Miller Opportunity Trust Fund Market Value
| LGOAX Fund | USD 38.86 0.37 0.94% |
| Symbol | Miller |
Miller Opportunity 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Miller Opportunity's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Miller Opportunity.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Miller Opportunity on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Miller Opportunity Trust or generate 0.0% return on investment in Miller Opportunity over 270 days. Miller Opportunity is related to or competes with Saat Moderate, Transamerica Cleartrack, Jp Morgan, Franklin Lifesmart, Pro-blend(r) Moderate, Blackrock Moderate, and Target Retirement. The fund normally makes investments that, in the portfolio managers opinion, offer the opportunity for long-term growth ... More
Miller Opportunity Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Miller Opportunity's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Miller Opportunity Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | 0.0803 | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 2.25 |
Miller Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miller Opportunity's standard deviation. In reality, there are many statistical measures that can use Miller Opportunity historical prices to predict the future Miller Opportunity's volatility.| Risk Adjusted Performance | 0.1488 | |||
| Jensen Alpha | 0.2251 | |||
| Total Risk Alpha | 0.0281 | |||
| Sortino Ratio | 0.0792 | |||
| Treynor Ratio | (3.35) |
Miller Opportunity Trust Backtested Returns
Miller Opportunity appears to be very steady, given 3 months investment horizon. Miller Opportunity Trust has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Miller Opportunity, which you can use to evaluate the volatility of the fund. Please exercise Miller Opportunity's Downside Deviation of 1.22, risk adjusted performance of 0.1488, and Mean Deviation of 0.8946 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of -0.0648, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Miller Opportunity are expected to decrease at a much lower rate. During the bear market, Miller Opportunity is likely to outperform the market.
Auto-correlation | 0.38 |
Below average predictability
Miller Opportunity Trust has below average predictability. Overlapping area represents the amount of predictability between Miller Opportunity time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Miller Opportunity Trust price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Miller Opportunity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 4.37 |
Miller Opportunity Trust lagged returns against current returns
Autocorrelation, which is Miller Opportunity mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Miller Opportunity's mutual fund expected returns. We can calculate the autocorrelation of Miller Opportunity returns to help us make a trade decision. For example, suppose you find that Miller Opportunity has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Miller Opportunity regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Miller Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miller Opportunity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Miller Opportunity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Miller Opportunity Lagged Returns
When evaluating Miller Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miller Opportunity mutual fund have on its future price. Miller Opportunity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Miller Opportunity autocorrelation shows the relationship between Miller Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Miller Opportunity Trust.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Miller Mutual Fund
Miller Opportunity 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 Opportunity security.
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