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By Vlad Skutelnik

November 28, 2019

In this article I will break down 3 Market Neutral equities to potentially sell in December 2019. I will cover MProved Systematic Merger Arbit, The Arbitrage Event Driven Fund, and The Arbitrage Event Driven Fund
3 Market Neutral stocks to get rid of in December 2019

This list of potential positions covers Funds investing in market neutral instruments. Funds or Etfs that invest in both long and short positions of different entities to enhance returns from broad market movements over time in USA. Please note, we provide buy hold or sell recommendation only in the context of selected investment horizon assuming investor has average attitude towards taking risk. Please also consider using Portfolio Positions Ratings and Equity Ratings tools to further calibrate your research.


MProved Systematic Merger Arbit (MMAJX)

MProved Systematic Merger Arbit [MMAJX] is traded in USA and was established December 12, 2019. The fund is listed under Market Neutral category and is part of MProved family. The entity is thematically classified as Market Neutral. MProved Systematic now has accumulated 2.24 M in assets with minimum initial investment of 10 K. MProved Systematic last-minute Real Value cannot be determined due to lack of data. The latest price of MProved Systematic is $10.65. Based on Macroaxis valuation methodology, the organization cannot be evaluated at this time. We determine the value of MProved Systematic from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend to purchase undervalued stocks and to get rid of overvalued stocks since at some point entities prices and their ongoing real values will merge together.

Water Island Diversified Event (AEDNX)

Water Island Diversified Event [AEDNX] is traded in USA and was established December 12, 2019. The fund is listed under Market Neutral category and is part of Arbitrage Fund family. Water Island Diversi presently has accumulated 130.94 M in assets under management (AUM) with minimum initial investment of 100 K. , while the total return for the last 3 years was 3.59%. Water Island Diversi maintains prevalent Real Value of $8.94 per share. The last-minute price of the fund is $9.73. At this time the fund appears to be overvalued. We determine the value of Water Island Diversi from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage to purchase undervalued securities and to sell overvalued securities since at some point equities prices and their ongoing real values will grow together.

Water Island Diversified Event (AEDFX)

Water Island Diversified Event [AEDFX] is traded in USA and was established December 12, 2019. The fund is listed under Market Neutral category and is part of Arbitrage Fund family. Water Island Diversi presently has accumulated 130.94 M in assets under management (AUM) with minimum initial investment of 2 K. , while the total return for the last 3 years was 3.3%. Water Island Diversi maintains prevalent Real Value of $8.7 per share. The last-minute price of the fund is $9.63. At this time the fund appears to be overvalued. We determine the value of Water Island Diversi from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage to purchase undervalued securities and to sell overvalued securities since at some point equities prices and their ongoing real values will grow together. Water Island competes with Calamos Market, Calamos Market, Calamos Market, BlackRock Large, BlackRock Large, Merger Fund, PIMCO RAE, PIMCO RAE, and PIMCO RAE. 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. Water Island is traded on BATS Exchange in USA.

Current 3 Market Neutral Recommendations

VolatilityHypeValuationAnalyst ConsensusFinancial LeverageOdds of DistressMacroaxis Advice
SIZ
Not Available
Not Available
CHEP
Not Available
Not Available

Competition Technical Indicators

Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
 0.08 (0.01) (0.24) (0.48)  0.11 (0.40) (0.12)  0.15 (0.15)  0.60 
 0.07 (0.01) (0.41) (0.11)  0.07 (0.53) (0.11)  0.15 (0.15)  0.51 
 0.07 (0.01) (0.36) (0.21)  0.07 (0.57) (0.10)  0.15 (0.15)  0.45 
 0.08  0.00 (0.23)  0.08  0.00 (0.38) (0.13)  0.21 (0.21)  0.42 
 0.07  0.00 (0.23)  0.05  0.00 (0.43) (0.14)  0.12 (0.23)  0.47 
 0.05  0.01 (0.42)  0.33  0.00 (0.61) (0.08)  0.12 (0.12)  0.35 
 0.24  0.00 (0.15) (0.12)  0.26 (0.16) (0.31)  0.52 (0.41)  1.75 
 0.23  0.00 (0.12)  0.27  0.26 (0.13) (0.34)  0.63 (0.42)  1.79 
 0.21 (0.01) (0.13) (0.04)  0.27 (0.16) (0.28)  0.62 (0.61)  1.74 
 0.08  0.00 (0.25)  0.09  0.00 (0.39) (0.12)  0.15 (0.15)  0.52 

About Contributor

Vlad Skutelnik
   Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management. View Profile
This story should be regarded as informational only and should not be considered as solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Macroaxis. Please refer to our Terms of Use for any information regarding our disclosure principles.

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