Notable companies
The most notable companies in this group are ExxonMobil Holdings Corporation (NYSE:XOM), Pioneer Natural Resource Co (null:PXD), Splunk (NASDAQ:SPLK), Alteryx (null:AYX).
Industry description
The investment seeks returns that are largely uncorrelated with the returns of the general stock market, and capital appreciation.
Under normal market conditions, the fund's adviser intends to invest in equity securities (publicly-traded common stock and preferred stock) and derivatives thereof of companies that are involved in a significant corporate event, such as a merger or acquisition. Investments in companies undergoing a merger or acquisition have both risk and return characteristics that are different from the risks of investing in the general stock market. It may invest in equity securities of any market capitalization.
Market Cap
The average market capitalization across the First Trust Merger Arbitrage Cl C MF is 135.14B. The market cap for tickers in the group ranges from 1B to 598.99B. XOM holds the highest valuation in this group at 598.99B. The lowest valued company is SCRM at 1B.
Volume
The average weekly volume growth across all stocks in the First Trust Merger Arbitrage Cl C MF was 23%. For the same stocks of the MF, the average monthly volume growth was 38% and the average quarterly volume growth was 87%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 83
P/E Growth Rating: 15
Price Growth Rating: 39
SMR Rating: 71
Profit Risk Rating: 28
Seasonality Score: -52 (-100 ... +100)