Miller Income Fund Quote
| LMCKX Fund | USD 7.58 0.03 0.40% |
Performance10 of 100
| Odds Of DistressLess than 18
|
Miller Income is trading at 7.58 as of the 27th of April 2024; that is 0.40 percent increase since the beginning of the trading day. The fund's open price was 7.55. Miller Income has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Equity ratings for Miller Income Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 27th of April 2024. Click here to learn more.
Under normal market conditions, the fund will invest without limit primarily in cash distributing equity, and equity-like securities, fixed income securities, derivatives, and other financial instruments of issuers located anywhere in the world. It can invest without limit in foreign securities in any country, including countries with developing or emerging markets. More on Miller Income Fund
Moving together with Miller Mutual Fund
| 0.96 | LGOAX | Miller Opportunity Trust | PairCorr |
| 1.0 | LMCLX | Miller Me Fund | PairCorr |
| 1.0 | LMCJX | Miller Me Fund | PairCorr |
| 1.0 | LMCMX | Miller Me Fund | PairCorr |
| 0.96 | LMOFX | Miller Opportunity Trust | PairCorr |
| 0.96 | LMOPX | Miller Opportunity Trust | PairCorr |
Miller Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Miller Income's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Miller Income or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Miller Value Funds, Large Funds, Allocation--70% to 85% Equity Funds, Allocation--70% to 85% Equity, Miller Value Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
Miller Income Fund [LMCKX] is traded in USA and was established 27th of April 2024. Miller Income is listed under Miller Value Funds category by Fama And French industry classification. The fund is listed under Allocation--70% to 85% Equity category and is part of Miller Value Funds family. This fund now has accumulated 193.29 M in assets with no minimum investment requirementsMiller Me Fund is currently producing year-to-date (YTD) return of 5.48% with the current yeild of 0.06%, while the total return for the last 3 years was 0.5%.
Check Miller Income Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Miller Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Miller Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Miller Income Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Miller Income Fund Mutual Fund Constituents
| BX | Blackstone Group | Stock | Financials |
| MIC | Macquarie Infrastructure Co | Stock | Utilities—Regulated Gas |
| CIM | Chimera Investment | Stock | Financials |
| GEO | Geo Group | Stock | Real Estate |
| VTRS | Viatris | Stock | Health Care |
| OMF | OneMain Holdings | Stock | Financials |
| OGN | Organon Co | Stock | Health Care |
Miller Income Target Price Odds Analysis
Based on a normal probability distribution, the odds of Miller Income jumping above the current price in 90 days from now is about 22.02%. The Miller Income Fund probability density function shows the probability of Miller Income mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Miller Income Fund has a beta of -0.0236. This indicates as returns on the benchmark increase, returns on holding Miller Income are expected to decrease at a much lower rate. During a bear market, however, Miller Income Fund is likely to outperform the market. Additionally, miller Income Fund has an alpha of 0.1699, implying that it can generate a 0.17 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Miller Income to move above the current price in 90 days from now is about 22.02 (This Miller Income Fund probability density function shows the probability of Miller Mutual Fund to fall within a particular range of prices over 90 days) .
Miller Me Fund Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Miller Income market risk premium is the additional return an investor will receive from holding Miller Income long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Miller Income. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Miller Income's alpha and beta are two of the key measurements used to evaluate Miller Income's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.8934 | |||
| Semi Deviation | 0.931 | |||
| Standard Deviation | 1.1 | |||
| Variance | 1.21 |
Miller Income Against Markets
Picking the right benchmark for Miller Income mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Miller Income mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Miller Income is critical whether you are bullish or bearish towards Miller Income Fund at a given time. Please also check how Miller Income's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Miller Income without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Miller Mutual Fund?
Before investing in Miller Income, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Miller Income. To buy Miller Income fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Miller Income. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Miller Income fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Miller Income Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Miller Income Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Miller Income Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Miller Income Fund?
The danger of trading Miller Income Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Miller Income is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Miller Income. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Miller Me Fund is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Income Fund. 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 industry. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.