading in securities, with a objective of long-term capital appreciation.
Executives
Tony Huang officer: V.P. & Assistant Secretary 227 WEST MONROE STREET, CHICAGO IL 60606
Gerald L Seizert director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Andrew Dakos 10 percent owner 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Steven Samuels 10 percent owner 72 COLEYTOWN ROAD, WESTPORT CT 06882
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Tracy V Maitland director, officer: Chairman, CEO & President, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Doug Teresko other: Managing Director 1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020
Ronald Nyberg director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Edward C Delk officer: CCO & Secy 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Michael A Smart director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Robert Scott Schwartz officer: Chief Compliance Officer 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10002
Derek Medina director, other: Trustee ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123
Richard Rosen other: Portfolio Manager 2455 CORPORATE WEST DRIVE, LISLE IL 60532

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