Tortoise Mutual Fund Quote

Mutual Funds . USA . 
Fund . Tortoise Energy Independence
XNDPX Fund  USD 31.08  0.39  1.24%   

Market Performance

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Tortoise Energy is trading at 31.08 as of the 26th of March 2023; that is -1.24 percent decrease since the beginning of the trading day. The fund's open price was 31.47. Tortoise Energy has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Tortoise Energy Independence are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of September 2022 and ending today, the 26th of March 2023. Click here to learn more.

Tortoise Energy Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Tortoise Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tortoise Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO, DirectorTerry Matlack
Thematic IdeaEnergy (view all)
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Fama & French Classification
Energy
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Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Tortoise Energy's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldUndervalued
Tortoise Energy Independence [XNDPX] is traded in USA and was established 26th of March 2023. The fund is listed under null category and is part of null family. The entity is thematically classified as Energy.
Check Tortoise Energy Probability Of Bankruptcy

Tortoise Energy Target Price Odds Analysis

Based on a normal probability distribution, the odds of Tortoise Energy jumping above the current price in 90 days from now is about 99.0%. The Tortoise Energy Independence probability density function shows the probability of Tortoise Energy mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.2309. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Tortoise Energy will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Tortoise Energy Inde is significantly underperforming NYSE Composite.
  Odds Below 31.08HorizonTargetOdds Above 31.08
1.45%90 days
 31.08 
98.53%
Based on a normal probability distribution, the odds of Tortoise Energy to move above the current price in 90 days from now is about 99.0 (This Tortoise Energy Independence probability density function shows the probability of Tortoise Mutual Fund to fall within a particular range of prices over 90 days) .

Tortoise Energy Inde Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Tortoise Energy market risk premium is the additional return an investor will receive from holding Tortoise Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Tortoise Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Tortoise Energy's alpha and beta are two of the key measurements used to evaluate Tortoise Energy's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation1.42
Standard Deviation1.97
Variance3.87
Risk Adjusted Performance(0.06)

Tortoise Energy Inde Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Tortoise Energy Tangent Of Price Series is a trigonometric price transformation method
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Tortoise Energy Against Markets

Picking the right benchmark for Tortoise Energy mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Tortoise Energy mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Tortoise Energy is critical whether you are bullish or bearish towards Tortoise Energy Independence at a given time.
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