Miller Intermediate Bond Fund Market Value
| MIFIX Fund | USD 16.82 0.02 0.12% |
| Symbol | Miller |
Miller Intermediate '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 Intermediate'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 Intermediate.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Miller Intermediate on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Miller Intermediate Bond or generate 0.0% return on investment in Miller Intermediate over 180 days. Miller Intermediate is related to or competes with Miller Vertible, Miller Vertible, Miller Vertible, Miller Intermediate, Miller Intermediate, and . 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. More
Miller Intermediate 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 Intermediate'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 Intermediate Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.299 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.26 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.5451 |
Miller Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miller Intermediate's standard deviation. In reality, there are many statistical measures that can use Miller Intermediate historical prices to predict the future Miller Intermediate's volatility.| Risk Adjusted Performance | 0.0813 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.0841 |
Miller Intermediate Bond Backtested Returns
At this stage we consider Miller Mutual Fund to be very steady. Miller Intermediate Bond has Sharpe Ratio of 0.16, which conveys that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Miller Intermediate, which you can use to evaluate the volatility of the fund. Please verify Miller Intermediate's Risk Adjusted Performance of 0.0813, downside deviation of 0.299, and Mean Deviation of 0.2072 to check out if the risk estimate we provide is consistent with the expected return of 0.0424%. The fund secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. 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.
Auto-correlation | 0.63 |
Good predictability
Miller Intermediate Bond has good predictability. Overlapping area represents the amount of predictability between Miller Intermediate 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 Intermediate Bond price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Miller Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Miller Intermediate Bond lagged returns against current returns
Autocorrelation, which is Miller Intermediate 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 Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Miller Intermediate returns to help us make a trade decision. For example, suppose you find that Miller Intermediate 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 Intermediate 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 Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miller Intermediate 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 Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Miller Intermediate Lagged Returns
When evaluating Miller Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miller Intermediate mutual fund have on its future price. Miller Intermediate 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 Intermediate autocorrelation shows the relationship between Miller Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Miller Intermediate 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 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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