Tortoise Mlp Pipeline Fund Market Value
| TORCX Fund | USD 19.76 0.27 1.39% |
| Symbol | Tortoise |
Tortoise Mlp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tortoise Mlp's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tortoise Mlp.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Tortoise Mlp on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Tortoise Mlp Pipeline or generate 0.0% return on investment in Tortoise Mlp over 90 days. Tortoise Mlp is related to or competes with Franklin Mutual, Fidelity Zero, Baron Opportunity, Goldman Sachs, Mfs Intrinsic, Touchstone Sands, and Plumb Balanced. The fund normally invests at least 80 percent of its net assets plus the amount of any borrowings for investment purpose... More
Tortoise Mlp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tortoise Mlp's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tortoise Mlp Pipeline upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7566 | |||
| Information Ratio | 0.1796 | |||
| Maximum Drawdown | 4.72 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.43 |
Tortoise Mlp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise Mlp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tortoise Mlp's standard deviation. In reality, there are many statistical measures that can use Tortoise Mlp historical prices to predict the future Tortoise Mlp's volatility.| Risk Adjusted Performance | 0.2573 | |||
| Jensen Alpha | 0.2323 | |||
| Total Risk Alpha | 0.1388 | |||
| Sortino Ratio | 0.2105 | |||
| Treynor Ratio | 0.6706 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tortoise Mlp'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 Mlp Pipeline Backtested Returns
Tortoise Mlp appears to be very steady, given 3 months investment horizon. Tortoise Mlp Pipeline owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.32, which indicates the fund had a 0.32% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tortoise Mlp Pipeline, which you can use to evaluate the volatility of the fund. Please review Tortoise Mlp's Risk Adjusted Performance of 0.2573, coefficient of variation of 298.72, and Semi Deviation of 0.3833 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tortoise Mlp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tortoise Mlp is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Tortoise Mlp Pipeline has very good predictability. Overlapping area represents the amount of predictability between Tortoise Mlp time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tortoise Mlp Pipeline price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Tortoise Mlp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Tortoise Mlp Pipeline lagged returns against current returns
Autocorrelation, which is Tortoise Mlp mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tortoise Mlp's mutual fund expected returns. We can calculate the autocorrelation of Tortoise Mlp returns to help us make a trade decision. For example, suppose you find that Tortoise Mlp has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tortoise Mlp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tortoise Mlp mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tortoise Mlp mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tortoise Mlp mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tortoise Mlp Lagged Returns
When evaluating Tortoise Mlp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tortoise Mlp mutual fund have on its future price. Tortoise Mlp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tortoise Mlp autocorrelation shows the relationship between Tortoise Mlp mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tortoise Mlp Pipeline.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Tortoise Mutual Fund
Tortoise Mlp financial ratios help investors to determine whether Tortoise Mutual 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 Mlp security.
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