Miller Vertible Bond Fund Quote
| MCFCX Fund | USD 12.61 0.01 0.08% |
Performance6 of 100
| Odds Of DistressLess than 20
|
Miller Convertible is trading at 12.61 as of the 24th of April 2024; that is -0.08 percent decrease since the beginning of the trading day. The fund's open price was 12.62. Miller Convertible has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Miller Vertible Bond are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
The fund invests at least 80 percent of its assets in convertible bonds. The managers define convertible bonds as including synthetic convertible bonds and other securities that the advisor identifies as having characteristics similar to convertible bonds. More on Miller Vertible Bond
Moving together with Miller Mutual Fund
| 1.0 | MCFAX | Miller Vertible Bond | PairCorr |
| 1.0 | MCIFX | Miller Vertible Bond | PairCorr |
| 0.94 | MCPIX | Miller Vertible Plus | PairCorr |
| 0.88 | FCSZX | Franklin Vertible | PairCorr |
| 0.89 | FCSKX | Franklin Vertible | PairCorr |
| 0.88 | FISCX | Franklin Vertible | PairCorr |
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 Convertible's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Miller Convertible or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Miller Investment Funds, Large Growth Funds, Convertibles Funds, Convertibles, Miller Investment (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of March 2023 |
| Fiscal Year End | October |
Miller Vertible Bond [MCFCX] is traded in USA and was established 24th of April 2024. Miller Convertible is listed under Miller Investment category by Fama And French industry classification. The fund is listed under Convertibles category and is part of Miller Investment family. This fund now has accumulated 774.09 M in assets with no minimum investment requirementsMiller Vertible Bond is currently producing year-to-date (YTD) return of 3.03% with the current yeild of 0.03%, while the total return for the last 3 years was -1.27%.
Check Miller Convertible Probability Of Bankruptcy
Instrument Allocation
Miller Convertible Target Price Odds Analysis
Based on a normal probability distribution, the odds of Miller Convertible jumping above the current price in 90 days from now is about 50.0%. The Miller Vertible Bond probability density function shows the probability of Miller Convertible mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Miller Convertible has a beta of 0.4251. This indicates as returns on the market go up, Miller Convertible average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Miller Vertible Bond will be expected to be much smaller as well. Additionally, miller Vertible Bond has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Miller Convertible to move above the current price in 90 days from now is about 50.0 (This Miller Vertible Bond probability density function shows the probability of Miller Mutual Fund to fall within a particular range of prices over 90 days) .
Miller Vertible Bond Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Miller Convertible market risk premium is the additional return an investor will receive from holding Miller Convertible 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 Convertible. 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 Convertible's alpha and beta are two of the key measurements used to evaluate Miller Convertible's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.3018 | |||
| Semi Deviation | 0.3043 | |||
| Standard Deviation | 0.4023 | |||
| Variance | 0.1619 |
Miller Convertible Against Markets
Picking the right benchmark for Miller Convertible 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 Convertible 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 Convertible is critical whether you are bullish or bearish towards Miller Vertible Bond at a given time. Please also check how Miller Convertible'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 Convertible 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.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
How to buy Miller Mutual Fund?
Before investing in Miller Convertible, 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 Convertible. To buy Miller Convertible fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Miller Convertible. 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 Convertible fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Miller Vertible Bond 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 Vertible Bond 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 Vertible Bond, 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 Vertible Bond?
The danger of trading Miller Vertible Bond 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 Convertible 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 Convertible. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Miller Vertible Bond 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 Vertible Bond. 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 main economic indicators. Note that the Miller Vertible Bond information on this page should be used as a complementary analysis to other Miller Convertible'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 Transaction History module to view history of all your transactions and understand their impact on performance.