Glossar

Value date defines the day on which a transaction is effectively executed.

Value-oriented investment strategy that focuses on identifying undervalued securities. It is based on fundamental analysis of a company’s intrinsic value. The objective is to benefit over the long term from the market price gradually converging towards this intrinsic value. Value investing is a well-established, long-term investment approach. A more detailed explanation can be found here.

A measure of risk that represents the maximum loss over a given period of time. For example, a VAR of 5% at a given confidence level of 99%, 1 month holding period and 1 year of historical data means that 99% of the time, at a holding period of 1 month, a loss of -5% was not exceeded within the observation period of 1 year.

Volatility is a statistical measure of the fluctuation of returns for a particular security or market index. The higher the volatility, the more the security or market index fluctuates. Volatility is usually measured as the standard deviation of the returns of a security or market index over a given period of time. At Assenagon, volatility is understood as an own asset class from which investors can profit. You can find an overview of Assenagon Volatility Funds here.