Tortoise Pipeline And Fund Market Value
| TTP Fund | USD 52.11 0.76 1.48% |
| Symbol | Tortoise |
Tortoise Pipeline '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 Pipeline'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 Pipeline.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Tortoise Pipeline on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Tortoise Pipeline And or generate 0.0% return on investment in Tortoise Pipeline over 30 days. Tortoise Pipeline is related to or competes with MFS Investment, Eaton Vance, Blackrock Muniyield, DTF Tax, Blackrock Muniholdings, and MFS High. Tortoise Pipeline Energy Fund, Inc. is a closed ended equity mutual fund launched and managed by Tortoise Capital Adviso... More
Tortoise Pipeline 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 Pipeline'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 Pipeline And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6733 | |||
| Information Ratio | 0.266 | |||
| Maximum Drawdown | 5.08 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.95 |
Tortoise Pipeline Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise Pipeline's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tortoise Pipeline's standard deviation. In reality, there are many statistical measures that can use Tortoise Pipeline historical prices to predict the future Tortoise Pipeline's volatility.| Risk Adjusted Performance | 0.2928 | |||
| Jensen Alpha | 0.3168 | |||
| Total Risk Alpha | 0.2284 | |||
| Sortino Ratio | 0.3755 | |||
| Treynor Ratio | 0.986 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tortoise Pipeline'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 Pipeline And Backtested Returns
Tortoise Pipeline appears to be very steady, given 3 months investment horizon. Tortoise Pipeline And owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.38, which indicates the fund had a 0.38% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tortoise Pipeline And, which you can use to evaluate the volatility of the fund. Please review Tortoise Pipeline's Risk Adjusted Performance of 0.2928, standard deviation of 0.9503, and Downside Deviation of 0.6733 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tortoise Pipeline's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tortoise Pipeline is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Tortoise Pipeline And has very good predictability. Overlapping area represents the amount of predictability between Tortoise Pipeline time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Pipeline And price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Tortoise Pipeline price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 2.19 |
Tortoise Pipeline And lagged returns against current returns
Autocorrelation, which is Tortoise Pipeline 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 Pipeline's fund expected returns. We can calculate the autocorrelation of Tortoise Pipeline returns to help us make a trade decision. For example, suppose you find that Tortoise Pipeline 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 Pipeline 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 Pipeline fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tortoise Pipeline fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tortoise Pipeline fund over time.
Current vs Lagged Prices |
| Timeline |
Tortoise Pipeline Lagged Returns
When evaluating Tortoise Pipeline's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tortoise Pipeline fund have on its future price. Tortoise Pipeline 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 Pipeline autocorrelation shows the relationship between Tortoise Pipeline fund current value and its past values and can show if there is a momentum factor associated with investing in Tortoise Pipeline And.
Regressed Prices |
| Timeline |
Pair Trading with Tortoise Pipeline
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tortoise Pipeline position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tortoise Pipeline will appreciate offsetting losses from the drop in the long position's value.Moving together with Tortoise Fund
Moving against Tortoise Fund
| 0.91 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.84 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.82 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.76 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.66 | EHI | Western Asset Global | PairCorr |
The ability to find closely correlated positions to Tortoise Pipeline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tortoise Pipeline when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tortoise Pipeline - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tortoise Pipeline And to buy it.
The correlation of Tortoise Pipeline is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tortoise Pipeline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tortoise Pipeline And moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tortoise Pipeline can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Tortoise Fund
Tortoise Pipeline 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 Pipeline security.
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