Millerhoward High Income Fund Market Value
| XHIEX Fund | USD 12.64 0.00 0.00% |
| Symbol | Millerhoward |
Please note, there is a significant difference between Millerhoward High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millerhoward High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millerhoward High'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.
Millerhoward High 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Millerhoward High's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Millerhoward High.
| 02/18/2023 |
| 01/08/2025 |
If you would invest 0.00 in Millerhoward High on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding Millerhoward High Income or generate 0.0% return on investment in Millerhoward High over 690 days. Millerhoward High is related to or competes with Enhanced Fixed, Blrc Sgy, Georgia Tax-free, Bbh Intermediate, California Bond, and Metropolitan West. Millerhoward High is entity of United States More
Millerhoward High Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Millerhoward High's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Millerhoward High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3852 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 2.41 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.727 |
Millerhoward High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Millerhoward High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Millerhoward High's standard deviation. In reality, there are many statistical measures that can use Millerhoward High historical prices to predict the future Millerhoward High's volatility.| Risk Adjusted Performance | 0.0456 | |||
| Jensen Alpha | 0.0147 | |||
| Total Risk Alpha | 0.0079 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2224 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Millerhoward High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Millerhoward High Income Backtested Returns
At this stage we consider Millerhoward Mutual Fund to be very steady. Millerhoward High Income has Sharpe Ratio of 0.0955, which conveys that the entity had a 0.0955% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Millerhoward High, which you can use to evaluate the volatility of the fund. Please verify Millerhoward High's Risk Adjusted Performance of 0.0456, downside deviation of 0.3852, and Mean Deviation of 0.2077 to check out if the risk estimate we provide is consistent with the expected return of 0.0347%. The fund secures a Beta (Market Risk) of 0.0721, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Millerhoward High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Millerhoward High is expected to be smaller as well.
Auto-correlation | -0.04 |
Very weak reverse predictability
Millerhoward High Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Millerhoward High time series from 18th of February 2023 to 29th of January 2024 and 29th of January 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Millerhoward High Income price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Millerhoward High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Millerhoward High Income lagged returns against current returns
Autocorrelation, which is Millerhoward High mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Millerhoward High's mutual fund expected returns. We can calculate the autocorrelation of Millerhoward High returns to help us make a trade decision. For example, suppose you find that Millerhoward High has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Millerhoward High regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Millerhoward High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Millerhoward High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Millerhoward High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Millerhoward High Lagged Returns
When evaluating Millerhoward High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Millerhoward High mutual fund have on its future price. Millerhoward High autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Millerhoward High autocorrelation shows the relationship between Millerhoward High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Millerhoward High Income.
Regressed Prices |
| Timeline |
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Other Information on Investing in Millerhoward Mutual Fund
Millerhoward High financial ratios help investors to determine whether Millerhoward Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Millerhoward with respect to the benefits of owning Millerhoward High security.
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