|Horizon||30 Days Login to change|
Miller Opportunity Market Sensitivity
|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.One Month Beta |Analyze Miller Opportunity Demand TrendCheck current 30 days Miller Opportunity correlation with market (DOW)|
β = 0.6053
Miller Opportunity Technical Analysis
Miller Opportunity Projected Return Density Against MarketAssuming 30 trading days horizon, Miller Opportunity has beta of 0.6053 indicating as returns on market go up, Miller Opportunity average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Miller Opportunity A will be expected to be much smaller as well. Moreover, Miller Opportunity A has an alpha of 0.0232 implying that it can potentially generate 0.0232% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Miller Opportunity Return VolatilityMiller Opportunity A shows 0.9552% volatility of returns over 30 trading days. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.