Tortoise Energy Independence Fund Price on May 24, 2023
XNDPX Fund | USD 38.48 0.27 0.70% |
Below is the normalized historical share price chart for Tortoise Energy Independence extending back to July 31, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Tortoise Energy stands at 38.48, as last reported on the 28th of March, with the highest price reaching 38.48 and the lowest price hitting 38.48 during the day.
If you're considering investing in Tortoise Mutual Fund, it is important to understand the factors that can impact its price. We consider Tortoise Energy very steady. Tortoise Energy Inde owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tortoise Energy Independence, which you can use to evaluate the volatility of the fund. Please validate Tortoise Energy's Coefficient Of Variation of 586.23, risk adjusted performance of 0.0987, and Semi Deviation of 0.6476 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%.
Tortoise Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Tortoise |
Sharpe Ratio = 0.1721
Best Portfolio | Best Equity | |||
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Small Returns | XNDPX | |||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
0.93 actual daily | 8 92% of assets are more volatile |
Expected Return
0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Tortoise Energy is performing at about 13% 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 Energy by adding it to a well-diversified portfolio.
Tortoise Energy Valuation on May 24, 2023
It is possible to determine the worth of Tortoise Energy on a given historical date. On May 24, 2023 Tortoise was worth 33.13 at the beginning of the trading date compared to the closed value of 33.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tortoise Energy mutual fund. Still, in general, we apply an absolute valuation method to find Tortoise Energy's 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 Tortoise Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tortoise Energy's related companies.
Open | High | Low | Close | Volume | |
33.10 | 33.10 | 33.10 | 33.10 | 1.00 | |
05/24/2023 | 33.13 | 33.13 | 33.13 | 33.13 | 1.00 |
32.51 | 32.51 | 32.51 | 32.51 | 1.00 |
Backtest Tortoise Energy | | | Tortoise Energy History | Previous | Next |
Tortoise Energy Trading Date Momentum on May 24, 2023
On May 25 2023 Tortoise Energy Independence was traded for 32.51 at the closing time. The highest daily price throughout the period was 32.51 and the lowest price was 32.51 . There was no trading activity during the period 1.0. Lack of trading volume on 05/25/2023 added to the next day price reduction. The trading price change to closing price of the next trading day was 1.87% . The trading price change to current closing price is 1.30% . |
About Tortoise Energy Mutual Fund history
Tortoise Energy 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 Energy Inde 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 Energy stock prices may prove useful in developing a viable investing in Tortoise Energy
Tortoise Energy Mutual Fund Technical Analysis
Tortoise Energy technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Tortoise Energy Period Price Range
Low | May 24, 2023 | High |
33.13 | 33.13 |
0.00 | 0.00% |
Tortoise Energy March 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Tortoise Energy mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tortoise Energy shares will generate the highest return on investment. By undertsting and applying Tortoise Energy mutual fund market strength indicators, traders can identify Tortoise Energy Independence entry and exit signals to maximize returns
Rate Of Daily Change | 1.0 | |||
Day Median Price | 33.13 | |||
Day Typical Price | 33.13 | |||
Period Momentum Indicator | 5.35 | |||
Relative Strength Index | 41.41 |
Tortoise Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tortoise Energy's price direction in advance. Along with the technical and fundamental analysis of Tortoise Mutual Fund 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 | 0.0987 | |||
Jensen Alpha | 0.1935 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | 0.0239 | |||
Treynor Ratio | (0.40) |
Cycle Indicators | ||
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Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Tortoise Energy Independence. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Tortoise Mutual Fund analysis
When running Tortoise Energy's price analysis, check to measure Tortoise Energy's 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 Tortoise Energy is operating at the current time. Most of Tortoise Energy's value examination focuses on studying past and present price action to predict the probability of Tortoise Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tortoise Energy's price. Additionally, you may evaluate how the addition of Tortoise Energy to your portfolios can decrease your overall portfolio volatility.
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