Miller Vertible Bond Fund Manager Performance Evaluation
| MCFAX Fund | USD 12.79 0.06 0.47% |
The fund secures a Beta (Market Risk) of 0.0605, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Miller Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Miller Convertible is expected to be smaller as well.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Miller Vertible Bond has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Miller Convertible is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of March 2023 | |
| Expense Ratio | 1.4900 |
Miller |
Miller Convertible Relative Risk vs. Return Landscape
If you would invest 1,292 in Miller Vertible Bond on October 6, 2024 and sell it today you would lose (13.00) from holding Miller Vertible Bond or give up 1.01% of portfolio value over 90 days. Miller Vertible Bond is currently producing negative expected returns and takes up 0.353% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than Miller, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Miller Convertible Current Valuation
Fairly Valued
Today
Please note that Miller Convertible's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Miller Vertible Bond secures a last-minute Real Value of $12.84 per share. The latest price of the fund is $12.79. We determine the value of Miller Vertible Bond from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Miller Convertible is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Miller Mutual Fund. However, Miller Convertible's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 12.79 | Real 12.84 | Hype 12.79 |
The intrinsic value of Miller Convertible's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Miller Convertible's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Miller Vertible Bond helps investors to forecast how Miller mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Miller Convertible more accurately as focusing exclusively on Miller Convertible's fundamentals will not take into account other important factors: Miller Convertible Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Convertible's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Miller Vertible Bond, and traders can use it to determine the average amount a Miller Convertible'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 = -0.0437
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MCFAX |
Estimated Market Risk
| 0.35 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Miller Convertible is not performing at its full potential. However, 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 Convertible by adding Miller Convertible to a well-diversified portfolio.
Miller Convertible Fundamentals Growth
Miller Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Miller Convertible, and Miller Convertible 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.
| Total Asset | 39.1 M | ||||
About Miller Convertible Performance
Evaluating Miller Convertible's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Miller Convertible has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Miller Convertible has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its assets in convertible bonds. The managers define convertible bonds as including synthetic convertible bonds and other securities that the advisor identifies as having characteristics similar to convertible bonds.Things to note about Miller Vertible Bond performance evaluation
Checking the ongoing alerts about Miller Convertible for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Miller Vertible Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Miller Vertible Bond generated a negative expected return over the last 90 days | |
| The fund generated three year return of 0.0% | |
| Miller Vertible Bond maintains about 5.18% of its assets in cash |
- Analyzing Miller Convertible'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 Convertible's stock is overvalued or undervalued compared to its peers.
- Examining Miller Convertible'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 Convertible's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Miller Convertible's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Miller Convertible's mutual fund. These opinions can provide insight into Miller Convertible's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Miller Mutual Fund
Miller Convertible financial ratios help investors to determine whether Miller 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 Miller with respect to the benefits of owning Miller Convertible security.
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