Miller Opportunity Backtesting

LGOAX -- USA Fund  

USD 29.53  0.12  0.41%

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

August 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 20, 2018
0.00
If you would invest  0.00  in Miller Opportunity on August 21, 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 30 days. Miller Opportunity is related to or competes with DFA US, Fidelity Extended, Fidelity Extended, Fidelity Extended, Fidelity Mid, Columbia Mid, and Columbia Mid. The fund invests in securities, derivatives and other financial instruments that, in the portfolio manager opinion, offe...

Miller Opportunity Upside/Downside Indicators

Downside Deviation1.49
Information Ratio0.06
Maximum Drawdown4.11
Value At Risk1.96
Potential Upside1.03
  

Miller Opportunity Market Premium Indicators

Risk Adjusted Performance0.0252
Jensen Alpha0.0205
Total Risk Alpha0.18
Sortino Ratio0.037798
Treynor Ratio0.2141

Miller Opportunity Backtested Returns

Macroaxis considers Miller Opportunity to be not too risky. Miller Opportunity has Sharpe Ratio of -7.0E-4 which conveys that Miller Opportunity had -7.0E-4% of return per unit of risk over the last 1 month. 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 Downside Deviation of 1.49, Mean Deviation of 0.579 and Risk Adjusted Performance of 0.0252 to check out risk estimate we provide. The fund secures Beta (Market Risk) of 0.1682 which conveys that as returns on market increase, Miller Opportunity returns are expected to increase less than the market. However during bear market, the loss on holding Miller Opportunity will be expected to be smaller as well.. 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 0.52 

Modest predictability

Miller Opportunity A has modest predictability. Overlapping area represents the amount of predictability between Miller Opportunity time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 20, 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 0.52 indicates that about 52.0% of current Miller Opportunity price fluctuation can be explain by its past prices.
Correlation Coefficient0.52
Spearman Rank Test0.2
Residual Average0.0
Price Variance0.09

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 Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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