Miller Convertible Competition

MCFAX Fund

USD 13.04 0.06 0.46%

Miller Vertible Bond competes with Franklin Convertible, Franklin Convertible, Franklin Convertible, Allianzgi Convertible, and Virtus Convertible; as well as few others. The fund is listed under Convertibles category and is part of Miller Investment family. The entity is thematically classified as Convertibles Funds. Analyzing Miller Convertible competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Miller Convertible to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Miller Convertible Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Miller Convertible competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
12.65	12.98	13.31

Details

Intrinsic

Valuation

Low	Real	High
12.64	12.97	13.30

Details

Naive

Forecast

Low	Next	High
12.51	12.84	13.16

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
12.83	12.97	13.12

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Miller Convertible. Your research has to be compared to or analyzed against Miller Convertible's peers to derive any actionable benefits. When done correctly, Miller Convertible's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Miller Vertible Bond.

Miller Convertible Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Miller Convertible and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Miller and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Miller Vertible Bond does not affect the price movement of the other competitor.

	FCSZX	FISCX	FROTX	ANZAX	VAADX	FCVSX
FCSZX		0.99	1.0	0.99	0.98	0.98	FCSZX
FISCX	0.99		0.99	0.97	0.99	0.99	FISCX
FROTX	1.0	0.99		0.99	0.98	0.98	FROTX
ANZAX	0.99	0.97	0.99		0.98	0.98	ANZAX
VAADX	0.98	0.99	0.98	0.98		1.0	VAADX
FCVSX	0.98	0.99	0.98	0.98	1.0		FCVSX
	FCSZX	FISCX	FROTX	ANZAX	VAADX	FCVSX

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Risk-Adjusted Indicators

There is a big difference between Miller Mutual Fund performing well and Miller Convertible Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Miller Convertible's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCSZX	0.38	0.11	0.15	0.32	0.00	(0.48)	1.18	(0.56)	1.88
FISCX	0.36	0.14	0.11	1.61	0.00	(0.46)	1.14	(0.56)	1.92
FROTX	0.37	0.10	0.13	0.31	0.00	(0.48)	1.17	(0.58)	1.89
ANZAX	0.44	0.08	0.08	0.24	0.24	(0.53)	1.12	(0.85)	2.52
VAADX	0.44	0.13	0.07	3.46	0.27	(0.52)	1.12	(0.84)	2.53
FCVSX	0.45	0.16	0.12	7.96	0.17	(0.56)	1.09	(0.68)	2.76

Unable to evaluate fundamental data of [FCSZX, FISCX, FROTX, ANZAX, VAADX, FCVSX] at this time. Please try again later

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Miller Convertible Competitive Analysis

The better you understand Miller Convertible competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Miller Convertible's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Miller Convertible's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

