Notable companies
The most notable companies in this group are Pioneer Natural Resource Co (null:PXD), Hess Corp (NYSE:HES), Splunk (NASDAQ:SPLK).
Industry description
The investment seeks to achieve capital growth by engaging in merger arbitrage.
The fund will invest at least 80% of its net assets in equity securities of companies (both U.S. and foreign) that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Equity securities include common and preferred stock. Merger arbitrage is a highly specialized investment approach designed to profit from the successful completion of mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations.
Market Cap
The average market capitalization across the Arbitrage A MF is 30.98B. The market cap for tickers in the group ranges from 1.44B to 61.67B. PXD holds the highest valuation in this group at 61.67B. The lowest valued company is EVBG at 1.44B.
Volume
The average weekly volume growth across all stocks in the Arbitrage A MF was 14%. For the same stocks of the MF, the average monthly volume growth was 59% and the average quarterly volume growth was 69%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 68
P/E Growth Rating: 64
Price Growth Rating: 54
SMR Rating: 68
Profit Risk Rating: 59
Seasonality Score: -50 (-100 ... +100)