Miller Income Fund Market Value
| LMCLX Fund | USD 9.22 0.12 1.28% |
| Symbol | Miller |
Miller Income '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 Income'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 Income.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Miller Income on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Miller Income Fund or generate 0.0% return on investment in Miller Income over 90 days. Miller Income is related to or competes with Blackrock Conservative, Guggenheim Diversified, and Adams Diversified. The investment seeks to provide a high level of income while maintaining the potential for growth More
Miller Income 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 Income'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 Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7744 | |||
| Information Ratio | 0.0759 | |||
| Maximum Drawdown | 6.7 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 2.1 |
Miller Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miller Income's standard deviation. In reality, there are many statistical measures that can use Miller Income historical prices to predict the future Miller Income's volatility.| Risk Adjusted Performance | 0.1451 | |||
| Jensen Alpha | 0.2104 | |||
| Total Risk Alpha | 0.0229 | |||
| Sortino Ratio | 0.1172 | |||
| Treynor Ratio | 32.99 |
Miller Income Backtested Returns
Miller Income appears to be not too volatile, given 3 months investment horizon. Miller Income has Sharpe Ratio of 0.19, which conveys that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Miller Income, which you can use to evaluate the volatility of the fund. Please exercise Miller Income's Mean Deviation of 0.882, downside deviation of 0.7744, and Risk Adjusted Performance of 0.1451 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.0064, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Miller Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Miller Income is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Miller Income Fund has good predictability. Overlapping area represents the amount of predictability between Miller Income time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Income price movement. The serial correlation of 0.75 indicates that around 75.0% of current Miller Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Miller Income lagged returns against current returns
Autocorrelation, which is Miller Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Miller Income returns to help us make a trade decision. For example, suppose you find that Miller Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miller Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Miller Income Lagged Returns
When evaluating Miller Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miller Income mutual fund have on its future price. Miller Income 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 Income autocorrelation shows the relationship between Miller Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Miller Income Fund.
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 Income 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 Income security.
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