Miller Market Neutral Fund Market Value
| MMNIX Fund | 10.68 0.01 0.09% |
| Symbol | Miller |
Miller Market '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 Market'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 Market.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Miller Market on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Miller Market Neutral or generate 0.0% return on investment in Miller Market over 30 days. Miller Market is related to or competes with Miller Vertible, Miller Vertible, Miller Vertible, Miller Intermediate, Miller Intermediate, and Miller Intermediate. The funds advisor seeks to achieve maximum current income while remaining market neutral by achieving a low correlation ... More
Miller Market 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 Market'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 Market Neutral upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1011 | |||
| Information Ratio | (1.05) | |||
| Maximum Drawdown | 0.3834 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.191 |
Miller Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miller Market's standard deviation. In reality, there are many statistical measures that can use Miller Market historical prices to predict the future Miller Market's volatility.| Risk Adjusted Performance | 0.2922 | |||
| Jensen Alpha | 0.0356 | |||
| Total Risk Alpha | 0.0182 | |||
| Sortino Ratio | (0.93) | |||
| Treynor Ratio | (1.76) |
Miller Market Neutral Backtested Returns
At this stage we consider Miller Mutual Fund to be very steady. Miller Market Neutral has Sharpe Ratio of 0.46, which conveys that the entity had a 0.46% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Miller Market, which you can use to evaluate the volatility of the fund. Please verify Miller Market's Risk Adjusted Performance of 0.2922, mean deviation of 0.074, and Coefficient Of Variation of 208.19 to check out if the risk estimate we provide is consistent with the expected return of 0.0422%. The fund secures a Beta (Market Risk) of -0.0189, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Miller Market are expected to decrease at a much lower rate. During the bear market, Miller Market is likely to outperform the market.
Auto-correlation | 0.51 |
Modest predictability
Miller Market Neutral has modest predictability. Overlapping area represents the amount of predictability between Miller Market time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Market Neutral price movement. The serial correlation of 0.51 indicates that about 51.0% of current Miller Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Miller Market Neutral lagged returns against current returns
Autocorrelation, which is Miller Market 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 Market's mutual fund expected returns. We can calculate the autocorrelation of Miller Market returns to help us make a trade decision. For example, suppose you find that Miller Market 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 Market 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 Market mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miller Market 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 Market mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Miller Market Lagged Returns
When evaluating Miller Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miller Market mutual fund have on its future price. Miller Market 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 Market autocorrelation shows the relationship between Miller Market mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Miller Market Neutral.
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 Market 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 Market security.
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