Miller Opportunity Trust Fund Technical Analysis
| LMOPX Fund | USD 28.12 0.14 0.50% |
As of the 20th of April, Miller Opportunity secures the Mean Deviation of 0.908, downside deviation of 1.32, and Risk Adjusted Performance of 0.0724. 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 interpolate data for nineteen technical drivers for Miller Opportunity, which can be compared to its peers in the industry. Please verify Miller Opportunity Trust coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Miller Opportunity Trust is priced some-what accurately, providing market reflects its recent price of 28.12 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 MillerMiller |
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.
Miller Opportunity Trust Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 0.04 , which means Miller Opportunity Trust will continue generating value for investors. It has 122 observation points and a regression sum of squares at 76.29, 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 April 20, 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.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0724 | |||
| Market Risk Adjusted Performance | (1.01) | |||
| Mean Deviation | 0.908 | |||
| Semi Deviation | 1.22 | |||
| Downside Deviation | 1.32 | |||
| Coefficient Of Variation | 903.04 | |||
| Standard Deviation | 1.15 | |||
| Variance | 1.32 | |||
| Information Ratio | 0.0364 | |||
| Jensen Alpha | 0.1257 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0315 | |||
| Treynor Ratio | (1.02) | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.89 | |||
| Downside Variance | 1.75 | |||
| Semi Variance | 1.48 | |||
| Expected Short fall | (0.87) | |||
| Skewness | (0.43) | |||
| Kurtosis | (0.05) |
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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.