The Arbitrage Event Driven Fund Quote
| AGEAX Fund | USD 11.33 0.01 0.09% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Arbitrage Event is trading at 11.33 as of the 19th of April 2024; that is -0.09 percent down since the beginning of the trading day. The fund's open price was 11.34. Arbitrage Event has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for The Arbitrage Event Driven are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund invests in equity and debt and debt-like instruments of companies whose prices the funds investment adviser believes are or will be impacted by a corporate event. Specifically, the fund employs investment strategies designed to capture price movements generated by corporate events such as mergers, acquisitions, asset sales, restructurings, refinancings, recapitalizations, reorganizations or other special situations . More on The Arbitrage Event Driven
Moving together with Arbitrage Mutual Fund
| 0.74 | ARBCX | Arbitrage Fund | PairCorr |
| 0.76 | MERFX | Merger Fund | PairCorr |
| 0.75 | MERIX | Merger Fund | PairCorr |
Arbitrage Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Arbitrage Event's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Arbitrage Event or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Arbitrage Fund Funds, Large Funds, Event Driven Funds, Event Driven, Arbitrage Fund, Large, Event Driven (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of September 2022 |
| Fiscal Year End | May |
The Arbitrage Event Driven [AGEAX] is traded in USA and was established 19th of April 2024. Arbitrage Event is listed under Arbitrage Fund category by Fama And French industry classification. The fund is listed under Event Driven category and is part of Arbitrage Fund family. This fund presently has accumulated 109.85 M in assets under management (AUM) with no minimum investment requirementsArbitrage Event is currently producing year-to-date (YTD) return of 5.61% with the current yeild of 0.0%, while the total return for the last 3 years was 0.54%.
Check Arbitrage Event Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Arbitrage Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Arbitrage Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as The Arbitrage Event Driven Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top The Arbitrage Event Driven Mutual Fund Constituents
| XL | XL Fleet Corp | Stock | US Stock |
| SPY | SPDR SP 500 | Etf | Large Blend |
| SMH | VanEck Semiconductor ETF | Etf | Technology |
| FISV | Fiserv Inc | Stock | Information Technology |
| AMD | Advanced Micro Devices | Stock | Information Technology |
| TFC | Truist Financial Corp | Stock | Financials |
| CZR | Caesars Entertainment | Stock | Consumer Discretionary |
Arbitrage Event Target Price Odds Analysis
Based on a normal probability distribution, the odds of Arbitrage Event jumping above the current price in 90 days from now is close to 99%. The The Arbitrage Event Driven probability density function shows the probability of Arbitrage Event mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Arbitrage Event has a beta of 0.0198. This suggests as returns on the market go up, Arbitrage Event average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding The Arbitrage Event Driven will be expected to be much smaller as well. Additionally, the Arbitrage Event Driven has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Arbitrage Event to move above the current price in 90 days from now is close to 99 (This The Arbitrage Event Driven probability density function shows the probability of Arbitrage Mutual Fund to fall within a particular range of prices over 90 days) .
Arbitrage Event Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Arbitrage Event market risk premium is the additional return an investor will receive from holding Arbitrage Event long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Arbitrage Event. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Arbitrage Event's alpha and beta are two of the key measurements used to evaluate Arbitrage Event's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1335 | |||
| Standard Deviation | 0.1794 | |||
| Variance | 0.0322 | |||
| Risk Adjusted Performance | (0.1) |
Arbitrage Event Against Markets
Picking the right benchmark for Arbitrage Event mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Arbitrage Event mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Arbitrage Event is critical whether you are bullish or bearish towards The Arbitrage Event Driven at a given time. Please also check how Arbitrage Event's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Arbitrage Event without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Arbitrage Mutual Fund?
Before investing in Arbitrage Event, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Arbitrage Event. To buy Arbitrage Event fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Arbitrage Event. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Arbitrage Event fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located The Arbitrage Event Driven fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased The Arbitrage Event Driven fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as The Arbitrage Event Driven, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in The Arbitrage Event Driven?
The danger of trading The Arbitrage Event Driven is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Arbitrage Event is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Arbitrage Event. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Arbitrage Event is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Arbitrage Event Driven. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Arbitrage Event information on this page should be used as a complementary analysis to other Arbitrage Event's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.