Miller Vertible Bond Fund Manager Performance Evaluation
| MCFCX Fund | USD 12.60 0.04 0.32% |
The fund secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Miller Vertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Miller Vertible is expected to be smaller as well.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Miller Vertible Bond are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Miller Vertible is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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| Expense Ratio Date | 1st of March 2023 | |
| Expense Ratio | 1.9900 |
Miller |
Miller Vertible Relative Risk vs. Return Landscape
If you would invest 1,243 in Miller Vertible Bond on February 3, 2024 and sell it today you would earn a total of 17.00 from holding Miller Vertible Bond or generate 1.37% return on investment over 90 days. Miller Vertible Bond is currently producing 0.0224% returns and takes up 0.4042% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than Miller, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Miller Vertible Current Valuation
Undervalued
Today
Please note that Miller Vertible's price fluctuation is out of control at this time. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. Miller Vertible Bond last-minute Real Value cannot be determined due to lack of data. The latest price of Miller Vertible Bond is $12.6. We determine the value of Miller Vertible Bond from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for Miller Vertible Bond is useful when determining the fair value of the Miller mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Miller Vertible. Since Miller Vertible is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Miller Mutual Fund. However, Miller Vertible'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 12.6 | Real 0.0 | Hype 0.0 | Naive 12.65 |
The real value of Miller Mutual Fund, also known as its intrinsic value, is the underlying worth of Miller Vertible Bond Mutual Fund, which is reflected in its stock price. It is based on Miller Vertible's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Miller Vertible'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, news, and other external factors that may influence Miller Vertible's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Miller Vertible Bond helps investors to forecast how Miller mutual 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 Vertible more accurately as focusing exclusively on Miller Vertible's fundamentals will not take into account other important factors: Miller Vertible Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Vertible's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Miller Vertible Bond, and traders can use it to determine the average amount a Miller Vertible'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 = 0.0553
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| Negative Returns | MCFCX |
Estimated Market Risk
| 0.4 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Miller Vertible is performing at about 4% 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 Vertible by adding it to a well-diversified portfolio.
Miller Vertible Fundamentals Growth
Miller Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Miller Vertible, and Miller Vertible 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 Mutual Fund performance.
| Total Asset | 35.81 M | |||
About Miller Vertible Performance
To evaluate Miller Vertible Bond Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Miller Vertible generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Miller Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Miller Vertible Bond market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Miller's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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.Things to note about Miller Vertible Bond performance evaluation
Checking the ongoing alerts about Miller Vertible for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Miller Vertible Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -1.0% | |
| Miller Vertible Bond maintains about 9.49% of its assets in cash |
- Analyzing Miller Vertible'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 Vertible's stock is overvalued or undervalued compared to its peers.
- Examining Miller Vertible'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 Vertible's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Miller Vertible's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Miller Vertible's mutual fund. These opinions can provide insight into Miller Vertible's potential for growth and whether the stock is currently undervalued or overvalued.
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 Vertible'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.