Miller Vertible Bond Fund Price on October 31, 2024
| MCIFX Fund | USD 13.08 0.01 0.08% |
Below is the normalized historical share price chart for Miller Vertible Bond extending back to June 26, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Miller Convertible stands at 13.08, as last reported on the 27th of November, with the highest price reaching 13.08 and the lowest price hitting 13.08 during the day.
If you're considering investing in Miller Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Miller Mutual Fund to be very steady. Miller Vertible Bond has Sharpe Ratio of 0.0801, which conveys that the entity had a 0.0801% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Miller Convertible, which you can use to evaluate the volatility of the fund. Please verify Miller Convertible's Risk Adjusted Performance of 0.0361, downside deviation of 0.3537, and Mean Deviation of 0.2494 to check out if the risk estimate we provide is consistent with the expected return of 0.0275%.
Miller Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Miller |
Sharpe Ratio = 0.0801
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| Negative Returns | MCIFX |
Estimated Market Risk
| 0.34 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Miller Convertible is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Miller Convertible by adding it to a well-diversified portfolio.
Miller Convertible Valuation on October 31, 2024
It is possible to determine the worth of Miller Convertible on a given historical date. On October 31, 2024 Miller was worth 12.82 at the beginning of the trading date compared to the closed value of 12.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Miller Convertible mutual fund. Still, in general, we apply an absolute valuation method to find Miller Convertible's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Miller Convertible where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Miller Convertible's related companies.
| Open | High | Low | Close | Volume | |
| 12.90 | 12.90 | 12.90 | 12.90 | 1.00 | |
10/31/2024 | 12.82 | 12.82 | 12.82 | 12.82 | 1.00 |
| 12.86 | 12.86 | 12.86 | 12.86 | 1.00 |
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Miller Convertible Trading Date Momentum on October 31, 2024
| On November 01 2024 Miller Vertible Bond was traded for 12.86 at the closing time. The highest daily price throughout the period was 12.86 and the lowest price was 12.86 . There was no trading activity during the period 1.0. Lack of trading volume on 11/01/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.31% . The trading delta at closing time to current closing price is 1.72% . |
Miller Vertible Bond Fundamentals Correlations and Trends
By evaluating Miller Convertible's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Miller Convertible's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Miller financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Miller Convertible Mutual Fund history
Miller Convertible investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Miller is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Miller Vertible Bond will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Miller Convertible stock prices may prove useful in developing a viable investing in Miller Convertible
The fund invests at least 80 percent of its assets in convertible bonds. The managers define convertible bonds as including synthetic convertible bonds and other securities that the advisor identifies as having characteristics similar to convertible bonds.
Miller Convertible Mutual Fund Technical Analysis
Miller Convertible technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Miller Convertible Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Miller Vertible Bond cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Miller Convertible November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Miller Convertible mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Miller Convertible shares will generate the highest return on investment. By undertsting and applying Miller Convertible mutual fund market strength indicators, traders can identify Miller Vertible Bond entry and exit signals to maximize returns
Miller Convertible Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Miller Convertible's price direction in advance. Along with the technical and fundamental analysis of Miller Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Miller to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0361 | |||
| Jensen Alpha | 0.0085 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | 0.4523 |
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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.
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
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| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |