Miller Opportunity Related Correlations

LGOAX Fund

USD 31.58 0.15 0.48%

Generate correlation matrix for Miller Opportunity and other related equities to check the degree to which Miller Opportunity Trust price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Miller Opportunity Trust. To filter out specific equities, please toggle its corresponding legend item. 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 nation.

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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.

Correlations

	MSCGX	XHNWX	TBDQX	QDARX	HUDEX
MSCGX		0.89	0.92	0.84	0.95	MSCGX
XHNWX	0.89		0.93	0.74	0.88	XHNWX
TBDQX	0.92	0.93		0.7	0.89	TBDQX
QDARX	0.84	0.74	0.7		0.93	QDARX
HUDEX	0.95	0.88	0.89	0.93		HUDEX
	MSCGX	XHNWX	TBDQX	QDARX	HUDEX

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Risk-Adjusted Indicators

There is a big difference between Miller Mutual Fund performing well and Miller Opportunity Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Miller Opportunity's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSCGX	0.71	0.00	0.01	0.04	0.93	(0.71)	1.40	(1.73)	3.82
XHNWX	0.17	0.02	(0.06)	0.58	0.22	(0.17)	0.32	(0.40)	1.35
TBDQX	0.87	0.08	0.09	0.12	0.80	(1.01)	1.90	(1.58)	5.90
QDARX	0.08	0.00	(0.37)	(3.59)	0.05	(0.10)	0.17	(0.17)	0.42
HUDEX	0.54	0.05	0.07	0.09	0.61	(0.59)	1.14	(1.15)	2.80

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Miller Opportunity Related Correlations

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