Tortoise Energy Independence Fund Buy Hold or Sell Recommendation
| NDP Fund | USD 43.50 0.60 1.36% |
Considering the 90-day investment horizon and your slightly conservative level of risk, our recommendation regarding Tortoise Energy Independence is 'Strong Buy'. A buy or sell recommendation provided by Macroaxis is an automated analysis based on historical performance and your stated risk tolerance. It serves as guidance on whether to purchase or sell Tortoise Energy Independence within the specified time frame.
Check out Tortoise Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Tortoise and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Tortoise Energy Independence. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Tortoise |
Execute Tortoise Energy Buy or Sell Advice
The Tortoise recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Tortoise Energy Independence. Macroaxis does not own or have any residual interests in Tortoise Energy Independence or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Tortoise Energy's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details |
Tortoise Energy Trading Alerts and Improvement Suggestions
| Latest headline from news.google.com: Alberta fires AIMCo board and CEO, NDP responds - Lethbridge News Now |
Tortoise Energy Returns Distribution Density
The distribution of Tortoise Energy's historical returns is an attempt to chart the uncertainty of Tortoise Energy's future price movements. The chart of the probability distribution of Tortoise Energy daily returns describes the distribution of returns around its average expected value. We use Tortoise Energy Independence price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Tortoise Energy returns is essential to provide solid investment advice for Tortoise Energy.
| Mean Return | 0.26 | Value At Risk | -1.81 | Potential Upside | 2.15 | Standard Deviation | 1.22 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Tortoise Energy historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Tortoise Energy Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Tortoise Energy or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Tortoise Energy's price will be affected by overall fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Tortoise fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | 0.61 | |
σ | Overall volatility | 1.23 | |
Ir | Information ratio | 0.10 |
Tortoise Energy Volatility Alert
Tortoise Energy Independence has relatively low volatility with skewness of 0.4 and kurtosis of 2.14. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Tortoise Energy's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Tortoise Energy's fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Tortoise Energy Fundamentals Vs Peers
Comparing Tortoise Energy's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Tortoise Energy's direct or indirect competition across all of the common fundamentals between Tortoise Energy and the related equities. This way, we can detect undervalued stocks with similar characteristics as Tortoise Energy or determine the funds which would be an excellent addition to an existing portfolio. Peer analysis of Tortoise Energy's fundamental indicators could also be used in its relative valuation, which is a method of valuing Tortoise Energy by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Tortoise Energy to competition |
| Fundamentals | Tortoise Energy | Peer Average |
| Price To Earning | 2.04 X | 6.53 X |
| Beta | 2.27 | |
| Annual Yield | 0.14 % | 0.29 % |
| Year To Date Return | 36.02 % | 0.39 % |
| One Year Return | 35.17 % | 4.15 % |
| Three Year Return | 27.87 % | 3.60 % |
| Five Year Return | 11.30 % | 3.24 % |
| Last Dividend Paid | 2.24 | 0.65 |
Tortoise Energy Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Tortoise . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 357.84 | |||
| Daily Balance Of Power | (0.54) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 43.95 | |||
| Day Typical Price | 43.8 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | (0.75) | |||
| Period Momentum Indicator | (0.60) |
About Tortoise Energy Buy or Sell Advice
When is the right time to buy or sell Tortoise Energy Independence? Buying financial instruments such as Tortoise Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Tortoise Energy 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?
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High Yield ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The High Yield ETFs theme has 105 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 High Yield ETFs Theme or any other thematic opportunities.
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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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