Miller Vertible Bond Fund Market Value
| MCIFX Fund | USD 13.10 0.02 0.15% |
| Symbol | Miller |
Miller Vertible '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 Vertible'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 Vertible.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Miller Vertible on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Miller Vertible Bond or generate 0.0% return on investment in Miller Vertible over 180 days. Miller Vertible is related to or competes with Miller Market, Miller Vertible, Miller Intermediate, Miller Intermediate, and Miller Intermediate. The fund invests at least 80 percent of its assets in convertible bonds More
Miller Vertible 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 Vertible'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 Vertible Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3711 | |||
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.62 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.6221 |
Miller Vertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Vertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miller Vertible's standard deviation. In reality, there are many statistical measures that can use Miller Vertible historical prices to predict the future Miller Vertible's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 0.0599 |
Miller Vertible Bond Backtested Returns
At this stage we consider Miller Mutual Fund to be very steady. Miller Vertible Bond has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Miller Vertible, which you can use to evaluate the volatility of the fund. Please verify Miller Vertible's Mean Deviation of 0.2451, risk adjusted performance of 0.0602, and Downside Deviation of 0.3711 to check out if the risk estimate we provide is consistent with the expected return of 0.0404%. The fund secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Miller Vertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Miller Vertible is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
Miller Vertible Bond has average predictability. Overlapping area represents the amount of predictability between Miller Vertible time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Vertible Bond price movement. The serial correlation of 0.49 indicates that about 49.0% of current Miller Vertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Miller Vertible Bond lagged returns against current returns
Autocorrelation, which is Miller Vertible 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 Vertible's mutual fund expected returns. We can calculate the autocorrelation of Miller Vertible returns to help us make a trade decision. For example, suppose you find that Miller Vertible 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 Vertible 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 Vertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miller Vertible 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 Vertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Miller Vertible Lagged Returns
When evaluating Miller Vertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miller Vertible mutual fund have on its future price. Miller Vertible 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 Vertible autocorrelation shows the relationship between Miller Vertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Miller Vertible Bond.
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 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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