Miller Vertible Competition

MCIFX Fund

USD 13.35 0.05 0.38%

Miller Vertible Bond competes with Invesco Gold, Goldman Sachs, James Balanced, Short Precious, and Gold; as well as few others. The fund is listed under Convertibles category and is part of Miller Investment family. Analyzing Miller Vertible 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 Vertible to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Miller Vertible Correlation with its peers.

Miller Vertible vs Europac Gold Correlation

Almost no diversification

The correlation between Miller Vertible Bond and EPGFX is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Miller Vertible Bond and EPGFX in the same portfolio, assuming nothing else is changed.

Moving together with Miller Mutual Fund

0.93	MMNIX	Miller Market Neutral	Pair Corr
1.0	MCFCX	Miller Vertible Bond	Pair Corr
0.97	MCFAX	Miller Vertible Bond	Pair Corr

Moving against Miller Mutual Fund

0.31

MCSVX

Mainstay Vertible

Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
13.06	13.35	13.64

Details

Intrinsic

Valuation

Low	Real	High
12.98	13.27	13.56

Details

Naive

Forecast

Low	Next	High
13.02	13.31	13.60

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
12.98	13.19	13.41

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Miller Vertible. Your research has to be compared to or analyzed against Miller Vertible's peers to derive any actionable benefits. When done correctly, Miller Vertible'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 Vertible Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Miller Vertible 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.

	XGGNX	IOGYX	GCEBX	GLRBX	SPPIX	USERX	EPGFX
XGGNX		0.96	0.79	0.89	-0.97	0.97	0.99	XGGNX
IOGYX	0.96		0.77	0.89	-0.98	1.0	0.97	IOGYX
GCEBX	0.79	0.77		0.6	-0.72	0.77	0.78	GCEBX
GLRBX	0.89	0.89	0.6		-0.91	0.89	0.9	GLRBX
SPPIX	-0.97	-0.98	-0.72	-0.91		-0.98	-0.98	SPPIX
USERX	0.97	1.0	0.77	0.89	-0.98		0.98	USERX
EPGFX	0.99	0.97	0.78	0.9	-0.98	0.98		EPGFX
	XGGNX	IOGYX	GCEBX	GLRBX	SPPIX	USERX	EPGFX

High positive correlations

USERX	+ 1.0	IOGYX
EPGFX	+ 0.99	XGGNX
EPGFX	+ 0.98	USERX
USERX	+ 0.97	XGGNX
EPGFX	+ 0.97	IOGYX
IOGYX	+ 0.96	XGGNX

High negative correlations

EPGFX	- 0.98	SPPIX
USERX	- 0.98	SPPIX
SPPIX	- 0.98	IOGYX
SPPIX	- 0.97	XGGNX
SPPIX	- 0.91	GLRBX
SPPIX	- 0.72	GCEBX

Risk-Adjusted Indicators

There is a big difference between Miller Mutual Fund performing well and Miller Vertible 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 Vertible'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
XGGNX	0.72	0.23	0.15	0.99	0.80	(0.83)	1.93	(1.17)	3.80
IOGYX	1.74	0.41	0.13	0.44	2.46	(1.80)	4.28	(3.94)	16.72
GCEBX	0.75	0.17	0.11	(1.25)	0.88	(0.85)	2.20	(0.99)	6.03
GLRBX	0.37	0.07	0.11	0.20	0.22	(0.44)	0.71	(0.62)	4.88
SPPIX	1.98	(0.47)	0.00	0.76	0.00	0.00	4.27	(4.58)	11.01
USERX	1.91	0.49	0.16	0.53	2.49	(2.11)	4.66	(3.75)	17.81
EPGFX	1.61	0.47	0.15	58.61	2.08	(1.71)	4.31	(3.75)	9.08

