Miller Opportunity Risk Analysis And Volatility

LGOAX -- USA Fund  

USD 25.96  0.36  1.41%

Macroaxis considers Miller Opportunity not very risky given 2 months investment horizon. Miller Opportunity has Sharpe Ratio of 0.1982 which conveys that the entity had 0.1982% of return per unit of risk over the last 2 months. 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 exercise Miller Opportunity A Mean Deviation of 1.62, Downside Deviation of 2.06 and Risk Adjusted Performance of 0.1312 to check out if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

Miller Opportunity Market Sensitivity

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.
2 Months Beta |Analyze Miller Opportunity Demand Trend
Check current 30 days Miller Opportunity correlation with market (DOW)
β = -0.0187

Miller Opportunity Central Daily Price Deviation

Miller Opportunity Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Miller Opportunity Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Miller Opportunity Projected Return Density Against Market

Assuming 30 trading days horizon, Miller Opportunity A has beta of -0.0187 indicating as returns on benchmark increase, returns on holding Miller Opportunity are expected to decrease at a much smaller rate. During bear market, however, Miller Opportunity A is likely to outperform the market. Moreover, The company has an alpha of 0.157 implying that it can potentially generate 0.157% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Miller Opportunity is 504.64. The daily returns are destributed with a variance of 5.0 and standard deviation of 2.24. The mean deviation of Miller Opportunity A is currently at 1.52. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
α
Alpha over DOW
=0.16
β
Beta against DOW=0.02
σ
Overall volatility
=2.24
Ir
Information ratio =0.0366

Miller Opportunity Return Volatility

the fund shows 2.237% volatility of returns over 30 trading days. the entity inherits 1.9131% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Miller Opportunity Volatility Factors

60 Days Market Risk

Not very risky

Chance of Distress in 24 months

Below average

60 Days Economic Sensitivity

Moves indifferently to market moves

Investment Outlook

Miller Opportunity Investment Opportunity

Miller Opportunity A has a volatility of 2.24 and is 1.17 times more volatile than DOW. 20% of all equities and portfolios are less risky than Miller Opportunity. Compared to the overall equity markets, volatility of historical daily returns of Miller Opportunity A is lower than 20 (%) of all global equities and portfolios over the last 30 days. Use Miller Opportunity A to enhance returns of your portfolios. The fund experiences large bullish trend. Check odds of Miller Opportunity to be traded at $28.56 in 30 days. . 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.

Miller Opportunity correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Miller Opportunity A and equity matching DJI index in the same portfolio.

Miller Opportunity Volatility Indicators

Miller Opportunity A Current Risk Indicators

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