Miller Intermediate Bond Fund Manager Performance Evaluation
| MIFCX Fund | USD 27.54 0.11 0.40% |
The fund secures a Beta (Market Risk) of 0.0236, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Miller Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Miller Intermediate is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Miller Intermediate Bond are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Miller Intermediate is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.0400 |
Miller |
Miller Intermediate Relative Risk vs. Return Landscape
If you would invest 2,646 in Miller Intermediate Bond on August 29, 2024 and sell it today you would earn a total of 99.00 from holding Miller Intermediate Bond or generate 3.74% return on investment over 90 days. Miller Intermediate Bond is currently producing 0.0592% returns and takes up 0.4171% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than Miller, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Miller Intermediate Current Valuation
Fairly Valued
Today
Please note that Miller Intermediate's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Miller Intermediate Bond secures a last-minute Real Value of $27.43 per share. The latest price of the fund is $27.54. We determine the value of Miller Intermediate Bond from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Miller Intermediate is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Miller Mutual Fund. However, Miller Intermediate's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 27.54 | Real 27.43 | Hype 27.54 | Naive 27.9 |
The intrinsic value of Miller Intermediate's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Miller Intermediate's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Miller Intermediate Bond helps investors to forecast how Miller mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Miller Intermediate more accurately as focusing exclusively on Miller Intermediate's fundamentals will not take into account other important factors: Miller Intermediate Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Intermediate's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Miller Intermediate Bond, and traders can use it to determine the average amount a Miller Intermediate's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1419
| Best Portfolio | Best Equity | |||
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| Cash | MIFCX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.42 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Miller Intermediate is performing at about 11% 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 Intermediate by adding it to a well-diversified portfolio.
Miller Intermediate Fundamentals Growth
Miller Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Miller Intermediate, and Miller Intermediate fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Miller Mutual Fund performance.
| Total Asset | 112.9 M | |||
About Miller Intermediate Performance
Evaluating Miller Intermediate's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Miller Intermediate has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Miller Intermediate has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks to maximize total return comprising current income and capital appreciation, consistent with preservation of capital the fund also seeks to realize a total return that outperforms the Bloomberg Barclays U.S. Aggregate Bond Index over full market cycles. Under normal conditions, the fund invests at least 80 percent of its assets in a portfolio of bonds with a dollar-weighted average maturity of between three and ten years.Things to note about Miller Intermediate Bond performance evaluation
Checking the ongoing alerts about Miller Intermediate for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Miller Intermediate Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 27.84% of its assets in bonds |
- Analyzing Miller Intermediate's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Miller Intermediate's stock is overvalued or undervalued compared to its peers.
- Examining Miller Intermediate's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Miller Intermediate's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Miller Intermediate's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Miller Intermediate's mutual fund. These opinions can provide insight into Miller Intermediate's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Miller Mutual Fund
Miller Intermediate 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 Intermediate security.
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