Tortoise North Financial Statements From 2010 to 2024
| TPYP Etf | USD 36.82 0.52 1.43% |
Check Tortoise North financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tortoise North'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 North Valuation or Volatility modules.
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Tortoise North American ETF Price To Earning Analysis
Tortoise North's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Tortoise North Price To Earning | 27.73 X |
Most of Tortoise North's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tortoise North American is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, Tortoise North American has a Price To Earning of 27.73 times. This is much higher than that of the Tortoise Capital Advisors, LLC family and significantly higher than that of the Energy Limited Partnership category. The price to earning for all United States etfs is notably lower than that of the firm.
Tortoise North American Fundamental Drivers Relationships
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. You can analyze the relationship between different fundamental ratios across Tortoise North competition to find correlations between indicators driving Tortoise North's intrinsic value. More Info.Tortoise North American is presently regarded as number one ETF in price to earning as compared to similar ETFs. It is rated fifth largest ETF in price to book as compared to similar ETFs fabricating about 0.07 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Tortoise North American is roughly 14.91 . 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.About Tortoise North Financial Statements
Tortoise North shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Tortoise North investors may analyze each financial statement separately, they are all interrelated. The changes in Tortoise North's assets and liabilities, for example, are also reflected in the revenues and expenses on on Tortoise North's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
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.
Pair Trading with Tortoise North
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.Moving together with Tortoise Etf
Moving against Tortoise Etf
| 0.78 | TLT | iShares 20 Year Aggressive Push | PairCorr |
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.Check out the analysis of Tortoise North Correlation against competitors. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.