Miller Opportunity Trust Fund Market Value

LGOAX Fund  USD 33.63  0.56  1.69%   
Miller Opportunity's market value is the price at which a share of Miller Opportunity trades on a public exchange. It measures the collective expectations of Miller Opportunity Trust investors about its performance. Miller Opportunity is trading at 33.63 as of the 28th of March 2024; that is 1.69 percent increase since the beginning of the trading day. The fund's open price was 33.07.
With this module, you can estimate the performance of a buy and hold strategy of Miller Opportunity Trust and determine expected loss or profit from investing in Miller Opportunity over a given investment horizon. Check out Miller Opportunity Correlation, Miller Opportunity Volatility and Miller Opportunity Alpha and Beta module to complement your research on Miller Opportunity.
Symbol

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.

Miller Opportunity 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Miller Opportunity's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Miller Opportunity.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Miller Opportunity on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Miller Opportunity Trust or generate 0.0% return on investment in Miller Opportunity over 30 days. Miller Opportunity is related to or competes with USCF Gold, Miller Opportunity, Miller Income, Miller Income, Miller Income, and Miller Income. The fund normally makes investments that, in the portfolio managers opinion, offer the opportunity for long-term growth ... More

Miller Opportunity Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Miller Opportunity's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Miller Opportunity Trust upside and downside potential and time the market with a certain degree of confidence.

Miller Opportunity Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miller Opportunity's standard deviation. In reality, there are many statistical measures that can use Miller Opportunity historical prices to predict the future Miller Opportunity's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Miller Opportunity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
32.4733.6334.79
Details
Intrinsic
Valuation
LowRealHigh
31.8633.0234.18
Details
Naive
Forecast
LowNextHigh
32.8734.0235.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
32.8833.3433.80
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Miller Opportunity. Your research has to be compared to or analyzed against Miller Opportunity's peers to derive any actionable benefits. When done correctly, Miller Opportunity's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Miller Opportunity Trust.

Miller Opportunity Trust Backtested Returns

We consider Miller Opportunity very steady. Miller Opportunity Trust has Sharpe Ratio of 0.16, which conveys that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Miller Opportunity, which you can use to evaluate the volatility of the fund. Please verify Miller Opportunity's Risk Adjusted Performance of 0.0976, mean deviation of 0.902, and Downside Deviation of 1.22 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. The fund secures a Beta (Market Risk) of 1.67, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Miller Opportunity will likely underperform.

Auto-correlation

    
  0.21  

Weak predictability

Miller Opportunity Trust has weak predictability. Overlapping area represents the amount of predictability between Miller Opportunity time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. 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 Trust price movement. The serial correlation of 0.21 indicates that over 21.0% of current Miller Opportunity price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test0.31
Residual Average0.0
Price Variance0.38

Miller Opportunity Trust lagged returns against current returns

Autocorrelation, which is Miller Opportunity mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Miller Opportunity's mutual fund expected returns. We can calculate the autocorrelation of Miller Opportunity returns to help us make a trade decision. For example, suppose you find that Miller Opportunity has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Miller Opportunity regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Miller Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miller Opportunity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Miller Opportunity mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Miller Opportunity Lagged Returns

When evaluating Miller Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miller Opportunity mutual fund have on its future price. Miller Opportunity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Miller Opportunity autocorrelation shows the relationship between Miller Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Miller Opportunity Trust.
   Regressed Prices   
       Timeline  

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check out Miller Opportunity Correlation, Miller Opportunity Volatility and Miller Opportunity Alpha and Beta module to complement your research on Miller Opportunity.
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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.
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Transaction History
View history of all your transactions and understand their impact on performance
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
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...