Miller Market Neutral Fund Manager Performance Evaluation

MMNIX Fund   10.50  0.01  0.1%   
The fund secures a Beta (Market Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Miller Market's returns are expected to increase less than the market. However, during the bear market, the loss of holding Miller Market is expected to be smaller as well.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Miller Market Neutral are ranked lower than 1 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Miller Market is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Miller Market Relative Risk vs. Return Landscape

If you would invest  1,047  in Miller Market Neutral on October 26, 2024 and sell it today you would earn a total of  3.00  from holding Miller Market Neutral or generate 0.29% return on investment over 90 days. Miller Market Neutral is currently producing 0.005% returns and takes up 0.2276% volatility of returns over 90 trading days. Put another way, 2% 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  
Assuming the 90 days horizon Miller Market is expected to generate 16.12 times less return on investment than the market. But when comparing it to its historical volatility, the company is 3.78 times less risky than the market. It trades about 0.02 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.09 of returns per unit of risk over similar time horizon.

Miller Market Current Valuation

Fairly Valued
Today
10.50
Please note that Miller Market's price fluctuation is very steady at this time. Miller Market Neutral secures a last-minute Real Value of USD10.51 per share. The latest price of the fund is USD10.5. Our model forecasts the value of Miller Market Neutral from analyzing the fund technical indicators and probability of bankruptcy. In general, investors 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 Market is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Miller Mutual Fund. However, Miller Market'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  10.5 Real  10.51 Hype  10.51 Naive  10.51
The intrinsic value of Miller Market'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 Market'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.
10.51
Real Value
10.74
Upside
Estimating the potential upside or downside of Miller Market Neutral 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 Market more accurately as focusing exclusively on Miller Market's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.4510.4810.51
Details
Hype
Prediction
LowEstimatedHigh
10.2810.5110.74
Details
Naive
Forecast
LowNext ValueHigh
10.2910.5110.74
Details

Miller Market Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Market's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Miller Market Neutral, and traders can use it to determine the average amount a Miller Market'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 = 0.0221

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Estimated Market Risk

 0.23
  actual daily
2
98% of assets are more volatile

Expected Return

 0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.02
  actual daily
1
99% of assets perform better
Based on monthly moving average Miller Market is performing at about 1% of its full potential. 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 Market by adding it to a well-diversified portfolio.

About Miller Market Performance

Evaluating Miller Market's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Miller Market 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 Market 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 funds advisor seeks to achieve maximum current income while remaining market neutral by achieving a low correlation to the fluctuations of the U.S. stock market. Its primary investment vehicle are convertible bonds. Secondarily, the fund may invest in, but is not limited to, government bonds, corporate bonds, preferred securities, and equities.

Things to note about Miller Market Neutral performance evaluation

Checking the ongoing alerts about Miller Market for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Miller Market Neutral help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Evaluating Miller Market's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Miller Market's mutual fund performance include:
  • Analyzing Miller Market'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 Market's stock is overvalued or undervalued compared to its peers.
  • Examining Miller Market'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 Market's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Miller Market's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of Miller Market's mutual fund. These opinions can provide insight into Miller Market's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Miller Market's mutual fund performance is not an exact science, and many factors can impact Miller Market's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Other Information on Investing in Miller Mutual Fund

Miller Market 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 Market security.
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