MILLER Mutual Fund Buy Hold or Sell Recommendation

MCPIX
 Fund
  

USD 20.92  0.05  0.24%   

Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding MILLER CONVERTIBLE PLUS is 'Sell'. Macroaxis provides MILLER CONVERTIBLE buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MCPIX positions. The advice algorithm takes into account all of MILLER CONVERTIBLE's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from MILLER CONVERTIBLE's buy-and-hold perspective. Additionally, see MILLER CONVERTIBLE Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual funds such as MILLER and provide practical buy, sell, or hold recommendation based on selected investing horizon and risk tolerance towards MILLER CONVERTIBLE PLUS.

Execute MILLER CONVERTIBLE Buy or Sell Advice

The MILLER recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on MILLER CONVERTIBLE PLUS. Macroaxis does not own or have any residual interests in MILLER CONVERTIBLE PLUS or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute MILLER CONVERTIBLE's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell MILLER CONVERTIBLEBuy MILLER CONVERTIBLE
Sell

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Not Available
Details
For the selected time horizon MILLER CONVERTIBLE PLUS has a Mean Deviation of 0.5945, Semi Deviation of 0.6842, Standard Deviation of 0.7618, Variance of 0.5804, Downside Variance of 0.5226 and Semi Variance of 0.4681
Our advice module complements current analysts and expert consensus on MILLER CONVERTIBLE PLUS. It analyzes the fund potential to grow using all fundamental, technical, and market related data available now. Please exercise MILLER CONVERTIBLE PLUS net asset to make buy, hold, or sell decision on MILLER CONVERTIBLE PLUS.

MILLER CONVERTIBLE Trading Alerts and Improvement Suggestions

MILLER CONVERTIBLE is unlikely to experience financial distress in the next 2 years
The fund maintains about 11.95% of its assets in bonds

MILLER CONVERTIBLE Returns Distribution Density

The distribution of MILLER CONVERTIBLE's historical returns is an attempt to chart the uncertainty of MILLER CONVERTIBLE's future price movements. The chart of the probability distribution of MILLER CONVERTIBLE stock daily returns describes the distribution of returns around its average expected value. We use MILLER CONVERTIBLE PLUS price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of MILLER CONVERTIBLE returns is essential to provide solid investment advice for MILLER CONVERTIBLE.
Mean Return0.009384Value At Risk-1.2
Potential Upside1.08Standard Deviation0.76
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of MILLER CONVERTIBLE historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

MILLER CONVERTIBLE Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to MILLER CONVERTIBLE or Miller Investment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that MILLER CONVERTIBLE's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a MILLER fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.0013
β
Beta against NYSE Composite0.007
σ
Overall volatility
0.77
Ir
Information ratio -0.13

MILLER CONVERTIBLE Volatility Alert

MILLER CONVERTIBLE PLUS exhibits relatively low volatility with skewness of 0.45 and kurtosis of 0.98. However, we advice investors to further investigate MILLER CONVERTIBLE PLUS to ensure all market statistics is disseminated and is consistent with investors' estimations about MILLER CONVERTIBLE upside potential. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure MILLER CONVERTIBLE's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact MILLER CONVERTIBLE's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

MILLER CONVERTIBLE Fundamentals Vs Peers

Comparing MILLER CONVERTIBLE's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze MILLER CONVERTIBLE's direct or indirect competition across all of the common fundamentals between MILLER CONVERTIBLE and the related equities. This way, we can detect undervalued stocks with similar characteristics as MILLER CONVERTIBLE or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of MILLER CONVERTIBLE's fundamental indicators could also be used in its relative valuation, which is a method of valuing MILLER CONVERTIBLE by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare MILLER CONVERTIBLE to competition
FundamentalsMILLER CONVERTIBLEPeer Average
One Year Return6.68 %4.15 %
Three Year Return4.10 %3.60 %
Five Year Return3.96 %3.24 %
Net Asset121.78 M4.11 B
Minimum Initial Investment1000 K976.16 K
Last Dividend Paid0.880.65
Cash Position Weight0.60 %10.61 %
Equity Positions Weight2.46 %63.90 %
Bond Positions Weight11.95 %11.24 %

About MILLER CONVERTIBLE Buy or Sell Advice

When is the right time to buy or sell MILLER CONVERTIBLE PLUS? Buying financial instruments such as MILLER Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having MILLER CONVERTIBLE in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Cancer Fighters Thematic Idea Now

Cancer Fighters
Cancer Fighters Theme
Biotech and medical diagnostic companies that work on researching drugs or manufacturing of medical and therapeutics equipment that is directly related to the research, treatment, and detection of cancer or cancer related diseases. The Cancer Fighters theme has 57 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cancer Fighters Theme or any other thematic opportunities.
View All  Next Launch
Additionally, see MILLER CONVERTIBLE Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for analysis

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.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
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.