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HMEAX
Mutual Fund ticker: NASDAQ
AS OF
Jun 5 closing price
Price
$19.55
Change
-$0.02 (-0.10%)
Net Assets
1.09B

HMEAX NexPoint Merger Arbitrage A Forecast, Technical & Fundamental Analysis

The investment seeks to generate positive absolute returns... Show more

Category: #Trading
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A.I.Advisor
published Highlights

Industry description

The investment seeks to generate positive absolute returns. The fund normally invests at least 80% of the value of its total assets (net assets plus the amount of any borrowings for investment purposes) in securities of companies that are involved in publicly-announced mergers (including mergers through takeovers and tender offers, so long as tender offers are being used to effect a merger) ("Merger Transactions") or companies that the Adviser believes may be involved in Merger Transactions. It engages in risk arbitrage strategies, particularly merger arbitrage strategies, in order to achieve its investment objective. The fund is non-diversified.

Market Cap

The average market capitalization across the NexPoint Merger Arbitrage A MF is 69.69B. The market cap for tickers in the group ranges from 927.17M to 5.84B. SRC holds the highest valuation in this group at 5.84B. The lowest valued company is CHS at 927.17M.

Volume

The average weekly volume growth across all stocks in the NexPoint Merger Arbitrage A MF was -10%. For the same stocks of the MF, the average monthly volume growth was -20% and the average quarterly volume growth was -23%

Fundamental Analysis Ratings

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

Valuation Rating: 71
P/E Growth Rating: 52
Price Growth Rating: 41
SMR Rating: 56
Profit Risk Rating: 52
Seasonality Score: 10 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Event Driven
Address
NEXPOINT FUNDS I300 CRESCENT COURT, SUITE 700Dallas
Phone
N/A
Web
www.highlandfunds.com
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HMEAX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, HMEAX has been closely correlated with HMEZX. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if HMEAX jumps, then HMEZX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HMEAX
1D Price
Change %
HMEAX100%
N/A
HMEZX - HMEAX
92%
Closely correlated
N/A
HMECX - HMEAX
91%
Closely correlated
N/A
HHCCX - HMEAX
52%
Loosely correlated
N/A
HHCAX - HMEAX
51%
Loosely correlated
N/A
HHCZX - HMEAX
51%
Loosely correlated
N/A
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