Millerhoward High Income Fund Manager Performance Evaluation
| HIE Fund | USD 12.56 0.01 0.08% |
The fund secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Miller/howard High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Miller/howard High is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Millerhoward High Income are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of rather inconsistent forward indicators, Miller/howard High may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more1 | MILLERHOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTION - GlobeNewswire | 10/01/2024 |
| Expense Ratio | 1.7000 |
Miller/howard |
Miller/howard High Relative Risk vs. Return Landscape
If you would invest 1,179 in Millerhoward High Income on August 24, 2024 and sell it today you would earn a total of 77.00 from holding Millerhoward High Income or generate 6.53% return on investment over 90 days. Millerhoward High Income is generating 0.1022% of daily returns assuming volatility of 0.599% on return distribution over 90 days investment horizon. In other words, 5% of funds are less volatile than Miller/howard, and above 98% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Miller/howard High Current Valuation
Fairly Valued
Today
Please note that Miller/howard High's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Millerhoward High Income secures a last-minute Real Value of $12.46 per share. The latest price of the fund is $12.56. We determine the value of Millerhoward High Income from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend purchasing undervalued funds and exiting overvalued funds since, at some point, fund prices and their ongoing real values will merge together.
The fair value of the Miller/howard fund is determined by what a typical buyer is willing to pay for full or partial control of Millerhoward High Income. Since Miller/howard High is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Miller/howard Fund. However, Miller/howard High's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 12.56 | Real 12.46 | Hype 12.57 | Naive 12.59 |
The real value of Miller/howard Fund, also known as its intrinsic value, is the underlying worth of Millerhoward High Income Fund, which is reflected in its stock price. It is based on Miller/howard High's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Miller/howard High's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, or news.
Estimating the potential upside or downside of Millerhoward High Income helps investors to forecast how Miller/howard fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Miller/howard High more accurately as focusing exclusively on Miller/howard High's fundamentals will not take into account other important factors: Miller/howard High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller/howard High's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Millerhoward High Income, and traders can use it to determine the average amount a Miller/howard High's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1707
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| Cash | HIE | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.6 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Miller/howard High is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Miller/howard High by adding it to a well-diversified portfolio.
Miller/howard High Fundamentals Growth
Miller/howard Fund prices reflect investors' perceptions of the future prospects and financial health of Miller/howard High, and Miller/howard High fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Miller/howard Fund performance.
| Shares Outstanding | 18.69 M | |||
| Price To Earning | 8.78 X | |||
| Earnings Per Share | 1.16 X | |||
About Miller/howard High Performance
By analyzing Miller/howard High's fundamental ratios, stakeholders can gain valuable insights into Miller/howard High's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Miller/howard High has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Miller/howard High has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
MillerHoward High Income Equity Fund is a closed ended equity mutual fund launched and managed by Miller Howard Investments, Inc. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in growth and high dividend paying stocks of companies. The fund employs fundamental and technical analysis with a bottom-up stock picking approach to create its portfolio while focusing on factors such as business models, balance sheet strength, industry conditions, reliability of cash flow, management quality, and monopolistic qualities. MillerHoward High Income Equity Fund was formed on November 24, 2014 and is domiciled in the United States.Things to note about Millerhoward High Income performance evaluation
Checking the ongoing alerts about Miller/howard High for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Millerhoward High Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Miller/howard High's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Miller/howard High's fund performance include:- Analyzing Miller/howard High's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Miller/howard High's stock is overvalued or undervalued compared to its peers.
- Examining Miller/howard High's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Miller/howard High's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Miller/howard High's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Miller/howard High's fund. These opinions can provide insight into Miller/howard High's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Miller/howard Fund
Miller/howard High financial ratios help investors to determine whether Miller/howard 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/howard with respect to the benefits of owning Miller/howard High security.
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