QAMNX Federated Hermes MDT Market Neutral A Forecast, Technical & Fundamental Analysis

The most notable companies in this group are ABBVIE (NYSE:ABBV), Advanced Micro Devices (NASDAQ:AMD), Advance Auto Parts (NYSE:AAP).

The investment seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. The fund seeks to achieve its objective by selecting long positions in publicly traded common stocks which its quantitative model predicts will achieve above-market returns, and short positions in publicly traded common stocks which the fund’s quantitative model predicts will achieve below-market returns. The Adviser will attempt to realize investment gains on both the long and short sides of its investment strategies through stock selection.

The average market capitalization across the Federated Hermes MDT Market Neutral A MF is 136.15B. The market cap for tickers in the group ranges from 5.07B to 322.43B. ABBV holds the highest valuation in this group at 322.43B. The lowest valued company is AAP at 5.07B.

The average weekly volume growth across all stocks in the Federated Hermes MDT Market Neutral A MF was 23%. For the same stocks of the MF, the average monthly volume growth was 41% and the average quarterly volume growth was -43%