Miller Income Fund Manager Performance Evaluation
| LMCMX Fund | USD 9.18 0.01 0.11% |
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 Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Miller Income is expected to be smaller as well.
Risk-Adjusted Performance
15 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Miller Income Fund are ranked lower than 15 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak primary indicators, Miller Income showed solid returns over the last few months and may actually be approaching a breakup point.
...more1 | Miller Deep Value Select Strategy Q3 2024 Letter - Seeking Alpha | 10/14/2024 |
| Expense Ratio | 0.9300 |
Miller |
Miller Income Relative Risk vs. Return Landscape
If you would invest 804.00 in Miller Income Fund on September 17, 2024 and sell it today you would earn a total of 114.00 from holding Miller Income Fund or generate 14.18% return on investment over 90 days. Miller Income Fund is currently producing 0.2134% returns and takes up 1.1151% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than Miller, and 96% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Miller Income Current Valuation
Undervalued
Today
Please note that Miller Income's price fluctuation is not too volatile at this time. At this time, the fund appears to be undervalued. Miller Income secures a last-minute Real Value of $9.86 per share. The latest price of the fund is $9.18. We determine the value of Miller Income 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 Income is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Miller Mutual Fund. However, Miller Income'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 9.18 | Real 9.86 | Hype 9.18 |
The intrinsic value of Miller Income'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 Income'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 Income Fund 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 Income more accurately as focusing exclusively on Miller Income's fundamentals will not take into account other important factors: Miller Income Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Income's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Miller Income Fund, and traders can use it to determine the average amount a Miller Income'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 = 0.1914
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | LMCMX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.12 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Miller Income is performing at about 15% 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 Income by adding it to a well-diversified portfolio.
Miller Income Fundamentals Growth
Miller Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Miller Income, and Miller Income 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.
| Price To Earning | 10.17 X | ||||
| Price To Book | 1.00 X | ||||
| Price To Sales | 1.45 X | ||||
| Total Asset | 178.62 M | ||||
About Miller Income Performance
Evaluating Miller Income's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Miller Income 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 Income 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.
Under normal market conditions, the fund will invest without limit primarily in cash distributing equity, and equity-like securities, fixed income securities, derivatives, and other financial instruments of issuers located anywhere in the world. It can invest without limit in foreign securities in any country, including countries with developing or emerging markets. The fund is non-diversified.Things to note about Miller Income performance evaluation
Checking the ongoing alerts about Miller Income for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Miller Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 6.32% of its assets in bonds |
- Analyzing Miller Income'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 Income's stock is overvalued or undervalued compared to its peers.
- Examining Miller Income'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 Income's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Miller Income's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Miller Income's mutual fund. These opinions can provide insight into Miller Income's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Miller Mutual Fund
Miller Income 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 Income security.
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