Miller Opportunity Correlations

LMOFX Fund

USD 37.81 0.18 0.47%

The current 90-days correlation between Miller Opportunity Trust and Global Gold Fund is 0.13 (i.e., Average diversification). The correlation of Miller Opportunity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Miller Opportunity Correlation With Market

Almost no diversification

The correlation between Miller Opportunity Trust and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Miller Opportunity Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Opportunity Trust. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Miller Mutual Fund

0.9	LGOAX	Miller Opportunity Trust	Pair Corr
0.87	LMCKX	Miller Income	Pair Corr
0.87	LMCLX	Miller Income	Pair Corr
0.87	LMCJX	Miller Income	Pair Corr
0.87	LMCMX	Miller Income	Pair Corr
1.0	LMOPX	Miller Opportunity Trust	Pair Corr
1.0	LMORX	Miller Opportunity Trust	Pair Corr
1.0	LMNOX	Miller Opportunity Trust	Pair Corr
1.0	MVISX	Miller Opportunity Trust	Pair Corr
0.97	LCMNX	Miller Income	Pair Corr
0.84	VMVAX	Vanguard Mid Cap	Pair Corr
0.84	JVMAX	John Hancock Disciplined	Pair Corr
0.93	JVMIX	John Hancock Disciplined	Pair Corr
0.95	VMVIX	Vanguard Mid Cap	Pair Corr
0.83	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.83	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.96	VETAX	Victory Sycamore Est	Pair Corr
0.81	PFN	Pimco Income Strategy	Pair Corr
0.82	CIF	Mfs Intermediate High	Pair Corr
0.86	XPPRX	Voya Prime Rate	Pair Corr
0.79	PCF	Putnam High Income	Pair Corr
0.9	TEMVX	Tiaa Cref Emerging	Pair Corr
0.8	HNINX	Harbor International	Pair Corr
0.79	LSFYX	Loomis Sayles Senior	Pair Corr
0.75	OTCBX	Mfs Mid Cap	Pair Corr
0.72	CVISX	Causeway International	Pair Corr
0.62	RECIX	Rbc Emerging Markets	Pair Corr
0.77	MSSOX	Global Strategist	Pair Corr
0.67	EVUAX	Wells Fargo Advantage	Pair Corr

Moving against Miller Mutual Fund

0.39

VFIUX

Vanguard Intermediate-ter

Pair Corr

Related Correlations Analysis

	AGGNX	IIGCX	GLDAX	QGLDX	IOGYX	GCEBX	UIPMX
AGGNX		1.0	0.83	0.81	0.81	0.53	0.84	AGGNX
IIGCX	1.0		0.84	0.81	0.81	0.55	0.84	IIGCX
GLDAX	0.83	0.84		0.95	0.99	0.48	0.99	GLDAX
QGLDX	0.81	0.81	0.95		0.92	0.57	0.95	QGLDX
IOGYX	0.81	0.81	0.99	0.92		0.51	0.97	IOGYX
GCEBX	0.53	0.55	0.48	0.57	0.51		0.47	GCEBX
UIPMX	0.84	0.84	0.99	0.95	0.97	0.47		UIPMX
	AGGNX	IIGCX	GLDAX	QGLDX	IOGYX	GCEBX	UIPMX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Miller Mutual Fund performing well and Miller Opportunity Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Miller Opportunity's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AGGNX	1.81	0.45	0.15	1.15	2.45	(1.90)	4.56	(3.50)	15.76
IIGCX	1.83	0.47	0.16	1.47	2.33	(1.95)	4.90	(3.43)	15.95
GLDAX	1.77	0.50	0.16	42.68	2.28	(1.76)	4.72	(3.50)	15.70
QGLDX	1.27	0.23	0.16	4.82	1.27	(1.43)	3.06	(2.22)	6.58
IOGYX	1.72	0.45	0.16	35.41	2.16	(1.84)	4.62	(3.12)	14.47
GCEBX	0.82	0.20	0.12	0.74	1.17	(0.93)	2.01	(1.69)	7.33
UIPMX	1.77	0.43	0.15	5.78	2.45	(1.90)	4.95	(3.07)	14.30

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC