Miller Income Fund Market Value

LMCLX Fund  USD 8.01  0.12  1.52%   
Miller Income's market value is the price at which a share of Miller Income trades on a public exchange. It measures the collective expectations of Miller Income Fund investors about its performance. Miller Income is trading at 8.01 as of the 28th of March 2024; that is 1.52 percent up since the beginning of the trading day. The fund's open price was 7.89.
With this module, you can estimate the performance of a buy and hold strategy of Miller Income Fund and determine expected loss or profit from investing in Miller Income over a given investment horizon. Check out Miller Income Correlation, Miller Income Volatility and Miller Income Alpha and Beta module to complement your research on Miller Income.
Symbol

Please note, there is a significant difference between Miller Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Miller Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller Income's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
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.

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.
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.
Hype
Prediction
LowEstimatedHigh
6.867.898.92
Details
Intrinsic
Valuation
LowRealHigh
6.117.148.17
Details
Naive
Forecast
LowNextHigh
6.867.898.92
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.747.857.96
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Miller Income. Your research has to be compared to or analyzed against Miller Income's peers to derive any actionable benefits. When done correctly, Miller Income's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Miller Income Fund.

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 Coefficient0.75
Spearman Rank Test0.76
Residual Average0.0
Price Variance0.02

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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Check out Miller Income Correlation, Miller Income Volatility and Miller Income Alpha and Beta module to complement your research on Miller Income.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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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.
A focus of Miller Income technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Miller Income trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...