Ecofin Sustainable And Fund Price on November 21, 2024
| TEAF Fund | USD 12.52 0.05 0.40% |
Below is the normalized historical share price chart for Ecofin Sustainable And extending back to March 27, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ecofin Sustainable stands at 12.52, as last reported on the 25th of November, with the highest price reaching 12.59 and the lowest price hitting 12.52 during the day.
If you're considering investing in Ecofin Fund, it is important to understand the factors that can impact its price. At this point, Ecofin Sustainable is very steady. Ecofin Sustainable And secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ecofin Sustainable And, which you can use to evaluate the volatility of the entity. Please confirm Ecofin Sustainable's Mean Deviation of 0.4447, coefficient of variation of 894.94, and Downside Deviation of 0.6585 to check if the risk estimate we provide is consistent with the expected return of 0.0695%.
Ecofin Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Ecofin |
Sharpe Ratio = 0.1127
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| Cash | TEAF | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.62 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Ecofin Sustainable is performing at about 8% 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 Ecofin Sustainable by adding it to a well-diversified portfolio.
Market Capitalization 132.9 M |
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Ecofin Sustainable Valuation on November 21, 2024
It is possible to determine the worth of Ecofin Sustainable on a given historical date. On November 21, 2024 Ecofin was worth 12.48 at the beginning of the trading date compared to the closed value of 12.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ecofin Sustainable fund. Still, in general, we apply an absolute valuation method to find Ecofin Sustainable's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ecofin Sustainable where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ecofin Sustainable's related companies.
| Open | High | Low | Close | Volume | |
| 12.43 | 12.51 | 12.43 | 12.44 | 19,700 | |
11/21/2024 | 12.48 | 12.50 | 12.47 | 12.48 | 33,800 |
| 12.54 | 12.55 | 12.44 | 12.47 | 42,272 |
| Backtest Ecofin Sustainable | | | Ecofin Sustainable History | | | Ecofin Sustainable Valuation | Previous | Next |
Ecofin Sustainable Trading Date Momentum on November 21, 2024
| On November 22 2024 Ecofin Sustainable And was traded for 12.47 at the closing time. The top price for the day was 12.55 and the lowest listed price was 12.44 . The trading volume for the day was 42.3 K. The trading history from November 22, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.08% . The overall trading delta against the current closing price is 0.64% . |
Ecofin Sustainable And Fundamentals Correlations and Trends
By evaluating Ecofin Sustainable's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ecofin Sustainable's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ecofin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ecofin Sustainable Fund history
Ecofin Sustainable investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ecofin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ecofin Sustainable And will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ecofin Sustainable stock prices may prove useful in developing a viable investing in Ecofin Sustainable
Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors. The fund primarily seeks to invest in stocks of companies across all market capitalizations, as well as in corporate and government issues debt securities. Its corporate debt investment include high yield securities of any maturity. The fund also invests in private equities. It employs both fundamental and quantitative analysis with a focus on such proprietary financial, risk and valuation models to create its portfolio. The fund was formerly known as Tortoise Essential Assets Income 2024 Term Fund, Inc. Tortoise Essential Assets Income Term Fund was formed in 2017 and is domiciled in the United States.
Ecofin Sustainable Fund Technical Analysis
Ecofin Sustainable technical 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.
Price Boundaries
Ecofin Sustainable Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Ecofin Sustainable And cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Ecofin Sustainable November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Ecofin Sustainable fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ecofin Sustainable shares will generate the highest return on investment. By undertsting and applying Ecofin Sustainable fund market strength indicators, traders can identify Ecofin Sustainable And entry and exit signals to maximize returns
Ecofin Sustainable Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ecofin Sustainable's price direction in advance. Along with the technical and fundamental analysis of Ecofin Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ecofin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0833 | |||
| Jensen Alpha | 0.0414 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.4059 |
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Other Information on Investing in Ecofin Fund
Ecofin Sustainable financial ratios help investors to determine whether Ecofin Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ecofin with respect to the benefits of owning Ecofin Sustainable security.
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