Miller Mutual Fund Financials

MCPIX
 Fund
  

USD 20.75  0.03  0.14%   

Financial data analysis helps to check out if markets are presently mispricing Miller Convertible Plus. We were able to collect and analyze data for twelve available fundamentals for Miller Convertible, which can be compared to its peers in the industry. Please exercise Miller Convertible Plus net asset to make a decision on whether Miller Convertible Plus is priced favorably. Use Miller Convertible to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The fund experiences a normal downward trend and little activity. Check odds of Miller Convertible to be traded at $20.54 in 90 days.
  
With this module, you can analyze Miller financials for your investing period. You should be able to track the changes in Miller Convertible individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Understanding current and past Miller Convertible Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Miller Convertible's financial statements are interrelated, with each one affecting the others. For example, an increase in Miller Convertible's assets may result in an increase in income on the income statement.
Chance Of Financial Distress
Less than 1
Miller Convertible Plus has less than 1 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Miller Convertible mutual fund is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Miller Convertible's official financial statements usually reflect Miller Convertible's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Miller Convertible Plus. For example, before you start analyzing numbers published by Miller accountants, it's critical to develop an understanding of what Miller Convertible's liquidity, profitability, and earnings quality are in the context of the Miller Investment space in which it operates.
Please note that past performance is not an indicator of the future performance of Miller Convertible, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost. .

Miller Convertible Company Summary

Miller Convertible competes with Allianzgi Convertible. Under normal conditions, 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.
InstrumentUSA Mutual Fund View All
ExchangeNASDAQ Exchange
Business AddressMiller Investment Trust
Mutual Fund FamilyMiller Investment
Mutual Fund CategoryConvertibles
BenchmarkDOW
Phone877 441 4434
CurrencyUSD - US Dollar
You should never invest in Miller Convertible without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Miller Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Miller Convertible's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Miller Convertible Key Financial Ratios

Generally speaking, Miller Convertible's financial ratios allow both analysts and investors to convert raw data from Miller Convertible's financial statements into concise, actionable information that can be used to evaluate the performance of Miller Convertible over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Miller Convertible Plus reports annually and quarterly.

Miller Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Miller Convertible's current stock value. Our valuation model uses many indicators to compare Miller Convertible value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Miller Convertible competition to find correlations between indicators driving Miller Convertible's intrinsic value. More Info.
Miller Convertible Plus is number one fund in bond positions weight among similar funds. It is regarded second largest fund in equity positions weight among similar funds making about  0.21  of Equity Positions Weight per Bond Positions Weight. The ratio of Bond Positions Weight to Equity Positions Weight for Miller Convertible Plus is roughly  4.86 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Miller Convertible by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Miller Convertible's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Miller Convertible's earnings, one of the primary drivers of an investment's value.

Miller Convertible Plus Systematic Risk

Miller Convertible's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Miller Convertible volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Miller Convertible Plus correlated with the market. If Beta is less than 0 Miller Convertible generally moves in the opposite direction as compared to the market. If Miller Convertible Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Miller Convertible Plus is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Miller Convertible is generally in the same direction as the market. If Beta > 1 Miller Convertible moves generally in the same direction as, but more than the movement of the benchmark.
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About Miller Convertible Financials

What exactly are Miller Convertible Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Miller Convertible's income statement, its balance sheet, and the statement of cash flows. Potential Miller Convertible investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Miller Convertible investors may use each financial statement separately, they are all related. The changes in Miller Convertible's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Miller Convertible's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Miller Convertible is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Miller has grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Miller Convertible Thematic Clasifications

Miller Convertible Plus is part of Convertibles investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Funds investing in convertibles debt instruments. Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date
Convertibles Idea
ConvertiblesView
This theme covers Funds investing in convertibles debt instruments. Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. Get More Thematic Ideas
Miller Convertible Plus is regarded second largest fund in net asset among similar funds. Total Asset Under Management (AUM) of Convertibles category is currently estimated at about 3.11 Billion. Miller Convertible holds roughly 121.78 Million in net asset claiming about 4% of funds in Convertibles category.

Miller Convertible November 26, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Miller Convertible help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Miller Convertible Plus. We use our internally-developed statistical techniques to arrive at the intrinsic value of Miller Convertible Plus based on widely used predictive technical indicators. In general, we focus on analyzing Miller Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Miller Convertible's daily price indicators and compare them against related drivers.
Information Ratio(0.13)
Maximum Drawdown3.66
Value At Risk(1.20)
Potential Upside1.08
Additionally, see Correlation Analysis. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Miller Convertible Plus price analysis, check to measure Miller Convertible's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Miller Convertible is operating at the current time. Most of Miller Convertible's value examination focuses on studying past and present price action to predict the probability of Miller Convertible's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Miller Convertible's price. Additionally, you may evaluate how the addition of Miller Convertible to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Miller Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine Miller Convertible value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller Convertible'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.