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HMECX NexPoint Merger Arbitrage C Forecast, Technical & Fundamental Analysis

Category Trading
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 C 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 C 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)
View a ticker or compare two or three
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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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HMECX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, HMECX has been closely correlated with HMEAX. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if HMECX jumps, then HMEAX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HMECX
1D Price
Change %
HMECX100%
-0.05%
HMEAX - HMECX
91%
Closely correlated
-0.05%
AEDNX - HMECX
35%
Loosely correlated
-0.34%
VARBX - HMECX
34%
Loosely correlated
N/A
VARAX - HMECX
28%
Poorly correlated
N/A
GADVX - HMECX
24%
Poorly correlated
-0.18%
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