Miller Industries Stock Market Value

MLR Stock  USD 50.15  0.84  1.70%   
Miller Industries' market value is the price at which a share of Miller Industries trades on a public exchange. It measures the collective expectations of Miller Industries investors about its performance. Miller Industries is selling at 50.15 as of the 28th of March 2024; that is 1.70 percent increase since the beginning of the trading day. The stock's lowest day price was 49.57.
With this module, you can estimate the performance of a buy and hold strategy of Miller Industries and determine expected loss or profit from investing in Miller Industries over a given investment horizon. Check out Miller Industries Correlation, Miller Industries Volatility and Miller Industries Alpha and Beta module to complement your research on Miller Industries.
To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.
Symbol

Miller Industries Price To Book Ratio

Is Miller Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Miller Industries. If investors know Miller will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Miller Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.793
Dividend Share
0.72
Earnings Share
5.07
Revenue Per Share
100.827
Quarterly Revenue Growth
0.312
The market value of Miller Industries is measured differently than its book value, which is the value of Miller that is recorded on the company's balance sheet. Investors also form their own opinion of Miller Industries' value that differs from its market value or its book value, called intrinsic value, which is Miller Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Miller Industries' market value can be influenced by many factors that don't directly affect Miller Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Miller Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Miller Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller Industries' 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.

Miller Industries 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Miller Industries' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Miller Industries.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Miller Industries on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Miller Industries or generate 0.0% return on investment in Miller Industries over 30 days. Miller Industries is related to or competes with 1847 Holdings, NN, Falcons Beyond, Brookfield Business, China Yuchai, FTAI Infrastructure, and Greenbrier Companies. Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment More

Miller Industries Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Miller Industries' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Miller Industries upside and downside potential and time the market with a certain degree of confidence.

Miller Industries Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miller Industries' standard deviation. In reality, there are many statistical measures that can use Miller Industries historical prices to predict the future Miller Industries' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Miller Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
47.7949.9352.07
Details
Intrinsic
Valuation
LowRealHigh
31.4333.5755.17
Details
Naive
Forecast
LowNextHigh
47.5549.6951.83
Details
0 Analysts
Consensus
LowTargetHigh
19.1121.0023.31
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Miller Industries. Your research has to be compared to or analyzed against Miller Industries' peers to derive any actionable benefits. When done correctly, Miller Industries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Miller Industries.

Miller Industries Backtested Returns

Miller Industries appears to be very steady, given 3 months investment horizon. Miller Industries has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Miller Industries, which you can use to evaluate the volatility of the firm. Please exercise Miller Industries' Risk Adjusted Performance of 0.0824, mean deviation of 1.36, and Downside Deviation of 1.66 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Miller Industries holds a performance score of 11. The company secures a Beta (Market Risk) of 2.14, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Miller Industries will likely underperform. Please check Miller Industries' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Miller Industries' current price movements will revert.

Auto-correlation

    
  0.68  

Good predictability

Miller Industries has good predictability. Overlapping area represents the amount of predictability between Miller Industries time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Miller Industries price movement. The serial correlation of 0.68 indicates that around 68.0% of current Miller Industries price fluctuation can be explain by its past prices.
Correlation Coefficient0.68
Spearman Rank Test0.61
Residual Average0.0
Price Variance0.97

Miller Industries lagged returns against current returns

Autocorrelation, which is Miller Industries stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Miller Industries' stock expected returns. We can calculate the autocorrelation of Miller Industries returns to help us make a trade decision. For example, suppose you find that Miller Industries has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Miller Industries regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Miller Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miller Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Miller Industries stock over time.
   Current vs Lagged Prices   
       Timeline  

Miller Industries Lagged Returns

When evaluating Miller Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miller Industries stock have on its future price. Miller Industries autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Miller Industries autocorrelation shows the relationship between Miller Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Miller Industries.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Miller Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Miller Industries' short interest history, or implied volatility extrapolated from Miller Industries options trading.

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When determining whether Miller Industries is a strong investment it is important to analyze Miller Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Miller Industries' future performance. For an informed investment choice regarding Miller Stock, refer to the following important reports:
Check out Miller Industries Correlation, Miller Industries Volatility and Miller Industries Alpha and Beta module to complement your research on Miller Industries.
To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running Miller Industries' price analysis, check to measure Miller Industries' 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 Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.
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Miller Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Miller Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Miller Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...