The most notable companies in this group are Atlassian Corp (NASDAQ:TEAM), Zoom Video Communications (NASDAQ:ZM), Expedia Group (NASDAQ:EXPE).
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 IS MF is 141.97B. The market cap for tickers in the group ranges from 4.33B to 46.53B. TEAM holds the highest valuation in this group at 46.53B. The lowest valued company is PEGA at 4.33B.
The average weekly volume growth across all stocks in the Federated Hermes MDT Market Neutral IS MF was 147%. For the same stocks of the MF, the average monthly volume growth was -31% and the average quarterly volume growth was -12%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 75
P/E Growth Rating: 58
Price Growth Rating: 40
SMR Rating: 71
Profit Risk Rating: 70
Seasonality Score: 21 (-100 ... +100)