Tortoise Mutual Fund Manager Performance Evaluation

Mutual Funds . USA . 
Fund . Tortoise Energy Independence
XNDPX Fund  USD 31.08  0.39  1.24%   
The entity has a beta of -0.4541, which indicates possible diversification benefits within a given portfolio. 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-six different technical indicators, which can help you to evaluate its performance.
  

Tortoise Performance

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Over the last 90 days Tortoise Energy Independence has generated negative risk-adjusted returns adding no value to fund investors. In spite of uncertain performance in the last few months, the Fund's basic indicators remain fairly strong which may send shares a bit higher in April 2023. The current disturbance may also be a sign of long term up-swing for the fund investors.
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Tortoise Energy Relative Risk vs. Return Landscape

If you would invest  3,587  in Tortoise Energy Independence on December 24, 2022 and sell it today you would lose (479.00)  from holding Tortoise Energy Independence or give up 13.35% of portfolio value over 90 days. Tortoise Energy Independence is currently producing negative expected returns and takes up 1.9436% volatility of returns over 90 trading days. Put another way, 16% of traded mutual funds are less volatile than Tortoise, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Tortoise Energy is expected to under-perform the market. In addition to that, the company is 2.03 times more volatile than its market benchmark. It trades about -0.11 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.05 per unit of volatility.

Tortoise Energy Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise Energy's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Tortoise Energy Independence, and traders can use it to determine the average amount a Tortoise Energy'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 = -0.1131

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Estimated Market Risk

 1.94
  actual daily
 16 
84% of assets are more volatile
1616

Expected Return

 -0.22
  actual daily
 0 
Most of other assets have higher returns
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Risk-Adjusted Return

 -0.11
  actual daily
 0 
Most of other assets perform better
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Based on monthly moving average Tortoise Energy is performing at about 0% 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 Fundamentals Growth

Tortoise Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Tortoise Energy, and Tortoise Energy 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 Mutual Fund performance.

About Tortoise Energy Performance

To evaluate Tortoise Energy Inde Mutual Fund 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 Energy 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 Mutual Fund'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 Energy Inde 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
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