Miller Income Fund Market Value
LMCLX Fund | USD 8.01 0.12 1.52% |
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.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Miller Income on February 27, 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 30 days. Miller Income is related to or competes with USCF Gold, Miller Income, Miller Income, Miller Income, Miller Income, and Miller Opportunity. Under normal market conditions, the fund will invest without limit primarily in cash distributing equity, and equity-lik... 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 | 1.15 | |||
Information Ratio | 0.0403 | |||
Maximum Drawdown | 3.74 | |||
Value At Risk | (1.77) | |||
Potential Upside | 1.58 |
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 | 0.1004 | |||
Jensen Alpha | 0.0189 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | 0.0355 | |||
Treynor Ratio | 0.1403 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Miller Income's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Miller Income Fund Backtested Returns
Miller Income appears to be not too volatile, given 3 months investment horizon. Miller Income Fund 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 Risk Adjusted Performance of 0.1004, mean deviation of 0.8287, and Downside Deviation of 1.15 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 1.18, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Miller Income will likely underperform.
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 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Fund 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 | 0.76 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Miller Income Fund 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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Miller Income in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Miller Income's short interest history, or implied volatility extrapolated from Miller Income options trading.
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Complementary Tools for Miller Mutual Fund analysis
When running Miller Income's price analysis, check to measure Miller Income's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Miller Income is operating at the current time. Most of Miller Income's value examination focuses on studying past and present price action to predict the probability of Miller Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Income's price. Additionally, you may evaluate how the addition of Miller Income to your portfolios can decrease your overall portfolio volatility.
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Miller Income technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.