Miller Opportunity Backtesting

LGOAX -- USA Fund  

USD 24.47  0.15  0.62%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Miller Opportunity A and determine expected loss or profit from investing in Miller Opportunity over given investment horizon. Please see also Miller Opportunity Hype Analysis, Miller Opportunity Correlation, Portfolio Optimization, Miller Opportunity Volatility as well as analyze Miller Opportunity Alpha and Beta and Miller Opportunity Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Miller Opportunity 'What if' Analysis

November 18, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
January 17, 2019
0.00
If you would invest  0.00  in Miller Opportunity on November 18, 2018 and sell it all today you would earn a total of 0.00 from holding Miller Opportunity A or generate 0.0% return on investment in Miller Opportunity over 60 days. Miller Opportunity is related to or competes with Vanguard Extended, JPMorgan Mid, JHancock Disciplined, JHancock Disciplined, JHancock Disciplined, JHancock Disciplined, and JHancock Disciplined. The fund invests in securities, derivatives and other financial instruments that, in the portfolio manager opinion, offe...

Miller Opportunity Upside/Downside Indicators

Information Ratio0.0017
Maximum Drawdown9.57
Value At Risk(3.55)
Potential Upside2.92
  

Miller Opportunity Market Premium Indicators

Risk Adjusted Performance(0.13)
Jensen Alpha(0.18)
Total Risk Alpha0.0444
Treynor Ratio7.82

Miller Opportunity Backtested Returns

Macroaxis considers Miller Opportunity to be not very risky. Miller Opportunity has Sharpe Ratio of -0.0396 which conveys that Miller Opportunity had -0.0396% of return per unit of risk over the last 2 months. Macroaxis philosophy towards estimating risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Miller Opportunity exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Miller Opportunity A Mean Deviation of 1.72 and Risk Adjusted Performance of (0.13) to check out risk estimate we provide. The fund secures Beta (Market Risk) of -0.0226 which conveys that as returns on market increase, returns on owning Miller Opportunity are expected to decrease at a much smaller rate. During bear market, Miller Opportunity is likely to outperform the market. . Even though it is essential to pay attention to Miller Opportunity price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Miller Opportunity exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.74) 
correlation synergy

Almost perfect reverse predictability

Miller Opportunity A has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Miller Opportunity time series from November 18, 2018 to December 18, 2018 and December 18, 2018 to January 17, 2019. 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 -0.74 indicates that around 74.0% 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.
Correlation Coefficient-0.74
Spearman Rank Test-0.29
Residual Average0.0
Price Variance1.7

Miller Opportunity lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Miller Opportunity regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Miller Opportunity Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - LGOAX

Miller Opportunity Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Miller Opportunity A. What is your trading attitude regarding investing in Miller Opportunity A? Are you bullish or bearish?
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Bearish
50% Bullish
50% Bearish
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Please see also Miller Opportunity Hype Analysis, Miller Opportunity Correlation, Portfolio Optimization, Miller Opportunity Volatility as well as analyze Miller Opportunity Alpha and Beta and Miller Opportunity Performance. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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