Miller Opportunity Trust Fund Quote
| LMOPX Fund | USD 28.12 0.14 0.50% |
Performance8 of 100
| Odds Of DistressLess than 20
|
Miller Opportunity is trading at 28.12 as of the 19th of April 2024; that is 0.50 percent up since the beginning of the trading day. The fund's open price was 27.98. Miller Opportunity has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Miller Opportunity Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund normally makes investments that, in the portfolio managers opinion, offer the opportunity for long-term growth of capital. The portfolio managers exercise a flexible strategy in the selection of investments, not limited by investment style or asset class. More on Miller Opportunity Trust
Moving together with Miller Mutual Fund
| 0.96 | LGOAX | Miller Opportunity Trust | PairCorr |
| 0.94 | LMCKX | Miller Me Fund | PairCorr |
| 0.84 | LMCLX | Miller Me Fund | PairCorr |
| 0.84 | LMCJX | Miller Me Fund | PairCorr |
| 0.97 | LMCMX | Miller Me Fund | PairCorr |
| 0.86 | LMOFX | 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 Opportunity's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Miller Opportunity 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, Mid-Cap Blend Funds, Mid-Cap Blend, Miller Value Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
Miller Opportunity Trust [LMOPX] is traded in USA and was established 19th of April 2024. Miller Opportunity is listed under Miller Value Funds category by Fama And French industry classification. The fund is listed under Mid-Cap Blend category and is part of Miller Value Funds family. This fund now has accumulated 1.89 B in assets with no minimum investment requirementsMiller Opportunity Trust is currently producing year-to-date (YTD) return of 3.68%, while the total return for the last 3 years was -9.8%.
Check Miller Opportunity 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 Opportunity Trust 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 Opportunity Trust Mutual Fund Constituents
| GOOGL | Alphabet Inc Class A | Stock | Communication Services |
| FB | Meta Platforms | Stock | Internet Content & Information |
| VRM | Vroom Inc | Stock | Consumer Discretionary |
| AMZN | Amazon Inc | Stock | Consumer Discretionary |
| UAL | United Airlines Holdings | Stock | Industrials |
| QUOT | Quotient Technology | Stock | Consumer Discretionary |
| BAC | Bank of America | Stock | Financials |
Miller Opportunity Target Price Odds Analysis
Based on a normal probability distribution, the odds of Miller Opportunity jumping above the current price in 90 days from now is about 45.76%. The Miller Opportunity Trust probability density function shows the probability of Miller Opportunity mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Miller Opportunity Trust has a beta of -0.1399. This indicates as returns on the benchmark increase, returns on holding Miller Opportunity are expected to decrease at a much lower rate. During a bear market, however, Miller Opportunity Trust is likely to outperform the market. Additionally, miller Opportunity Trust has an alpha of 0.0744, implying that it can generate a 0.0744 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Miller Opportunity to move above the current price in 90 days from now is about 45.76 (This Miller Opportunity Trust probability density function shows the probability of Miller Mutual Fund to fall within a particular range of prices over 90 days) .
Miller Opportunity Trust Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Miller Opportunity market risk premium is the additional return an investor will receive from holding Miller Opportunity 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 Opportunity. 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 Opportunity's alpha and beta are two of the key measurements used to evaluate Miller Opportunity's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.951 | |||
| Semi Deviation | 1.24 | |||
| Standard Deviation | 1.17 | |||
| Variance | 1.38 |
Miller Opportunity Against Markets
Picking the right benchmark for Miller Opportunity 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 Opportunity 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 Opportunity is critical whether you are bullish or bearish towards Miller Opportunity Trust at a given time. Please also check how Miller Opportunity'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 Opportunity 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 Opportunity, 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 Opportunity. To buy Miller Opportunity fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Miller Opportunity. 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 Opportunity fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Miller Opportunity Trust 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 Opportunity Trust 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 Opportunity Trust, 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 Opportunity Trust?
The danger of trading Miller Opportunity Trust 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 Opportunity 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 Opportunity. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Miller Opportunity Trust 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 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 american community survey. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.