Notable companies
The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), Pioneer Natural Resource Co (null:PXD), Hess Corp (NYSE:HES), Capri Holdings Limited (NYSE:CPRI).
Industry description
The investment seeks long-term capital appreciation.
The manager utilizes an actively managed merger arbitrage strategy by establishing long and short positions in the securities of companies that are involved in significant corporate events or transactions. Under normal market conditions, it will invest at least 80% of its net assets in common stock, convertibles, SPACs, preferred stock, corporate bonds, warrants and options of U.S. and non-U.S. companies which are involved, or which the advisor believes will be involved, in a variety of significant corporate events including, but not limited to merger-arbitrage investments. The fund is non-diversified.
Market Cap
The average market capitalization across the Calamos Merger Arbitrage I MF is 136.95B. The market cap for tickers in the group ranges from 3.02B to 461.22B. XOM holds the highest valuation in this group at 461.22B. The lowest valued company is AMED at 3.02B.
Volume
The average weekly volume growth across all stocks in the Calamos Merger Arbitrage I MF was -32%. For the same stocks of the MF, the average monthly volume growth was 9% and the average quarterly volume growth was -3%
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: 55
Price Growth Rating: 59
SMR Rating: 58
Profit Risk Rating: 55
Seasonality Score: -7 (-100 ... +100)