Miller Financial Statements From 2010 to 2025
| MLR Stock | USD 43.50 1.40 3.33% |
Check Miller Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Miller Industries' main balance sheet or income statement drivers, such as , as well as many indicators such as . Miller financial statements analysis is a perfect complement when working with Miller Industries Valuation or Volatility modules.
Check out the analysis of Miller Industries Correlation against competitors. Miller Industries Company Return On Asset Analysis
Miller Industries' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Miller Industries Return On Asset | 0.0505 |
Most of Miller Industries' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Miller Industries is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Based on the latest financial disclosure, Miller Industries has a Return On Asset of 0.0505. This is 95.37% lower than that of the Machinery sector and 93.53% lower than that of the Industrials industry. The return on asset for all United States stocks is 136.07% lower than that of the firm.
Miller Industries Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Miller Industries's current stock value. Our valuation model uses many indicators to compare Miller Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Miller Industries competition to find correlations between indicators driving Miller Industries's intrinsic value. More Info.Miller Industries is regarded second in return on equity category among its peers. It is regarded third in return on asset category among its peers reporting about 0.47 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Miller Industries is roughly 2.11 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Miller Industries by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About Miller Industries Financial Statements
Miller Industries shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Miller Industries investors may analyze each financial statement separately, they are all interrelated. The changes in Miller Industries' assets and liabilities, for example, are also reflected in the revenues and expenses on on Miller Industries' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. The company was incorporated in 1990 and is based in Ooltewah, Tennessee. Miller Industries operates under Auto Parts classification in the United States and is traded on New York Stock Exchange. It employs 1421 people.
Pair Trading with Miller Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Miller Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Miller Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Miller Stock
| 0.78 | MPU | Mega Matrix Corp | PairCorr |
| 0.69 | SLDPW | Solid Power | PairCorr |
| 0.68 | WPRT | Westport Fuel Systems | PairCorr |
| 0.68 | VMI | Valmont Industries | PairCorr |
| 0.52 | CNR | Core Natural Resources, Symbol Change | PairCorr |
The ability to find closely correlated positions to Miller Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Miller Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Miller Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Miller Industries to buy it.
The correlation of Miller Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Miller Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miller Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Miller Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Miller Stock Analysis
When running Miller Industries' price analysis, check to measure Miller Industries' 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 Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.