|Horizon||30 Days Login to change|
Miller Opportunity Market Sensitivity
Miller Opportunity Technical Analysis
Miller Opportunity Projected Return Density Against MarketAssuming 30 trading days horizon, Miller Opportunity has beta of 0.0421 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 0.0754 implying that it can potentially generate 0.0754% excess return over DOW after adjusting for the inherited market risk (beta).
Miller Opportunity Return VolatilityMiller Opportunity A shows 2.1943% volatility of returns over 30 trading days. DOW inherits 1.1939% risk (volatility on return distribution) over the 30 days horizon.