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AEDNX
Mutual Fund ticker: NASDAQ
AS OF
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Price
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Net Assets
109.89M

AEDNX Water Island Event-Driven Fund I Forecast, Technical & Fundamental Analysis

Category Unknown
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Pioneer Natural Resource Co (NYSE:PXD), Splunk (NASDAQ:SPLK).

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 44.02B. The market cap for tickers in the group ranges from 2.29B to 54.65B. PXD holds the highest valuation in this group at 54.65B. The lowest valued company is SOVO at 2.29B.

Volume

The average weekly volume growth across all stocks in the Water Island Event-Driven Fund I MF was -4%. For the same stocks of the MF, the average monthly volume growth was -16% and the average quarterly volume growth was 20%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 69
P/E Growth Rating: 41
Price Growth Rating: 50
SMR Rating: 69
Profit Risk Rating: 58
Seasonality Score: -49 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Event Driven
Address
Arbitrage FundsC/O Sei Global Funds Services 1 Freedom Valley DriveOaks
Phone
N/A
Web
www.thearbfund.com
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AEDNX and

Correlation & Price change

A.I.dvisor indicates that over the last year, AEDNX has been loosely correlated with BCLPX. These tickers have moved in lockstep 40% of the time. This A.I.-generated data suggests there is some statistical probability that if AEDNX jumps, then BCLPX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AEDNX
1D Price
Change %
AEDNX100%
N/A
BCLPX - AEDNX
40%
Loosely correlated
N/A
BILPX - AEDNX
39%
Loosely correlated
N/A
BALPX - AEDNX
39%
Loosely correlated
N/A
VARBX - AEDNX
19%
Poorly correlated
N/A
VARAX - AEDNX
19%
Poorly correlated
N/A
More