Tortoise Mutual Fund Market Value

Mutual Funds . USA . 
Fund . Tortoise Energy Independence
XNDPX Fund  USD 31.53  0.41  1.28%   
Tortoise Energy's market value is the price at which a share of Tortoise Energy stock trades on a public exchange. It measures the collective expectations of Tortoise Energy Independence investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Tortoise Energy Independence and determine expected loss or profit from investing in Tortoise Energy over a given investment horizon. Check out Tortoise Energy Correlation, Tortoise Energy Volatility and Tortoise Energy Alpha and Beta module to complement your research on Tortoise Energy.
Symbol

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.

Tortoise Energy 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tortoise Energy's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tortoise Energy.
0.00
05/03/2023
No Change 0.00  0.0 
In 30 days
06/02/2023
0.00
If you would invest  0.00  in Tortoise Energy on May 3, 2023 and sell it all today you would earn a total of 0.00 from holding Tortoise Energy Independence or generate 0.0% return on investment in Tortoise Energy over 30 days. Tortoise Energy is related to or competes with VANGUARD TOTAL, VANGUARD TOTAL, VANGUARD 500, VANGUARD TOTAL, VANGUARD TOTAL, VANGUARD TOTAL, and VANGUARD TOTAL. More

Tortoise Energy Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tortoise Energy's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tortoise Energy Independence upside and downside potential and time the market with a certain degree of confidence.
Information Ratio(0.043496)
Maximum Drawdown9.04
Value At Risk(2.60)
Potential Upside2.54

Tortoise Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tortoise Energy's standard deviation. In reality, there are many statistical measures that can use Tortoise Energy historical prices to predict the future Tortoise Energy's volatility.
Risk Adjusted Performance(0.05)
Jensen Alpha(0.14)
Total Risk Alpha(0.033379)
Treynor Ratio0.4354
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Tortoise Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Tortoise Energy in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
29.7431.5333.32
Details
Intrinsic
Valuation
LowRealHigh
27.5229.3134.68
Details
Naive
Forecast
LowNextHigh
29.1130.9032.69
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
31.3232.8334.35
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tortoise Energy. Your research has to be compared to or analyzed against Tortoise Energy's peers to derive any actionable benefits. When done correctly, Tortoise Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tortoise Energy Inde.

Tortoise Energy Inde Backtested Returns

Tortoise Energy Inde owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0885, which indicates the fund had -0.0885% of return per unit of risk over the last 3 months. Our standpoint towards measuring the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Tortoise Energy Independence exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please validate Tortoise Energy risk adjusted performance of (0.05), and Coefficient Of Variation of (1,573) to confirm the risk estimate we provide.
The entity has a beta of -0.2813, which indicates not very significant fluctuations relative to the market. Let's try to break down what Tortoise's beta means in this case. As returns on the market increase, returns on owning Tortoise Energy are expected to decrease at a much lower rate. During the bear market, Tortoise Energy is likely to outperform the market. Even though it is essential to pay attention to Tortoise Energy Inde current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Tortoise Energy Independence exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.11  

Insignificant reverse predictability

Tortoise Energy Independence has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tortoise Energy time series from 3rd of May 2023 to 18th of May 2023 and 18th of May 2023 to 2nd of June 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tortoise Energy Inde price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Tortoise Energy price fluctuation can be explain by its past prices.
Correlation Coefficient-0.11
Spearman Rank Test-0.39
Residual Average0.0
Price Variance0.49

Tortoise Energy Inde lagged returns against current returns

Autocorrelation, which is Tortoise Energy mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tortoise Energy's mutual fund expected returns. We can calculate the autocorrelation of Tortoise Energy returns to help us make a trade decision. For example, suppose you find that Tortoise Energy mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Tortoise Energy regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tortoise Energy mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tortoise Energy mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tortoise Energy mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Tortoise Energy Lagged Returns

When evaluating Tortoise Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tortoise Energy mutual fund have on its future price. Tortoise Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tortoise Energy autocorrelation shows the relationship between Tortoise Energy mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tortoise Energy Independence.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Tortoise Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Tortoise Energy's short interest history, or implied volatility extrapolated from Tortoise Energy options trading.

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Check out Tortoise Energy Correlation, Tortoise Energy Volatility and Tortoise Energy Alpha and Beta module to complement your research on Tortoise Energy. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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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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.
Overlap Analysis
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Forecast Models
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Price Shifting
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Volatility Indicators
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Value Movement
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A focus of Tortoise Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tortoise Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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