MILLER Mutual Fund Valuation

MCPIX
 Fund
  

USD 20.92  0.05  0.24%   

Do you wonder what the value of MILLER CONVERTIBLE PLUS is? Calculating the true value of any business is not as easy as it may seem. While the market cap of a public entity, such as MILLER CONVERTIBLE, is its stock price multiplied by the total number of shares outstanding, calculating MILLER CONVERTIBLE's enterprise value requires a different approach. It uses MILLER CONVERTIBLE's balance sheet items such as long-term debt, the book value of the preferred stock, minority interest, and other important financials.
MILLER CONVERTIBLE PLUS secures a last-minute Real Value of $20.62 per share. The latest price of the fund is $20.92. At this time, the fund appears to be fairly valued. We determine the value of MILLER CONVERTIBLE PLUS from inspecting 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 future time, mutual fund prices and their ongoing real values will merge together.
  
MILLER CONVERTIBLE Valuation Module provides a unique way to ballpark how much the company is worth today. It is done using both, our quantitative analysis of the company fundamentals as well as its intrinsic market price estimation to project the real value. We also take into consideration other essential factors such as MILLER CONVERTIBLE's management style, its c-level domain expertise and tenure, its overall leadership history as well as current capital structure, and future earnings potential.
Fairly Valued
Today 20.92
Please note that MILLER CONVERTIBLE's price fluctuation is very steady at this time.
MILLER CONVERTIBLE PLUS secures a last-minute Real Value of $20.62 per share. The latest price of the fund is $20.92. At this time, the fund appears to be fairly valued. We determine the value of MILLER CONVERTIBLE PLUS from inspecting 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 future time, mutual fund prices and their ongoing real values will merge together.
Our valuation method for MILLER CONVERTIBLE PLUS is useful when determining the fair value of the MILLER mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of MILLER CONVERTIBLE. 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.
20.62
Real Value
21.39
Upside
Estimating the potential upside or downside of MILLER CONVERTIBLE PLUS 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:
Hype
Prediction
LowEstimated ValueHigh
20.1520.9221.69
Details

MILLER CONVERTIBLE Valuation Ratios as Compared to Competition

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 number one fund in one year return among similar funds reporting about  0.56  of One Year Return per Bond Positions Weight. The ratio of Bond Positions Weight to One Year Return for MILLER CONVERTIBLE PLUS is roughly  1.79 . 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.
Please note that valuation analysis is one of the essential comprehensive assessments in business. It evaluates MILLER CONVERTIBLE's worth, which you can determine by considering its current assets, liabilities and future cash flows. The investors' valuation analysis is an important metric that will give you a perspective on different companies. It helps you know the worth of the potential investment in MILLER CONVERTIBLE and how it compares across the competition.

About MILLER CONVERTIBLE Valuation

The fund valuation mechanism determines the current worth of MILLER CONVERTIBLE PLUS on a weekly basis. We use both absolute as well as relative valuation methodologies to arrive at the intrinsic value of MILLER CONVERTIBLE PLUS. In general, an absolute valuation paradigm, as applied to this mutual fund, attempts to find the value of MILLER CONVERTIBLE PLUS based exclusively on its fundamental and basic technical indicators. By analyzing MILLER CONVERTIBLE's financials, quarterly and monthly indicators, and its related drivers such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of MILLER CONVERTIBLE's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of MILLER CONVERTIBLE. We calculate exposure to MILLER CONVERTIBLE's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to MILLER CONVERTIBLE's related companies.
Fiscal _ Year _ End
October
Under normal conditions, the fund invests at least 80 percent of its assets in convertible bonds. Miller Convertible is traded on NASDAQ Exchange in the United States.
MILLER CONVERTIBLE's stock price is the clearest measure of market expectations about its performance. Without stock valuation, investors cannot independently discern whether MILLER CONVERTIBLE's value is low or high relative to the company's performance and growth projections. Determining the market value of MILLER CONVERTIBLE can be done in different ways, such as multiplying its stock price by its outstanding shares.
A single share of MILLER CONVERTIBLE represents a small ownership stake in the entity. As a stockholder of MILLER, your percentage of company ownership is determined by dividing the number of shares you own by the total number of shares outstanding and then multiplying that amount by 100. Owning stock in a company generally confers both corporate voting rights and income from any dividends paid to the stock owner.

MILLER CONVERTIBLE Dividends Analysis For Valuation

There are various types of dividends MILLER CONVERTIBLE can pay to its shareholders, and the actual value of the dividend is determined on a per-share basis. It is to be paid equally to all of MILLER shareholders on a specific date, known as the payable date. The cash dividend is the most common type of dividend payment - it is the payment of actual cash from MILLER CONVERTIBLE PLUS directly to its shareholders. There are other types of dividends that companies can issue, such as stock dividends or asset dividends. When MILLER pays a dividend, it has no impact on its enterprise value. It does, however, lowers the Equity Value of MILLER CONVERTIBLE by the value of the dividends paid out.

MILLER CONVERTIBLE Valuation Growth Rates

Growth stocks usually refer to those companies expected to grow sales and earnings faster than the market average. Growth stocks typically don't pay dividends, often look expensive, and usually trading at a high P/E ratio. Nevertheless, such valuations could be relatively cheap if the company continues to grow, which will drive the share price up. However, since most investors are paying a high price for a growth stock, based on expectations, if those expectations are not fully realized, growth stocks can see dramatic declines. Note, investing in growth stocks can be very risky. If the company such as MILLER CONVERTIBLE does not do well, investors take a loss on the stock when it is time to sell. Also, because growth stocks typically do not pay dividends, the only opportunity an investor has to make money on their investment is when they eventually sell their shares.
Annual Report Expense Ratio2.97%
Additionally, see Correlation Analysis. You can also try CEO Directory module to screen CEOs from public companies around the world.

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.
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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.