Tortoise Energy Infrastructure Stock Technical Analysis
TYG Stock | USD 31.92 0.03 0.09% |
As of the 25th of April, Tortoise Energy has the Semi Deviation of 0.519, risk adjusted performance of 0.157, and Coefficient Of Variation of 405.74. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tortoise Energy Infr, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Tortoise Energy Infrastructure, which can be compared to its competition. Please validate Tortoise Energy Infr information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Tortoise Energy is priced more or less accurately, providing market reflects its prevalent price of 31.92 per share. Given that Tortoise Energy Infr has jensen alpha of 0.1367, we advise you to double-check Tortoise Energy Infrastructure's current market performance to make sure the company can sustain itself at a future point.
Tortoise Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tortoise, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TortoiseTortoise |
Tortoise Energy Analyst Consensus
Target Price | Advice | # of Analysts | |
34.0 | Strong Sell | 0 | Odds |
Most Tortoise analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Tortoise stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Tortoise Energy Infr, talking to its executives and customers, or listening to Tortoise conference calls.
Tortoise Analyst Advice DetailsTortoise Energy 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.
Tortoise Energy Infr Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Tortoise Energy Infr volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tortoise Energy Infr Trend Analysis
Use this graph to draw trend lines for Tortoise Energy Infrastructure. You can use it to identify possible trend reversals for Tortoise Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Tortoise Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tortoise Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tortoise Energy Infrastructure applied against its price change over selected period. The best fit line has a slop of 0.06 , which may imply that Tortoise Energy Infrastructure will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 137.8, which is the sum of squared deviations for the predicted Tortoise Energy price change compared to its average price change.About Tortoise Energy Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Tortoise Energy Infrastructure on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Tortoise Energy Infrastructure based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tortoise Energy Infr price pattern first instead of the macroeconomic environment surrounding Tortoise Energy Infr. By analyzing Tortoise Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Tortoise Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Tortoise Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
2020 | 2021 | 2024 (projected) | PTB Ratio | 0.78 | 0.89 | 0.87 | Dividend Yield | 0.0539 | 0.0841 | 0.0992 |
Tortoise Energy April 25, 2024 Technical Indicators
Most technical analysis of Tortoise help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Tortoise from various momentum indicators to cycle indicators. When you analyze Tortoise charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.157 | |||
Market Risk Adjusted Performance | 0.235 | |||
Mean Deviation | 0.724 | |||
Semi Deviation | 0.519 | |||
Downside Deviation | 0.8443 | |||
Coefficient Of Variation | 405.74 | |||
Standard Deviation | 0.9337 | |||
Variance | 0.8719 | |||
Information Ratio | 0.1444 | |||
Jensen Alpha | 0.1367 | |||
Total Risk Alpha | 0.0924 | |||
Sortino Ratio | 0.1597 | |||
Treynor Ratio | 0.225 | |||
Maximum Drawdown | 3.92 | |||
Value At Risk | (1.15) | |||
Potential Upside | 1.95 | |||
Downside Variance | 0.7129 | |||
Semi Variance | 0.2694 | |||
Expected Short fall | (0.82) | |||
Skewness | 0.2419 | |||
Kurtosis | 0.0424 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise Energy Infrastructure. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Tortoise Stock 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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Is Tortoise Energy's 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 Tortoise Energy. If investors know Tortoise 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 Tortoise Energy 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 1.097 | Dividend Share 2.84 | Earnings Share (1.22) | Revenue Per Share 1.464 | Quarterly Revenue Growth 0.213 |
The market value of Tortoise Energy Infr 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 Energy's value that differs from its market value or its book value, called intrinsic value, which is Tortoise Energy'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 Energy's market value can be influenced by many factors that don't directly affect Tortoise Energy'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 Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise Energy'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.