Miller Opportunity Trust Fund Manager Performance Evaluation
The fund secures a Beta (Market Risk) of 1.35, 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.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Miller Opportunity Trust are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Miller Opportunity may actually be approaching a critical reversion point that can send shares even higher in June 2024.
...more| Expense Ratio | 2.2600 |
Miller |
Miller Opportunity Relative Risk vs. Return Landscape
If you would invest 2,675 in Miller Opportunity Trust on February 1, 2024 and sell it today you would earn a total of 230.00 from holding Miller Opportunity Trust or generate 8.6% return on investment over 90 days. Miller Opportunity Trust is currently producing 0.1397% returns and takes up 1.1584% volatility of returns over 90 trading days. Put another way, 10% of traded mutual funds are less volatile than Miller, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Miller Opportunity Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Opportunity's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Miller Opportunity Trust, and traders can use it to determine the average amount a Miller Opportunity's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1206
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| Cash | LMOPX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.16 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Miller Opportunity is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Miller Opportunity by adding it to a well-diversified portfolio.
Miller Opportunity Fundamentals Growth
Miller Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Miller Opportunity, and Miller Opportunity fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Miller Mutual Fund performance.
| Price To Earning | 8.51 X | ||||
| Price To Book | 1.03 X | ||||
| Price To Sales | 0.78 X | ||||
| Total Asset | 1.46 B | ||||
About Miller Opportunity Performance
To evaluate Miller Opportunity Trust Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Miller Opportunity generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Miller Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Miller Opportunity Trust market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Miller's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund normally makes investments that, in the portfolio managers opinion, offer the opportunity for long-term growth of capital. Miller Opportunity is traded on NASDAQ Exchange in the United States.Things to note about Miller Opportunity Trust performance evaluation
Checking the ongoing alerts about Miller Opportunity for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Miller Opportunity Trust help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Miller Opportunity is not yet fully synchronised with the market data | |
| The fund generated three year return of -8.0% | |
| Miller Opportunity Trust maintains 99.77% of its assets in stocks |
- Analyzing Miller Opportunity's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Miller Opportunity's stock is overvalued or undervalued compared to its peers.
- Examining Miller Opportunity's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Miller Opportunity's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Miller Opportunity's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Miller Opportunity's mutual fund. These opinions can provide insight into Miller Opportunity's potential for growth and whether the stock is currently undervalued or overvalued.
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..