Miller Income Correlations
| LMCKX Fund | USD 8.41 0.02 0.24% |
The current 90-days correlation between Miller Income and Aam Select Income is 0.19 (i.e., Average 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
Very poor diversification
The correlation between Miller Income Fund and DJI is 0.81 (i.e., Very poor 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.
Miller |
Moving together with Miller Mutual Fund
| 0.95 | LGOAX | Miller Opportunity Trust | PairCorr |
| 0.93 | LMCLX | Miller Income | PairCorr |
| 0.83 | LMCJX | Miller Income | PairCorr |
| 0.93 | LMCMX | Miller Income | PairCorr |
| 0.95 | LMOFX | Miller Opportunity Trust | PairCorr |
| 0.92 | LMOPX | Miller Opportunity Trust | PairCorr |
| 0.95 | LMORX | Miller Opportunity Trust | PairCorr |
| 0.92 | LMNOX | Miller Opportunity Trust | PairCorr |
| 0.95 | MVISX | Miller Opportunity Trust | PairCorr |
| 1.0 | LCMNX | Miller Income | PairCorr |
Moving against Miller Mutual Fund
| 0.53 | MBOYX | Madison E Bond | PairCorr |
| 0.47 | GIBLX | Guggenheim Total Return | PairCorr |
| 0.46 | TGROX | Tiaa Cref Green | PairCorr |
| 0.44 | PBDPX | Pimco Investment Grade | PairCorr |
| 0.33 | PEFPX | Pimco Em Fundamental | PairCorr |
| 0.32 | BTMPX | Ishares Msci Eafe | PairCorr |
| 0.32 | DIMIX | Dreyfus Short Interm | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPUCX | 0.25 | 0.01 | 0.23 | 0.11 | 0.25 | 0.44 | 1.45 | |||
| CNGLX | 0.67 | (0.15) | 0.00 | (16.69) | 0.00 | 1.17 | 3.76 | |||
| KMVAX | 1.13 | (0.04) | 0.00 | (0.11) | 0.00 | 1.72 | 9.45 | |||
| SISEX | 0.61 | 0.09 | 0.16 | 0.20 | 0.76 | 1.64 | 4.04 | |||
| ARTQX | 0.73 | (0.03) | 0.00 | (0.11) | 0.00 | 1.39 | 3.11 | |||
| HRSTX | 0.06 | (0.01) | 0.19 | 1.19 | 0.12 | 0.12 | 0.71 | |||
| REMVX | 0.80 | 0.09 | 0.12 | 0.12 | 0.94 | 1.67 | 5.76 | |||
| CCMSX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |