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Miller Opportunity Backtesting

LGO
LGOAX -- USA Fund  

USD 29.61  0.16  0.54%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Miller Opportunity Trust CL A and determine expected loss or profit from investing in Miller Opportunity over given investment horizon. Additionally see Miller Opportunity Hype Analysis, Miller Opportunity Correlation, Portfolio Optimization, Miller Opportunity Volatility as well as analyze Miller Opportunity Alpha and Beta and Miller Opportunity Performance.
SymbolX
Backtest

Miller Opportunity 'What if' Analysis

November 20, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
February 18, 2020
0.00
If you would invest  0.00  in Miller Opportunity on November 20, 2019 and sell it all today you would earn a total of 0.00 from holding Miller Opportunity Trust CL A or generate 0.0% return on investment in Miller Opportunity over 90 days. Miller Opportunity is related to or competes with Fidelity Leveraged, Fidelity Advisor, Lord Abbett, Lord Abbett, Lord Abbett, Lord Abbett, and Lord Abbett. The fund invests in securities, derivatives and other financial instruments that, in the portfolio managers opinion, off...

Miller Opportunity Upside/Downside Indicators

Downside Deviation1.54
Information Ratio0.0572
Maximum Drawdown7.58
Value At Risk(1.73)
Potential Upside2.0

Miller Opportunity Market Premium Indicators

Risk Adjusted Performance0.1037
Jensen Alpha0.1033
Total Risk Alpha0.0284
Sortino Ratio0.0462
Treynor Ratio0.2561

Miller Opportunity Backtested Returns

We consider Miller Opportunity not too volatile. Miller Opportunity has Sharpe Ratio of 0.1026 which conveys that the entity had 0.1026% of return per unit of risk over the last 3 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 verify Miller Opportunity Trust CL A Downside Deviation of 1.54, Risk Adjusted Performance of 0.1037 and Mean Deviation of 0.8381 to check out if risk estimate we provide are consistent with the epected return of 0.1296%. The fund secures Beta (Market Risk) of 0.5724 which conveys that 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. Although it is extremely important to respect Miller Opportunity price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Miller Opportunity technical indicators you can presently evaluate if the expected return of 0.1296% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.14) 
correlation synergy

Insignificant reverse predictability

Miller Opportunity Trust CL A has insignificant reverse predictability. Overlapping area represents the amount of predictability between Miller Opportunity time series from November 20, 2019 to January 4, 2020 and January 4, 2020 to February 18, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Miller Opportunity price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Miller Opportunity price fluctuation can be explain by its past prices. Given that Miller Opportunity Trust CL A has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Miller Opportunity for similar time interval.
Correlation Coefficient-0.14
Spearman Rank Test0.01
Residual Average0.0
Price Variance0.35

Miller Opportunity lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Miller Opportunity regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Miller Opportunity Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - LGOAX

Miller Opportunity Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Miller Opportunity Trust CL A. What is your trading attitude regarding investing in Miller Opportunity Trust CL A? Are you bullish or bearish?
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Bearish
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50% Bearish
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Additionally see Miller Opportunity Hype Analysis, Miller Opportunity Correlation, Portfolio Optimization, Miller Opportunity Volatility as well as analyze Miller Opportunity Alpha and Beta and Miller Opportunity Performance. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..