Tortoise Etf Price on December 28, 2018
| TBLU Etf | USD 42.95 0.35 0.82% |
If you're considering investing in Tortoise Etf, it is important to understand the factors that can impact its price. As of today, the current price of Tortoise stands at 42.95, as last reported on the 19th of April, with the highest price reaching 43.01 and the lowest price hitting 42.60 during the day. We consider Tortoise very steady. Tortoise owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0395, which indicates the etf had a 0.0395% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tortoise, which you can use to evaluate the volatility of the etf. Please validate Tortoise's Risk Adjusted Performance of 0.1576, semi deviation of 0.4673, and Coefficient Of Variation of 401.59 to confirm if the risk estimate we provide is consistent with the expected return of 0.0289%.
Tortoise Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Tortoise |
Sharpe Ratio = 0.0395
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Estimated Market Risk
| 0.73 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Tortoise is performing at about 3% 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 Tortoise by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Tortoise Etf history
Tortoise 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 Tortoise is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tortoise 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 Tortoise stock prices may prove useful in developing a viable investing in Tortoise
The investment seeks investment results that correspond generally to the price and distribution rate performance of the Tortoise Global Water ESG Net Total Return IndexSM. Tortoise Global is traded on BTS Exchange in the United States.
Tortoise Etf Technical Analysis
Tortoise technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
Tortoise Period Price Range
Tortoise April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Tortoise etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tortoise shares will generate the highest return on investment. By undertsting and applying Tortoise etf market strength indicators, traders can identify Tortoise entry and exit signals to maximize returns
Tortoise Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tortoise's price direction in advance. Along with the technical and fundamental analysis of Tortoise Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tortoise 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 | 0.1576 | |||
| Jensen Alpha | 0.2137 | |||
| Total Risk Alpha | 0.1425 | |||
| Sortino Ratio | 0.2391 | |||
| Treynor Ratio | 0.6139 |
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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of Tortoise is measured differently than its book value, which is the value of Tortoise that is recorded on the company's balance sheet. Investors also form their own opinion of Tortoise's value that differs from its market value or its book value, called intrinsic value, which is Tortoise's 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 Tortoise's market value can be influenced by many factors that don't directly affect Tortoise's 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 Tortoise's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise'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.