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	MCFAX	FCSZX	FISCX	FROTX	ANZAX	VAADX	FCVSX
	0.46 13.04 Miller	0.74 24.41 Franklin	1.28 23.92 Franklin	1.29 23.54 Franklin	0.78 37.50 Allianzgi	0.74 36.26 Virtus	0.24 37.25 Fidelity
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weak	Solid	Solid	Solid	Solid	Solid	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued	Under Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Hold	Cautious Hold	Hold	Hold	Hold	Hold
Net Asset	774.09 M	4.13 B	2.84 B	2.84 B	2.7 B	1.76 B	1.73 B
Minimum Initial Investment	2.5 K	100 K	N/A	N/A	N/A	N/A	N/A
Price To Book	N/A	2.06 X	2.06 X	2.06 X	N/A	N/A	2.44 X
Five Year Return	4.71 %	11.82 %	11.54 %	10.73 %	10.94 %	N/A	12.10 %
One Year Return	10.54 %	24.05 %	23.74 %	22.70 %	21.01 %	N/A	21.37 %
Last Dividend Paid	0.28	0.06	0.04	0.06	N/A	N/A	0.11
Price To Earning	N/A	15.32 X	15.32 X	15.32 X	N/A	N/A	7.63 X
Price To Sales	N/A	1.72 X	1.72 X	1.72 X	N/A	N/A	2.03 X
Cash Position Weight	5.18 %	4.92 %	0.91 %	0.91 %	4.74 %	4.74 %	1.92 %
Equity Positions Weight	N/A	9.66 %	6.91 %	6.91 %	2.43 %	2.43 %	17.98 %
Three Year Return	0.10 %	1.10 %	0.86 %	0.35 %	(1.82) %	N/A	1.36 %
Annual Yield	0.03 %	0.01 %	0.01 %	0 %	0 %	N/A	0.03 %
Year To Date Return	5.80 %	15.57 %	15.30 %	14.66 %	13.06 %	N/A	14.51 %
Bond Positions Weight	15.94 %	N/A	N/A	N/A	N/A	N/A	0.44 %
Ten Year Return	6.09 %	11.39 %	11.11 %	10.28 %	11.04 %	N/A	8.97 %
Daily Balance Of Power	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T	(9,223,372,036,855)	(9,223,372,036,855)
Day Typical Price	13.04	24.41	23.92	23.54	37.5	36.26	37.25
Period Momentum Indicator	0.06	0.18	(0.31)	0.3	0.29	(0.27)	(0.09)
Rate Of Daily Change	1.0	1.01	0.99	1.01	1.01	0.99	1.0
Day Median Price	13.04	24.41	23.92	23.54	37.5	36.26	37.25
Price Action Indicator	0.03	0.09	(0.15)	0.15	0.14	(0.14)	(0.04)
Coefficient Of Variation	2755.7	297.69	308.23	305.89	383.22	385.73	344.48
Mean Deviation	0.2526	0.3778	0.363	0.3737	0.4447	0.4418	0.4548
Jensen Alpha	(0.03)	0.1069	0.1355	0.1025	0.0815	0.1337	0.1556
Total Risk Alpha	(0.04)	0.0913	0.0823	0.087	0.0649	0.0634	0.0823
Sortino Ratio	(0.29)	0.1477	0.1127	0.1317	0.0751	0.0711	0.115
Downside Variance	0.109	0.1445	0.1588	0.1554	0.2874	0.2885	0.2547
Standard Deviation	0.3385	0.4931	0.4759	0.4937	0.5738	0.5696	0.5771
Kurtosis	0.9138	0.0542	0.1969	0.1797	0.0469	0.0776	0.3357
Potential Upside	0.625	1.18	1.14	1.17	1.12	1.12	1.09
Treynor Ratio	0.0061	0.318	1.61	0.3083	0.2387	3.46	7.96
Maximum Drawdown	1.63	1.88	1.92	1.89	2.52	2.53	2.76
Variance	0.1146	0.2431	0.2265	0.2437	0.3293	0.3244	0.333
Market Risk Adjusted Performance	0.0161	0.328	1.62	0.3183	0.2487	3.47	7.97
Risk Adjusted Performance	0.0151	0.2508	0.2414	0.2439	0.1957	0.1943	0.2182
Skewness	0.351	0.3794	0.2948	0.3812	(0.04)	(0.07)	(0.07)
Semi Deviation	0.2698	0.0	0.0	0.0	0.2382	0.2679	0.1715
Information Ratio	(0.29)	0.1139	0.0944	0.1052	0.0702	0.067	0.1006
Value At Risk	(0.54)	(0.56)	(0.56)	(0.58)	(0.85)	(0.84)	(0.68)
Expected Short fall	(0.31)	(0.48)	(0.46)	(0.48)	(0.53)	(0.52)	(0.56)
Downside Deviation	0.3301	0.3802	0.3985	0.3942	0.5361	0.5371	0.5047
Semi Variance	0.0728	(0.07)	(0.06)	(0.06)	0.0567	0.0717	0.0294

Miller Convertible Competition Performance Charts

Five steps to successful analysis of Miller Convertible Competition

Miller Convertible's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Miller Vertible Bond in relation to its competition. Miller Convertible's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Miller Convertible in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Miller Convertible's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Miller Vertible Bond, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Miller Convertible position

In addition to having Miller Convertible in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Companies producing and selling home and office furniture. The Furniture theme has 42 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Furniture Theme or any other thematic opportunities.

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Other Information on Investing in Miller Mutual Fund

Miller Convertible financial ratios help investors to determine whether Miller Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Miller with respect to the benefits of owning Miller Convertible security.

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Miller Convertible Competition

Specify up to 10 symbols:

Miller Convertible Competition Correlation Matrix

Risk-Adjusted Indicators

Miller Convertible Competitive Analysis

Miller Convertible Competition Performance Charts

Five steps to successful analysis of Miller Convertible Competition

Complement your Miller Convertible position

Did You Try This Idea?

Run Furniture Thematic Idea Now

Furniture

Other Information on Investing in Miller Mutual Fund

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