In Converts, A Half Year New Issue Review...

At the year's midway point we thought it would be interesting to analyze 2016's issues to date through the prism of HOCS .   HOCS , for those of you not familiar, is the Hillside Overall Convertible Score , our own proprietary measure.  HOCS  rates a bond’s desirability from both practical and theoretical standpoints. It is the only quantitative convertible ranking system designed to focus on the distinctive risk/reward properties of convertible bonds. HOCS  allows institutional and retail investors to quickly evaluate the desirability and suitability of individual convertible bond without the need to rely on complicated financial models available only to major institutions. With the introduction of HOCS , Hillside Advisors hopes to bring better understanding of the convertible bond market and increase liquidity to the general investment public.

Loading PDF