We consider Miller Opportunity not too volatile. Miller Opportunity
has Sharpe Ratio of 0.0122 which conveys that Miller Opportunity
had 0.0122% of return per unit of risk over the last 1 month. Our philosophy towards estimating volatility of a fund is to use all available market data together with fund specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Miller Opportunity which you can use to evaluate future volatility of the organization. Please verify Miller Opportunity A Downside Deviation
of 2.25, Mean Deviation
of 1.61 and Risk Adjusted Performance
of 0.0482 to check out if risk estimate we provide are consistent with the epected return of 0.0268%. The fund secures Beta (Market Risk) of 1.7304 which conveys that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Miller Opportunity will likely underperform.. Although it is extremely important to respect Miller Opportunity price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The philosophy towards estimating future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing Miller Opportunity technical indicators
you can presently evaluate if the expected return of 0.0268% will be sustainable into the future.
|15 days auto-correlation||(0.61) |
Very good reverse predictability
Miller Opportunity A has very good reverse predictability. Overlapping area represents the amount of predictability between Miller Opportunity time series from October 14, 2018 to October 29, 2018 and October 29, 2018 to November 13, 2018. 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 Opportunity price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Miller Opportunity price fluctuation can be explain by its past prices. Given that Miller Opportunity A has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Miller Opportunity for similar time interval.
|Spearman Rank Test||-0.87|