Miller Industries Stock Price on March 8, 2024
MLR Stock | USD 59.15 0.64 1.07% |
If you're considering investing in Miller Stock, it is important to understand the factors that can impact its price. As of today, the current price of Miller Industries stands at 59.15, as last reported on the 23rd of May, with the highest price reaching 59.49 and the lowest price hitting 58.27 during the day. Miller Industries appears to be very steady, given 3 months investment horizon. Miller Industries has Sharpe Ratio of 0.24, which conveys that the firm had a 0.24% return per unit of risk over the last 3 months. By analyzing Miller Industries' technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please exercise Miller Industries' Downside Deviation of 1.77, mean deviation of 1.38, and Risk Adjusted Performance of 0.1444 to check out if our risk estimates are consistent with your expectations.
Miller Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Miller |
Sharpe Ratio = 0.2385
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Estimated Market Risk
2.12 actual daily | 18 82% of assets are more volatile |
Expected Return
0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Miller Industries is performing at about 18% 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 Miller Industries by adding it to a well-diversified portfolio.
Miller Industries Valuation on March 8, 2024
It is possible to determine the worth of Miller Industries on a given historical date. On March 8, 2024 Miller was worth 49.98 at the beginning of the trading date compared to the closed value of 47.99. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Miller Industries stock. Still, in general, we apply an absolute valuation method to find Miller Industries' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Miller Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Miller Industries' related companies.
Open | High | Low | Close | Volume | |
50.45 | 51.37 | 48.43 | 49.75 | 185,811 | |
03/08/2024 | 49.98 | 50.19 | 47.99 | 47.99 | 91,998 |
48.40 | 48.68 | 47.58 | 47.58 | 42,343 |
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Miller Industries Trading Date Momentum on March 8, 2024
On March 11 2024 Miller Industries was traded for 47.58 at the closing time. Highest Miller Industries's price during the trading hours was 48.68 and the lowest price during the day was 47.58 . The net volume was 42.3 K. The overall trading history on the 11th of March 2024 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.85% . The trading delta at closing time to current price is 1.29% . |
Miller Industries Fundamentals Correlations and Trends
By evaluating Miller Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Miller Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Miller financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Miller Industries Stock history
Miller Industries investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Miller is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Miller Industries will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Miller Industries stock prices may prove useful in developing a viable investing in Miller Industries
Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. The company was incorporated in 1990 and is based in Ooltewah, Tennessee. Miller Industries operates under Auto Parts classification in the United States and is traded on New York Stock Exchange. It employs 1421 people.
Miller Industries Stock Technical Analysis
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.
Price Boundaries
Miller Industries Period Price Range
Low | March 8, 2024
| High |
49.98 | 47.99 |
Miller Industries May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Miller Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Miller Industries shares will generate the highest return on investment. By undertsting and applying Miller Industries stock market strength indicators, traders can identify Miller Industries entry and exit signals to maximize returns
Accumulation Distribution | 4032.59 | |||
Daily Balance Of Power | (0.90) | |||
Rate Of Daily Change | 0.96 | |||
Day Median Price | 49.09 | |||
Day Typical Price | 48.72 | |||
Price Action Indicator | (2.09) | |||
Period Momentum Indicator | 11.16 | |||
Relative Strength Index | 69.82 |
Miller Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Miller Industries' price direction in advance. Along with the technical and fundamental analysis of Miller Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Miller to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.1444 | |||
Jensen Alpha | 0.4051 | |||
Total Risk Alpha | 0.2452 | |||
Sortino Ratio | 0.242 | |||
Treynor Ratio | 0.3694 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Miller Stock analysis
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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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.
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.