Miller Opportunity Trust Fund Quote

LMOFX Fund  USD 34.79  0.57  1.67%   

Performance

12 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 35

 
100  
 
Zero
Below Average
Miller Opportunity is trading at 34.79 as of the 28th of March 2024; that is 1.67 percent up since the beginning of the trading day. The fund's open price was 34.22. Miller Opportunity has about a 35 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Miller Opportunity Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The fund normally makes investments that, in the portfolio managers opinion, offer the opportunity for long-term growth of capital. The portfolio managers exercise a flexible strategy in the selection of investments, not limited by investment style or asset class. More on Miller Opportunity Trust

Moving together with Miller Mutual Fund

  0.72USG USCF Gold Strategy Symbol ChangePairCorr
  1.0LGOAX Miller Opportunity TrustPairCorr
  1.0MVISX Miller Opportunity TrustPairCorr
  0.94LCMNX Miller Income Fund Steady GrowthPairCorr
  0.94LMCKX Miller Income Fund Steady GrowthPairCorr
  0.94LMCLX Miller Income Fund Steady GrowthPairCorr
  0.94LMCJX Miller Income Fund Steady GrowthPairCorr

Miller Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Miller Opportunity's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Miller Opportunity or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationMiller Value Funds, Large Funds, Mid-Cap Blend Funds, Mid-Cap Blend, Miller Value Funds (View all Sectors)
Update Date31st of March 2024
Miller Opportunity Trust [LMOFX] is traded in USA and was established 28th of March 2024. Miller Opportunity is listed under Miller Value Funds category by Fama And French industry classification. The fund is listed under Mid-Cap Blend category and is part of Miller Value Funds family. This fund now has accumulated 1.89 B in assets with no minimum investment requirementsMiller Opportunity Trust is currently producing year-to-date (YTD) return of 9.61%, while the total return for the last 3 years was -6.54%.
Check Miller Opportunity Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Miller Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Miller Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Miller Opportunity Trust Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Miller Opportunity Trust Mutual Fund Constituents

TMHCTaylor Morn HomeStockConsumer Discretionary
AMZNAmazon IncStockConsumer Discretionary
LENLennarStockConsumer Discretionary
DALDelta Air LinesStockIndustrials
FANGDiamondback EnergyStockEnergy
PHMPulteGroupStockConsumer Discretionary
OMFOneMain HoldingsStockFinancials
More Details

Miller Opportunity Target Price Odds Analysis

Based on a normal probability distribution, the odds of Miller Opportunity jumping above the current price in 90 days from now is about 1.28%. The Miller Opportunity Trust probability density function shows the probability of Miller Opportunity mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.669. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Miller Opportunity will likely underperform. Additionally, miller Opportunity Trust has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 34.79HorizonTargetOdds Above 34.79
98.70%90 days
 34.79 
1.28%
Based on a normal probability distribution, the odds of Miller Opportunity to move above the current price in 90 days from now is about 1.28 (This Miller Opportunity Trust probability density function shows the probability of Miller Mutual Fund to fall within a particular range of prices over 90 days) .

Miller Opportunity Trust Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Miller Opportunity market risk premium is the additional return an investor will receive from holding Miller Opportunity long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Miller Opportunity. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Miller Opportunity's alpha and beta are two of the key measurements used to evaluate Miller Opportunity's performance over the market, the standard measures of volatility play an important role as well.

Miller Opportunity Against Markets

Picking the right benchmark for Miller Opportunity mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Miller Opportunity mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Miller Opportunity is critical whether you are bullish or bearish towards Miller Opportunity Trust at a given time. Please also check how Miller Opportunity's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Miller Opportunity without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Miller Mutual Fund?

Before investing in Miller Opportunity, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Miller Opportunity. To buy Miller Opportunity fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Miller Opportunity. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Miller Opportunity fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Miller Opportunity Trust fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Miller Opportunity Trust fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Miller Opportunity Trust, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Miller Opportunity Trust?

The danger of trading Miller Opportunity Trust is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Miller Opportunity is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Miller Opportunity. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Miller Opportunity Trust is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Opportunity Trust. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Miller Opportunity Trust information on this page should be used as a complementary analysis to other Miller Opportunity's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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When running Miller Opportunity's price analysis, check to measure Miller Opportunity'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 Opportunity is operating at the current time. Most of Miller Opportunity's value examination focuses on studying past and present price action to predict the probability of Miller Opportunity'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 Opportunity's price. Additionally, you may evaluate how the addition of Miller Opportunity to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Miller Opportunity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Miller Opportunity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller Opportunity'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.