Miller Opportunity Trust Fund Technical Analysis

LGOAX Fund  USD 33.63  0.56  1.69%   
As of the 29th of March, Miller Opportunity secures the Mean Deviation of 0.902, risk adjusted performance of 0.0976, and Downside Deviation of 1.22. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Miller Opportunity Trust, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Miller Opportunity, which can be compared to its peers in the industry. Please verify Miller Opportunity Trust coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Miller Opportunity Trust is priced some-what accurately, providing market reflects its recent price of 33.63 per share.

Miller Opportunity Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Miller, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Miller
  
Miller Opportunity's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Miller Opportunity technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Miller Opportunity technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Miller Opportunity trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Miller Opportunity Trust Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Miller Opportunity Trust volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Miller Opportunity Trust Trend Analysis

Use this graph to draw trend lines for Miller Opportunity Trust. You can use it to identify possible trend reversals for Miller Opportunity as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Miller Opportunity price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Miller Opportunity Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Miller Opportunity Trust applied against its price change over selected period. The best fit line has a slop of   0.07  , which means Miller Opportunity Trust will continue generating value for investors. It has 122 observation points and a regression sum of squares at 185.64, which is the sum of squared deviations for the predicted Miller Opportunity price change compared to its average price change.

About Miller Opportunity Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Miller Opportunity Trust on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Miller Opportunity Trust based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Miller Opportunity Trust price pattern first instead of the macroeconomic environment surrounding Miller Opportunity Trust. By analyzing Miller Opportunity's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Miller Opportunity's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Miller Opportunity specific price patterns or momentum indicators. Please read more on our technical analysis page.

Miller Opportunity March 29, 2024 Technical Indicators

Most technical analysis of Miller help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Miller from various momentum indicators to cycle indicators. When you analyze Miller charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Opportunity Trust. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Miller Opportunity Trust information on this page should be used as a complementary analysis to other Miller Opportunity's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Miller Mutual Fund analysis

When running Miller Opportunity's price analysis, check to measure Miller Opportunity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Miller Opportunity is operating at the current time. Most of Miller Opportunity's value examination focuses on studying past and present price action to predict the probability of Miller Opportunity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Opportunity's price. Additionally, you may evaluate how the addition of Miller Opportunity to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Miller Opportunity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Miller Opportunity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller Opportunity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.