Tortoise Capital Series Etf Market Value
| TPZ Etf | USD 21.29 0.20 0.95% |
| Symbol | Tortoise |
The market value of Tortoise Capital Series 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 Capital's value that differs from its market value or its book value, called intrinsic value, which is Tortoise Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tortoise Capital's market value can be influenced by many factors that don't directly affect Tortoise Capital'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 Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Tortoise Capital '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 Capital's etf 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 Capital.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Tortoise Capital on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Tortoise Capital Series or generate 0.0% return on investment in Tortoise Capital over 360 days. Tortoise Capital is related to or competes with Ecofin Sustainable, Rivernorth Opportunistic, Tortoise Energy, John Hancock, MFS High, MFS Investment, and Blackrock Muniholdings. Tortoise Power and Energy Infrastructure Fund, Inc More
Tortoise Capital 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 Capital's etf 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 Capital Series upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0913 | |||
| Maximum Drawdown | 7.82 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.92 |
Tortoise Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tortoise Capital's standard deviation. In reality, there are many statistical measures that can use Tortoise Capital historical prices to predict the future Tortoise Capital's volatility.| Risk Adjusted Performance | 0.1304 | |||
| Jensen Alpha | 0.1496 | |||
| Total Risk Alpha | 0.081 | |||
| Sortino Ratio | 0.0771 | |||
| Treynor Ratio | 0.3326 |
Tortoise Capital Series Backtested Returns
Tortoise Capital appears to be very steady, given 3 months investment horizon. Tortoise Capital Series owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the etf had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tortoise Capital Series, which you can use to evaluate the volatility of the etf. Please review Tortoise Capital's Semi Deviation of 1.33, risk adjusted performance of 0.1304, and Coefficient Of Variation of 661.66 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 Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tortoise Capital is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Tortoise Capital Series has very good predictability. Overlapping area represents the amount of predictability between Tortoise Capital time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. 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 Capital Series price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Tortoise Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 1.99 |
Tortoise Capital Series lagged returns against current returns
Autocorrelation, which is Tortoise Capital etf'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 Capital's etf expected returns. We can calculate the autocorrelation of Tortoise Capital returns to help us make a trade decision. For example, suppose you find that Tortoise Capital has exhibited high autocorrelation historically, and you observe that the etf 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 Capital 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 Capital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tortoise Capital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tortoise Capital etf over time.
Current vs Lagged Prices |
| Timeline |
Tortoise Capital Lagged Returns
When evaluating Tortoise Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tortoise Capital etf have on its future price. Tortoise Capital 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 Capital autocorrelation shows the relationship between Tortoise Capital etf current value and its past values and can show if there is a momentum factor associated with investing in Tortoise Capital Series.
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 Etf
Tortoise Capital financial ratios help investors to determine whether Tortoise Etf 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 Capital security.