Tortoise Energy Independence Fund Manager Performance Evaluation
| NDP Fund | USD 43.60 0.55 1.25% |
The entity has a beta of 0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tortoise Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tortoise Energy is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Tortoise Energy Independence are ranked lower than 16 (%) of all funds and portfolios of funds over the last 90 days. Even with relatively fragile fundamental indicators, Tortoise Energy reported solid returns over the last few months and may actually be approaching a breakup point.
...more1 | Canada is ending Jewish National Funds charitable status - The Real News Network | 09/06/2024 |
2 | Taxes will not be increased to fund NDP 2025-2029 Prof. Prasad - Fijivillage | 09/26/2024 |
3 | RCMP says there are ongoing investigations into green slush fund as House has ground to a halt - National Post | 10/04/2024 |
4 | Alberta fires AIMCo board and CEO, NDP responds - Lethbridge News Now | 11/07/2024 |
| Expense Ratio | 1.4900 |
Tortoise |
Tortoise Energy Relative Risk vs. Return Landscape
If you would invest 3,726 in Tortoise Energy Independence on August 28, 2024 and sell it today you would earn a total of 634.00 from holding Tortoise Energy Independence or generate 17.02% return on investment over 90 days. Tortoise Energy Independence is generating 0.2533% of daily returns assuming volatility of 1.2339% on return distribution over 90 days investment horizon. In other words, 10% of funds are less volatile than Tortoise, and above 95% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Tortoise Energy Current Valuation
Undervalued
Today
Please note that Tortoise Energy's price fluctuation is very steady at this time. At this time, the fund appears to be undervalued. Tortoise Energy Inde has a current Real Value of $46.89 per share. The regular price of the fund is $43.6. We determine the value of Tortoise Energy Inde from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend buying undervalued funds and selling overvalued funds since, at some point, fund prices and their ongoing real values will draw towards each other.
Tortoise Energy's intrinsic value may or may not be the same as its current market price of 43.60, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 43.6 | Real 46.89 | Hype 43.87 |
The intrinsic value of Tortoise Energy's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Tortoise Energy's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Tortoise Energy Independence helps investors to forecast how Tortoise fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Tortoise Energy more accurately as focusing exclusively on Tortoise Energy's fundamentals will not take into account other important factors: 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 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 = 0.2053
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NDP | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Tortoise Energy is performing at about 16% 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 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 Fund performance.
| Shares Outstanding | 1.85 M | ||||
| Price To Earning | 2.04 X | ||||
| Earnings Per Share | 17.20 X | ||||
About Tortoise Energy Performance
Assessing Tortoise Energy's fundamental ratios provides investors with valuable insights into Tortoise Energy's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Tortoise Energy is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Tortoise Energy Independence Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise Energy Independence Fund, Inc. was formed on July 26, 2005 2012 is domiciled in the United States.Things to note about Tortoise Energy Inde performance evaluation
Checking the ongoing alerts about Tortoise Energy for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Tortoise Energy Inde help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Latest headline from news.google.com: Alberta fires AIMCo board and CEO, NDP responds - Lethbridge News Now |
- Analyzing Tortoise Energy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Tortoise Energy's stock is overvalued or undervalued compared to its peers.
- Examining Tortoise Energy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Tortoise Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Tortoise Energy's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Tortoise Energy's fund. These opinions can provide insight into Tortoise Energy's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Tortoise Fund
Tortoise Energy financial ratios help investors to determine whether Tortoise 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 Tortoise with respect to the benefits of owning Tortoise Energy security.
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