Tortoise North American Etf Performance
| TPYP Etf | USD 36.09 0.60 1.64% |
The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tortoise North's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tortoise North is expected to be smaller as well.
Risk-Adjusted Performance
28 of 100
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Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Tortoise North American are ranked lower than 28 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, Tortoise North reported solid returns over the last few months and may actually be approaching a breakup point. ...more
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| In Threey Sharp Ratio | 0.80 |
Tortoise |
Tortoise North Relative Risk vs. Return Landscape
If you would invest 3,063 in Tortoise North American on August 27, 2024 and sell it today you would earn a total of 606.00 from holding Tortoise North American or generate 19.78% return on investment over 90 days. Tortoise North American is currently generating 0.2856% in daily expected returns and assumes 0.7958% risk (volatility on return distribution) over the 90 days horizon. In different words, 7% of etfs are less volatile than Tortoise, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Tortoise North Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise North's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Tortoise North American, and traders can use it to determine the average amount a Tortoise North'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 = 0.3589
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Estimated Market Risk
| 0.8 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.36 actual daily | 28 72% of assets perform better |
Based on monthly moving average Tortoise North is performing at about 28% 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 North by adding it to a well-diversified portfolio.
Tortoise North Fundamentals Growth
Tortoise Etf prices reflect investors' perceptions of the future prospects and financial health of Tortoise North, and Tortoise North 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 Etf performance.
| Price To Earning | 27.73 X | |||
| Price To Book | 1.86 X | |||
| Price To Sales | 1.49 X | |||
| Total Asset | 508.44 M | |||
About Tortoise North Performance
Assessing Tortoise North's fundamental ratios provides investors with valuable insights into Tortoise North's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Tortoise North 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.
The fund will normally invest at least 80 percent of its total assets in securities that comprise the underlying index . Tortoise North is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: How To Trade - Stock Traders Daily | |
| The fund maintains 99.79% of its assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise North American. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of Tortoise North American 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 North's value that differs from its market value or its book value, called intrinsic value, which is Tortoise North'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 North's market value can be influenced by many factors that don't directly affect Tortoise North'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 North's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise North is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise North'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.