Miller Vertible Competitive Analysis

The better you understand Miller Vertible competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Miller Vertible'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 Vertible's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	MCIFX	XGGNX	IOGYX	GCEBX	GLRBX	SPPIX	USERX	EPGFX
	0.38 13.35 Miller	0.86 5.78 Gamco	4.28 67.70 Invesco	0.16 12.34 Goldman	0.04 24.52 James	4.00 2.88 Short	5.50 34.72 Gold	0.69 21.60 Europac
Market Volatility (90 Days Market Risk)	Very steady	Not too volatile	Very steady	Very steady	Very steady	Unstable	Very steady	Not too volatile
Market Performance (90 Days Performance)	Solid	Solid	Good	Fair	Good	Weakest	Solid	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Fair	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Fairly Valued	Over Valued	Under Valued	Over Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Buy	Buy	Sell	Strong Buy	Strong Sell	Buy	Hold
Net Asset	475.5 M	N/A	1.11 B	85.53 M	416.51 M	3.13 M	275.96 M	556.47 M
Minimum Initial Investment	N/A	N/A	N/A	N/A	N/A	15 K	5 K	N/A
Price To Book	N/A	N/A	N/A	N/A	2.01 X	N/A	1.55 X	1.24 X
Five Year Return	2.49 %	N/A	23.38 %	N/A	7.32 %	(24.53) %	27.14 %	18.02 %
One Year Return	7.77 %	N/A	100.00 %	N/A	13.93 %	(66.42) %	100.00 %	100.00 %
Last Dividend Paid	0.3	0.05	0.57	0.08	0.04	0.27	0.36	1.15
Price To Earning	N/A	N/A	N/A	N/A	13.88 X	N/A	17.69 X	43.64 X
Price To Sales	N/A	N/A	N/A	N/A	0.84 X	N/A	2.10 X	4.16 X
Cash Position Weight	9.49 %	N/A	1.54 %	0.41 %	5.97 %	93.41 %	1.14 %	0.34 %
Equity Positions Weight	N/A	N/A	98.26 %	99.59 %	42.32 %	N/A	95.04 %	98.60 %
Three Year Return	6.02 %	N/A	44.62 %	N/A	12.45 %	(32.56) %	56.96 %	41.13 %
Annual Yield	0.04 %	N/A	0.01 %	0.01 %	0.01 %	0.1 %	0.03 %	0.07 %
Year To Date Return	2.54 %	N/A	22.78 %	N/A	2.71 %	0.17 %	30.46 %	21.82 %
Bond Positions Weight	3.77 %	N/A	N/A	N/A	0.75 %	N/A	3.73 %	N/A
Ten Year Return	6.63 %	N/A	(2.05) %	N/A	4.76 %	(11.40) %	(1.54) %	N/A
Day Typical Price	13.35	5.78	67.7	12.34	24.52	2.88	34.72	21.6
Daily Balance Of Power	9.2 T	0	9.2 T	0	9.2 T	0	9.2 T	0
Period Momentum Indicator	0.05	(0.05)	2.78	(0.02)	0.01	(0.12)	1.81	(0.15)
Rate Of Daily Change	1.0	0.99	1.04	1.0	1.0	0.96	1.05	0.99
Day Median Price	13.35	5.78	67.7	12.34	24.52	2.88	34.72	21.6
Price Action Indicator	0.025	(0.03)	1.39	(0.01)	0.005	(0.06)	0.91	(0.07)
Relative Strength Index	69.3	58.93	57.96	66.59	63.27	38.56	59.71	55.43
Coefficient Of Variation	513.27	419.1	549.69	572.88	593.21	(589.29)	494.79	491.6
Mean Deviation	0.2206	0.7228	1.74	0.7503	0.3732	1.98	1.91	1.61
Jensen Alpha	0.0326	0.2264	0.4064	0.1724	0.0737	(0.47)	0.4948	0.4685
Total Risk Alpha	0.0288	0.1727	0.2948	0.1033	0.056	(0.68)	0.3712	0.3219
Sortino Ratio	0.0041	0.1521	0.1316	0.1121	0.1078	N/A	0.157	0.1509
Downside Variance	0.1078	1.59	9.63	1.16	0.2076	N/A	9.98	7.86
Standard Deviation	0.2931	1.04	2.55	1.01	0.6221	2.89	2.73	2.35
Kurtosis	0.6957	4.76	6.65	2.59	20.21	5.96	5.08	5.72
Potential Upside	0.4669	1.93	4.28	2.2	0.7052	4.27	4.66	4.31
Treynor Ratio	0.1486	0.9876	0.436	(1.25)	0.2046	0.7588	0.5305	58.61
Maximum Drawdown	1.32	3.8	16.72	6.03	4.88	11.01	17.81	9.08
Variance	0.0859	1.08	6.51	1.02	0.3871	8.33	7.45	5.54
Market Risk Adjusted Performance	0.1586	0.9976	0.446	(1.24)	0.2146	0.7688	0.5405	58.62
Risk Adjusted Performance	0.1278	0.1778	0.1405	0.1307	0.1218	(0.12)	0.1555	0.156
Skewness	(0.16)	(0.99)	(1.62)	(0.38)	3.26	1.51	(1.24)	(1.34)
Semi Deviation	0.092	0.8012	2.46	0.8804	0.2234	N/A	2.49	2.08
Information Ratio	0.0046	0.1848	0.1601	0.1194	0.079	(0.19)	0.1817	0.1797
Value At Risk	(0.53)	(1.17)	(3.94)	(0.99)	(0.62)	(4.58)	(3.75)	(3.75)
Expected Short fall	(0.28)	(0.83)	(1.80)	(0.85)	(0.44)	N/A	(2.11)	(1.71)
Downside Deviation	0.3283	1.26	3.1	1.08	0.4556	N/A	3.16	2.8
Semi Variance	0.0085	0.6419	6.05	0.7751	0.0499	N/A	6.21	4.34

Miller Vertible Competition Performance Charts

Five steps to successful analysis of Miller Vertible Competition

Miller Vertible'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 Vertible's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Miller Vertible 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 Vertible'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 Vertible position

In addition to having Miller Vertible 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.

Did You Try This Idea?

Run Heavy Metals Thematic Idea Now

Heavy Metals

Companies involved in mining, production, and distribution of various industrial metals and minerals. The Heavy Metals theme has 48 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 Heavy Metals Theme or any other thematic opportunities.

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Other Information on Investing in Miller Mutual Fund

Miller Vertible 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 Vertible security.

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Miller Vertible Competition

Miller Vertible vs Europac Gold Correlation

Almost no diversification

Moving together with Miller Mutual Fund

Moving against Miller Mutual Fund

Specify up to 10 symbols:

Miller Vertible Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Miller Vertible Competitive Analysis

Miller Vertible Competition Performance Charts

Five steps to successful analysis of Miller Vertible Competition

Complement your Miller Vertible position

Did You Try This Idea?

Run Heavy Metals Thematic Idea Now

Heavy Metals

Other Information on Investing in Miller Mutual Fund

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