Tortoise Power And Fund Market Value
| TPZ Fund | USD 20.54 0.36 1.72% |
| Symbol | Tortoise |
Tortoise Power '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 Power's 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 Power.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Tortoise Power on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Tortoise Power And or generate 0.0% return on investment in Tortoise Power over 720 days. Tortoise Power is related to or competes with Tortoise Energy, Tortoise Energy, Aberdeen Australia, Nuveen Multi, Urbana, Elysee Development, and Guardian Capital. Tortoise Power and Energy Infrastructure Fund, Inc More
Tortoise Power 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 Power's 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 Power And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9708 | |||
| Information Ratio | 0.113 | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.82 |
Tortoise Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tortoise Power's standard deviation. In reality, there are many statistical measures that can use Tortoise Power historical prices to predict the future Tortoise Power's volatility.| Risk Adjusted Performance | 0.19 | |||
| Jensen Alpha | 0.16 | |||
| Total Risk Alpha | 0.0778 | |||
| Sortino Ratio | 0.1127 | |||
| Treynor Ratio | 0.3973 |
Tortoise Power And Backtested Returns
Tortoise Power appears to be very steady, given 3 months investment horizon. Tortoise Power And owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the fund had a 0.26% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tortoise Power And, which you can use to evaluate the volatility of the fund. Please review Tortoise Power's Coefficient Of Variation of 406.68, semi deviation of 0.6756, and Risk Adjusted Performance of 0.19 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tortoise Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tortoise Power is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Tortoise Power And has very good predictability. Overlapping area represents the amount of predictability between Tortoise Power time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th of November 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 Power And price movement. The serial correlation of 0.81 indicates that around 81.0% of current Tortoise Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 4.63 |
Tortoise Power And lagged returns against current returns
Autocorrelation, which is Tortoise Power 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 Power's fund expected returns. We can calculate the autocorrelation of Tortoise Power returns to help us make a trade decision. For example, suppose you find that Tortoise Power has exhibited high autocorrelation historically, and you observe that the 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 Power 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 Power fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tortoise Power fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tortoise Power fund over time.
Current vs Lagged Prices |
| Timeline |
Tortoise Power Lagged Returns
When evaluating Tortoise Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tortoise Power fund have on its future price. Tortoise Power 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 Power autocorrelation shows the relationship between Tortoise Power fund current value and its past values and can show if there is a momentum factor associated with investing in Tortoise Power And.
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 Fund
Tortoise Power 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 Power security.
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