Tortoise Etf Performance
| TBLU Etf | USD 42.95 0.35 0.82% |
The entity has a beta of -0.0231, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tortoise are expected to decrease at a much lower rate. During the bear market, Tortoise is likely to outperform the market.
Risk-Adjusted Performance
49 of 100
Weak | Strong |
Excellent
Compared to the overall equity markets, risk-adjusted returns on investments in Tortoise are ranked lower than 49 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak essential indicators, Tortoise unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | 0.26 |
Tortoise |
Tortoise Relative Risk vs. Return Landscape
If you would invest 4,247 in Tortoise on January 25, 2024 and sell it today you would earn a total of 48.00 from holding Tortoise or generate 1.13% return on investment over 90 days. Tortoise is currently generating 0.2821% in daily expected returns and assumes 0.4476% risk (volatility on return distribution) over the 90 days horizon. In different words, 3% of etfs are less volatile than Tortoise, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Tortoise Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Tortoise, and traders can use it to determine the average amount a Tortoise'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 = 0.6304
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | TBLU | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.45 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.63 actual daily | 49 51% of assets perform better |
Based on monthly moving average Tortoise is performing at about 49% 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.
Tortoise Fundamentals Growth
Tortoise Etf prices reflect investors' perceptions of the future prospects and financial health of Tortoise, and Tortoise 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 Tortoise Etf performance.
| Total Asset | 15.52 M | |||
About Tortoise Performance
To evaluate Tortoise Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Tortoise 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 Tortoise Etf'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 Tortoise market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Tortoise'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.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 is not yet fully synchronised with the market data | |
| Tortoise is showing solid risk-adjusted performance over 90 days | |
| The fund created-71.0 ten year return of -71.0% | |
| Tortoise maintains 99.88% of its assets in stocks |
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.