Tortoise North Price To Book vs. Price To Sales

TPYP Etf  USD 34.74  0.23  0.66%   
Considering the key profitability indicators obtained from Tortoise North's historical financial statements, Tortoise North American may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Tortoise North's ability to earn profits and add value for shareholders.
For Tortoise North profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tortoise North to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tortoise North American utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tortoise North's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tortoise North American over time as well as its relative position and ranking within its peers.
  
Check out World Market Map.
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.

Tortoise North American Price To Sales vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Tortoise North's current stock value. Our valuation model uses many indicators to compare Tortoise North value to that of its competitors to determine the firm's financial worth.
Tortoise North American is rated fifth largest ETF in price to book as compared to similar ETFs. It is rated fourth largest ETF in price to sales as compared to similar ETFs fabricating about  0.80  of Price To Sales per Price To Book. The ratio of Price To Book to Price To Sales for Tortoise North American is roughly  1.25 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Tortoise North by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Tortoise Price To Sales vs. Price To Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Tortoise North

P/B

 = 

MV Per Share

BV Per Share

 = 
1.86 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

Tortoise North

P/S

 = 

MV Per Share

Revenue Per Share

 = 
1.49 X
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

Tortoise Price To Sales Comparison

Tortoise North is rated second largest ETF in price to sales as compared to similar ETFs.

Tortoise North Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Tortoise North, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tortoise North will eventually generate negative long term returns. The profitability progress is the general direction of Tortoise North's change in net profit over the period of time. It can combine multiple indicators of Tortoise North, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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.

Tortoise Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Tortoise North. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Tortoise North position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Tortoise North's important profitability drivers and their relationship over time.

Use Tortoise North in pair-trading

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 North 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 North will appreciate offsetting losses from the drop in the long position's value.

Tortoise North Pair Trading

Tortoise North American Pair Trading Analysis

The ability to find closely correlated positions to Tortoise North 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 North 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 North - 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 North American to buy it.
The correlation of Tortoise North 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 North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tortoise North American 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 North 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Tortoise North position

In addition to having Tortoise North in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Russia On Wall Street Thematic Idea Now

Russia On Wall Street
Russia On Wall Street Theme
Cross-sector and cross-instrument bundle of publicly traded Russian entities that are expected to be listed on USA exchanges or over the counter. The Russia On Wall Street theme has 23 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Russia On Wall Street Theme or any other thematic opportunities.
View All  Next Launch
When determining whether Tortoise North American is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Tortoise Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Tortoise North American Etf. Highlighted below are key reports to facilitate an investment decision about Tortoise North American Etf:
Check out World Market Map.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
To fully project Tortoise North's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tortoise North American at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Tortoise North's income statement, its balance sheet, and the statement of cash flows.
Potential Tortoise North investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Tortoise North investors may work on each financial statement separately, they are all related. The changes in Tortoise North's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Tortoise North's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.