Notable companies
The most notable companies in this group are Pioneer Natural Resource Co (null:PXD), Hess Corp (NYSE:HES), Alteryx (null:AYX).
Industry description
The investment seeks to achieve capital growth.
The fund invests in equity and debt and debt-like instruments (including high yield bonds commonly known as "junk bonds") of companies whose prices the fund's investment adviser believes are or will be impacted by a corporate event. Specifically, the fund employs investment strategies designed to capture price movements generated by corporate events such as mergers, acquisitions, asset sales, restructurings, refinancings, recapitalizations, reorganizations or other special situations (referred to as "event-driven opportunities"). It is non-diversified.
Market Cap
The average market capitalization across the Water Island Event-Driven Fund I MF is 28.77B. The market cap for tickers in the group ranges from 2.34B to 61.67B. PXD holds the highest valuation in this group at 61.67B. The lowest valued company is SOVO at 2.34B.
Volume
The average weekly volume growth across all stocks in the Water Island Event-Driven Fund I MF was -10%. For the same stocks of the MF, the average monthly volume growth was -5% and the average quarterly volume growth was 9%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 76
P/E Growth Rating: 73
Price Growth Rating: 51
SMR Rating: 67
Profit Risk Rating: 44
Seasonality Score: -8 (-100 ... +100)