Tortoise Competitors
| TYG Stock | USD 45.59 1.25 2.82% |
Tortoise Energy vs General American Correlation
Very weak diversification
The correlation between Tortoise Energy Infrastructure and GAM is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tortoise Energy Infrastructure and GAM in the same portfolio, assuming nothing else is changed.
Moving against Tortoise Stock
| 0.57 | NMFC | New Mountain Finance | PairCorr |
| 0.42 | BCSF | Bain Capital Specialty | PairCorr |
| 0.34 | MFIC | MidCap Financial Inv | PairCorr |
| 0.31 | AVR | Avaron Mining Corp | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Tortoise Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Tortoise Energy and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Tortoise and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Tortoise Energy Infr does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Tortoise Stock performing well and Tortoise Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tortoise Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FDUS | 0.84 | (0.14) | 0.00 | (0.16) | 0.00 | 1.94 | 5.39 | |||
| SLRC | 0.84 | 0.00 | (0.06) | 0.09 | 1.01 | 1.88 | 4.25 | |||
| NCDL | 1.08 | (0.06) | (0.07) | 0.00 | 1.25 | 2.68 | 6.20 | |||
| ECC | 1.47 | (0.27) | 0.00 | (0.27) | 0.00 | 2.38 | 11.74 | |||
| VINP | 1.12 | 0.08 | 0.01 | 0.39 | 1.29 | 2.68 | 5.93 | |||
| MSIF | 1.48 | 0.09 | 0.01 | 0.89 | 1.61 | 2.91 | 11.54 | |||
| PFLT | 0.80 | 0.04 | 0.00 | 0.15 | 0.84 | 1.95 | 4.47 | |||
| EFSC | 1.15 | 0.11 | 0.08 | 0.22 | 1.03 | 2.79 | 9.13 | |||
| NXP | 0.29 | (0.01) | (0.21) | (0.03) | 0.37 | 0.57 | 2.59 | |||
| GAM | 0.47 | 0.07 | 0.05 | 0.21 | 0.32 | 1.24 | 2.57 |
Cross Equities Net Income Analysis
Compare Tortoise Energy Infr and related stocks such as Fidus Investment Corp, SLR Investment Corp, and Nuveen Churchill Direct Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FDUS | (1.6 M) | 15.4 M | 19.4 M | 27.2 M | 19.5 M | 26 M | 41.6 M | 44 M | 49.5 M | 48.5 M | 31.2 M | 116.1 M | 35.8 M | 77.1 M | 78.3 M | 90 M | 94.5 M |
| SLRC | (405.8 M) | 61.3 M | 115.8 M | 75.3 M | 48.5 M | 14.1 M | 106.8 M | 70.4 M | 66.9 M | 56 M | 15.5 M | 59.6 M | 18.3 M | 76.4 M | 95.8 M | 110.1 M | 115.6 M |
| NCDL | 1.4 M | 1.4 M | 1.4 M | 1.4 M | 1.4 M | 1.4 M | 1.4 M | 1.4 M | 1.4 M | 7.3 M | 2.1 M | 27.3 M | 17.3 M | 75.9 M | 116.3 M | 133.8 M | 140.5 M |
| ECC | 8.3 M | 8.3 M | 8.3 M | 8.3 M | 8.3 M | (41 M) | 91 M | 31.1 M | (54.8 M) | (8.7 M) | 60.9 M | 131.9 M | (101.8 M) | 118.8 M | 80.3 M | 92.4 M | 97 M |
| VINP | 56.6 M | 56.6 M | 56.6 M | 56.6 M | 56.6 M | 56.6 M | 56.6 M | 56.6 M | 56.6 M | 151.4 M | 170.2 M | 208.6 M | 219.4 M | 220.6 M | 118.2 M | 135.9 M | 179.9 M |
| MSIF | (7 M) | (7 M) | (7 M) | (7 M) | (7 M) | (7 M) | 66.6 M | 52.6 M | 40.3 M | 39.6 M | (9.8 M) | 73.6 M | 45.6 M | 66.2 M | 56.6 M | 65 M | 46.7 M |
| PFLT | 12 M | 12 M | 12 M | 20.5 M | 12.5 M | 33.5 M | 36.3 M | 33.5 M | (11.1 M) | 18.4 M | 56.5 M | 3.5 M | 39.3 M | 91.8 M | 66.4 M | 76.3 M | 80.1 M |
| EFSC | 1.7 M | 25.4 M | 28.3 M | 33.1 M | 27.2 M | 38.5 M | 48.8 M | 48.2 M | 89.2 M | 92.7 M | 74.4 M | 133.1 M | 203 M | 194.1 M | 185.3 M | 201.4 M | 211.4 M |
| NXP | 12.8 M | 19.4 M | 19.4 M | 545.6 K | 22.3 M | 14.3 M | 1.4 M | 11.2 M | 15.4 M | 13.4 M | 18.5 M | (44.1 M) | (299.2 K) | 31.4 M | 9.5 M | 8.6 M | 6.4 M |
| GAM | 147.4 M | 140.4 M | 140.4 M | 306.7 M | 72.5 M | (28.4 M) | 84.4 M | 170.7 M | (71.7 M) | 296.9 M | 77 M | 293.6 M | (177.3 M) | 273.4 M | 245.5 M | 282.3 M | 296.4 M |
Tortoise Energy Infr and related stocks such as Fidus Investment Corp, SLR Investment Corp, and Nuveen Churchill Direct Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Tortoise Energy Infr financial statement analysis. It represents the amount of money remaining after all of Tortoise Energy Infrastructure operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Tortoise Energy Competitive Analysis
The better you understand Tortoise Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Tortoise Energy's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Tortoise Energy's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Tortoise Energy Competition Performance Charts
Five steps to successful analysis of Tortoise Energy Competition
Tortoise Energy's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Tortoise Energy Infr in relation to its competition. Tortoise Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Tortoise Energy in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Tortoise Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Tortoise Energy Infr, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Tortoise Energy Correlation with its peers. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Can Asset Management & Custody Banks industry sustain growth momentum? Does Tortoise have expansion opportunities? 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. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Tortoise Energy demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth 3.058 | Dividend Share 3.75 | Earnings Share 8.07 | Revenue Per Share | Quarterly Revenue Growth 0.693 |
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. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. 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. Meanwhile, Tortoise Energy's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.