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MENAX Madison Covered Call & Equity Income A Forecast, Technical & Fundamental Analysis

Category Trading
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Medtronic plc (NYSE:MDT), CVS HEALTH Corp (NYSE:CVS), American Tower Corp (NYSE:AMT), Constellation Brands (NYSE:STZ), Las Vegas Sands Corp (NYSE:LVS), Transocean Ltd (NYSE:RIG).

Industry description

The investment seeks to provide consistent total return and, secondarily, to provide a high level of income and gains from option premiums. The fund invests, under normal conditions, primarily in common stocks of large- and mid-capitalization issuers that are, in the view of the fund's investment adviser, selling at a reasonable price in relation to their long-term earnings growth rates. It will invest at least 80% of its net assets in common stocks, with at least 65% of this amount invested in common stocks of large capitalization issuers that meet the fund's selection criteria.

Market Cap

The average market capitalization across the Madison Covered Call & Equity Income A MF is 80.83B. The market cap for tickers in the group ranges from 5.15B to 184.93B. DHR holds the highest valuation in this group at 184.93B. The lowest valued company is RIG at 5.15B.

Volume

The average weekly volume growth across all stocks in the Madison Covered Call & Equity Income A MF was 18%. For the same stocks of the MF, the average monthly volume growth was 71% and the average quarterly volume growth was 32%

Fundamental Analysis Ratings

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

Valuation Rating: 43
P/E Growth Rating: 58
Price Growth Rating: 57
SMR Rating: 59
Profit Risk Rating: 81
Seasonality Score: 59 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Derivative Income
Address
Madison420 W 7th Street STE 219083Kansas City
Phone
(800) 767-0300
Web
www.madisonfunds.com
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MENAX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, MENAX has been closely correlated with MENCX. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if MENAX jumps, then MENCX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MENAX
1D Price
Change %
MENAX100%
-0.53%
MENCX - MENAX
99%
Closely correlated
-0.61%
BHEIX - MENAX
82%
Closely correlated
-0.98%
BMCIX - MENAX
82%
Closely correlated
-0.98%
JEPCX - MENAX
68%
Closely correlated
-0.13%
JEPAX - MENAX
68%
Closely correlated
-0.13%
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