Tortoise Energy Total Revenue from 2010 to 2024
| NDP Fund | USD 43.50 0.60 1.36% |
Check Tortoise Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tortoise Energy's main balance sheet or income statement drivers, such as , as well as many indicators such as . Tortoise financial statements analysis is a perfect complement when working with Tortoise Energy Valuation or Volatility modules.
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About Tortoise Energy Financial Statements
Tortoise Energy shareholders use historical fundamental indicators, such as Total Revenue, to determine how well the company is positioned to perform in the future. Although Tortoise Energy investors may analyze each financial statement separately, they are all interrelated. The changes in Tortoise Energy's assets and liabilities, for example, are also reflected in the revenues and expenses on on Tortoise Energy's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Tortoise Energy Independence Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise Energy Independence Fund, Inc. was formed on July 26, 2005 2012 is domiciled in the United States.
Pair Trading with Tortoise Energy
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 Energy 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 Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Tortoise Fund
The ability to find closely correlated positions to Tortoise Energy 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 Energy 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 Energy - 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 Energy Independence to buy it.
The correlation of Tortoise Energy 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 Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tortoise Energy Inde 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 Energy 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 Energy 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 Energy security.
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