Tortoise Energy Independence Fund Price on January 24, 2024
| NDP Fund | USD 41.55 0.39 0.93% |
Below is the normalized historical share price chart for Tortoise Energy Independence extending back to July 27, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Tortoise Energy stands at 41.55, as last reported on the 11th of December 2024, with the highest price reaching 42.04 and the lowest price hitting 41.53 during the day.
If you're considering investing in Tortoise Fund, it is important to understand the factors that can impact its price. Tortoise Energy appears to be very steady, given 3 months investment horizon. Tortoise Energy Inde owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tortoise Energy Independence, which you can use to evaluate the volatility of the fund. Please review Tortoise Energy's Semi Deviation of 1.03, coefficient of variation of 578.59, and Risk Adjusted Performance of 0.1291 to confirm if our risk estimates are consistent with your expectations.
Tortoise Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Tortoise |
Sharpe Ratio = 0.201
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Estimated Market Risk
| 1.26 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Tortoise Energy is performing at about 15% 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 Energy by adding it to a well-diversified portfolio.
Market Capitalization 17 M |
Tortoise Energy Valuation on January 24, 2024
It is possible to determine the worth of Tortoise Energy on a given historical date. On January 24, 2024 Tortoise was worth 26.26 at the beginning of the trading date compared to the closed value of 26.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tortoise Energy fund. Still, in general, we apply an absolute valuation method to find Tortoise Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tortoise Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tortoise Energy's related companies.
| Open | High | Low | Close | Volume | |
| 25.87 | 26.14 | 25.87 | 26.01 | 4,088 | |
01/24/2024 | 26.26 | 26.28 | 26.22 | 26.22 | 1,405 |
| 26.28 | 26.66 | 26.28 | 26.64 | 6,155 |
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Tortoise Energy Trading Date Momentum on January 24, 2024
| On January 25 2024 Tortoise Energy Independence was traded for 26.64 at the closing time. Highest Tortoise Energy's price during the trading hours was 26.66 and the lowest price during the day was 26.28 . The net volume was 6.2 K. The overall trading history on the 25th of January contributed to the next trading period price gain. The trading delta at closing time to the next next day price was 1.60% . The trading price change to current price is 1.41% . |
Tortoise Energy Inde Fundamentals Correlations and Trends
By evaluating Tortoise Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tortoise Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tortoise financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tortoise Energy Fund history
Tortoise Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tortoise is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tortoise Energy Inde will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tortoise Energy stock prices may prove useful in developing a viable investing in Tortoise Energy
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.
Tortoise Energy Fund Technical Analysis
Tortoise Energy technical fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Tortoise Energy Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Tortoise Energy Independence cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tortoise Energy December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Tortoise Energy fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tortoise Energy shares will generate the highest return on investment. By undertsting and applying Tortoise Energy fund market strength indicators, traders can identify Tortoise Energy Independence entry and exit signals to maximize returns
Tortoise Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tortoise Energy's price direction in advance. Along with the technical and fundamental analysis of Tortoise Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tortoise to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1291 | |||
| Jensen Alpha | 0.139 | |||
| Total Risk Alpha | 0.0082 | |||
| Sortino Ratio | 0.071 | |||
| Treynor Ratio | 0.3446 |
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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.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |