What is Convertible Debentures: Definition & Meaning Explained

At The Close Or Closing Price

At the close or closing price is the last traded price of securities like stocks, ETFs, and others at the end of regular market hours.

For example, if a stock hit Rs. 4,500 at 3.30 PM (market close), then that is its price at the close also known as the closing price.

Unlike Adjusted Closing Price, at the close or closing price does not take into account price changes due to corporate actions.

Interest Rate Risk

Interest rate risk refers to the probable decline in the value of a fixed income security because of a fluctuation in the interest rate. Fixed income securities lose value when interest rates rise whereas a bond or other debt instruments become more valuable when interest rates fall. Equity shares and securities do not carry interest rate risk.

Capture Ratio

The capture ratio is used to measure the performance of an asset during market highs and lows by comparing it to a benchmark.

The result is expressed as a percentage and helps investors understand whether the asset manager was able to steer through volatility the right way. There are two types of capture ratios investors can turn to:

Up market capture ratio
Down market capture ratio

Here’s how to calculate the up market capture ratio:

Returns during market highs / Benchmark returns * 100

Here’s how to calculate the down market capture ratio:

Returns during market lows / Benchmark returns * 100

At The Money

At The Money is a scenario in which the strike price of an options contract is the same as the market price of its underlying security.

Exercising an option At The Money can lead to a loss as the premium paid for the contract won’t be recovered.

That said, At The Money is known to be a positive indicator as it indicates the option may soon have intrinsic value.

Accrued Expenses

An accrued expense is the cost that is incurred in the current accounting period but is due to be paid in the future.

More simply, an accrued expense is an unpaid bill due in the future for goods or services that have already been received by a company.

Accrued expenses show up as liabilities on a company’s books.

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Convertible Debentures

Convertible Debentures

Definition of Convertible Debentures

At The Close Or Closing Price

Interest Rate Risk

Index Arbitrage

Capture Ratio

At The Money

Accrued Expenses

Invest & Trade with a Trading
Platform That's #MadeForTrade

Convertible Debentures

Convertible Debentures

Definition of Convertible Debentures

At The Close Or Closing Price

Interest Rate Risk

Index Arbitrage

Capture Ratio

At The Money

Accrued Expenses

Invest & Trade with a Trading Platform That's #MadeForTrade

Invest & Trade with a Trading
Platform That's #MadeForTrade