Millerhoward High Income Fund Manager Performance Evaluation
| HIE Fund | USD 10.94 0.03 0.27% |
The fund secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Millerhoward High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Millerhoward High is expected to be smaller as well.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Millerhoward High Income are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of rather sound forward indicators, Millerhoward High is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
...more1 | HIE CEF Moving To Hold On This Term Fund - Seeking Alpha | 02/09/2024 |
2 | Cabrach Trust gains 500,000 for whisky distillery - The Spirits Business | 03/06/2024 |
3 | MILLERHOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS - Yahoo Finance | 04/01/2024 |
| Expense Ratio | 1.7000 |
Millerhoward |
Millerhoward High Relative Risk vs. Return Landscape
If you would invest 1,043 in Millerhoward High Income on February 1, 2024 and sell it today you would earn a total of 51.00 from holding Millerhoward High Income or generate 4.89% return on investment over 90 days. Millerhoward High Income is generating 0.079% of daily returns assuming volatility of 0.6336% on return distribution over 90 days investment horizon. In other words, 5% of funds are less volatile than Millerhoward, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Millerhoward High Current Valuation
Fairly Valued
Today
Please note that Millerhoward High's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Millerhoward High secures a last-minute Real Value of $10.86 per share. The latest price of the fund is $10.94. We determine the value of Millerhoward High from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend purchasing undervalued funds and exiting overvalued funds since, at some point, fund prices and their ongoing real values will merge together.
Our valuation method for Millerhoward High Income is useful when determining the fair value of the Millerhoward fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Millerhoward High. Since Millerhoward High is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Millerhoward Fund. However, Millerhoward High'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 10.94 | Real 10.86 | Hype 10.94 | Naive 11.13 |
The real value of Millerhoward Fund, also known as its intrinsic value, is the underlying worth of Millerhoward High Fund, which is reflected in its stock price. It is based on Millerhoward High's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Millerhoward High'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 Millerhoward High'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 Millerhoward High Income helps investors to forecast how Millerhoward 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 Millerhoward High more accurately as focusing exclusively on Millerhoward High's fundamentals will not take into account other important factors: Millerhoward High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Millerhoward High's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Millerhoward High Income, and traders can use it to determine the average amount a Millerhoward High'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 = 0.1247
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| Cash | HIE | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.63 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Millerhoward High is performing at about 9% 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 Millerhoward High by adding it to a well-diversified portfolio.
Millerhoward High Fundamentals Growth
Millerhoward Fund prices reflect investors' perceptions of the future prospects and financial health of Millerhoward High, and Millerhoward High 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 Millerhoward Fund performance.
| Shares Outstanding | 18.69 M | ||||
| Price To Earning | 8.78 X | ||||
| Earnings Per Share | 1.16 X | ||||
About Millerhoward High Performance
To evaluate Millerhoward High Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Millerhoward High generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Millerhoward Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Millerhoward High market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Millerhoward's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.MillerHoward High Income Equity Fund is a closed ended equity mutual fund launched and managed by Miller Howard Investments, Inc. MillerHoward High Income Equity Fund was formed on November 24, 2014 and is domiciled in the United States. MillerHoward High operates under Asset Management classification in the United States and is traded on New York Stock Exchange.Things to note about Millerhoward High performance evaluation
Checking the ongoing alerts about Millerhoward High for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Millerhoward High help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Millerhoward High's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Millerhoward High's fund performance include:- Analyzing Millerhoward High'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 Millerhoward High's stock is overvalued or undervalued compared to its peers.
- Examining Millerhoward High'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 Millerhoward High's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Millerhoward High's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Millerhoward High's fund. These opinions can provide insight into Millerhoward High's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Millerhoward High Income. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.