The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its underlying index, the Water Island Merger Arbitrage USD Hedged Index... Show more
A.I.dvisor tells us that ARB and MNA have been poorly correlated (+33% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ARB and MNA's prices will move in lockstep.
| Ticker / NAME | Correlation To ARB | 1D Price Change % | ||
|---|---|---|---|---|
| ARB | 100% | -0.10% | ||
| MNA - ARB | 33% Poorly correlated | -0.33% | ||
| CEFS - ARB | 18% Poorly correlated | +0.54% | ||
| GDL - ARB | -1% Poorly correlated | N/A | ||
| EVNT - ARB | -3% Poorly correlated | N/A | ||
| MRGR - ARB | -3% Poorly correlated | +0.12% | ||
More | ||||
Category Trading
The Aroon Indicator for ARB entered a downward trend on September 23, 2026. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 65 similar instances where the Aroon Indicator formed such a pattern. In 41 of the 65 cases the stock moved lower. This puts the odds of a downward move at 63%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 20 of 66 cases where ARB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 30%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARB declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 37%.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ARB's RSI Oscillator exited the oversold zone, 14 of 17 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 82%.
The Momentum Indicator moved above the 0 level on October 02, 2026. You may want to consider a long position or call options on ARB as a result. In 64 of 103 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 62%.
The Moving Average Convergence Divergence (MACD) for ARB just turned positive on October 06, 2026. Looking at past instances where ARB's MACD turned positive, the stock continued to rise in 26 of 46 cases over the following month. The odds of a continued upward trend are 57%.
ARB moved above its 50-day moving average on October 02, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +0.24% 3-day Advance, the price is estimated to grow further. Considering data from situations where ARB advanced for three days, in 191 of 325 cases, the price rose further within the following month. The odds of a continued upward trend are 59%.
ARB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.