Miller Income Correlations

LMCJX Fund

USD 8.41 0.02 0.24%

The current 90-days correlation between Miller Income and Glg Intl Small is -0.02 (i.e., Good diversification). The correlation of Miller Income 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Miller Income Correlation With Market

Good diversification

The correlation between Miller Income Fund and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Miller Income Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Income Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Miller Mutual Fund

0.87	AXP	American Express	Pair Corr
0.69	BA	Boeing	Pair Corr
0.75	JPM	JPMorgan Chase	Pair Corr
0.66	CAT	Caterpillar	Pair Corr

Moving against Miller Mutual Fund

0.51	HLDCX	Hartford Emerging	Pair Corr
0.5	BXEIX	Barings Emerging Markets	Pair Corr
0.5	BXEAX	Barings Emerging Markets	Pair Corr
0.49	HLDIX	Hartford Emerging	Pair Corr
0.49	HLDTX	Hartford Emerging	Pair Corr
0.44	HLDRX	Hartford Emerging	Pair Corr
0.43	HLDAX	Hartford Emerging	Pair Corr
0.37	BXECX	Barings Emerging Markets	Pair Corr
0.56	TRV	The Travelers Companies	Pair Corr
0.48	KO	Coca Cola	Pair Corr
0.47	MCD	McDonalds	Pair Corr
0.46	JNJ	Johnson Johnson	Pair Corr
0.45	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	GLVIX	ANTMX	QLMSTX	SECAX	ARTSX	OWSMX	TISVX	PMDDX
GLVIX		0.81	0.87	0.61	0.69	0.78	0.08	0.76	GLVIX
ANTMX	0.81		0.6	0.43	0.44	0.8	0.46	0.54	ANTMX
QLMSTX	0.87	0.6		0.84	0.93	0.79	-0.33	0.93	QLMSTX
SECAX	0.61	0.43	0.84		0.9	0.81	-0.46	0.89	SECAX
ARTSX	0.69	0.44	0.93	0.9		0.71	-0.55	0.94	ARTSX
OWSMX	0.78	0.8	0.79	0.81	0.71		0.09	0.8	OWSMX
TISVX	0.08	0.46	-0.33	-0.46	-0.55	0.09		-0.38	TISVX
PMDDX	0.76	0.54	0.93	0.89	0.94	0.8	-0.38		PMDDX
	GLVIX	ANTMX	QLMSTX	SECAX	ARTSX	OWSMX	TISVX	PMDDX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PMDDX	+ 0.94	ARTSX
ARTSX	+ 0.93	QLMSTX
PMDDX	+ 0.93	QLMSTX
ARTSX	+ 0.9	SECAX
PMDDX	+ 0.89	SECAX
QLMSTX	+ 0.87	GLVIX

High negative correlations

TISVX	- 0.55	ARTSX
TISVX	- 0.46	SECAX
PMDDX	- 0.38	TISVX
TISVX	- 0.33	QLMSTX

Risk-Adjusted Indicators

There is a big difference between Miller Mutual Fund performing well and Miller Income 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 Income'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
GLVIX	0.92	(0.03)	0.00	(0.10)	0.00	0.00	1.50	(2.12)	5.60
ANTMX	0.73	0.02	0.00	(0.04)	0.00	0.00	1.48	(1.52)	5.64
QLMSTX	1.03	(0.09)	0.00	(0.15)	0.00	0.00	1.71	(2.77)	5.65
SECAX	1.06	(0.23)	0.00	(0.30)	0.00	0.00	1.46	(2.57)	11.65
ARTSX	1.15	(0.10)	0.00	(0.16)	0.00	0.00	2.22	(3.17)	5.69
OWSMX	0.67	(0.06)	0.00	(0.17)	0.00	0.00	1.19	(1.37)	3.89
TISVX	0.80	0.12	0.10	0.12	1.23	(0.78)	1.99	(1.65)	9.81
PMDDX	0.82	(0.08)	0.00	(0.16)	0.00	0.00	1.31	(1.78)	3.94

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC