Tortoise Global Water Etf Price on September 27, 2024
| TBLU Etf | USD 47.85 1.71 3.45% |
Below is the normalized historical share price chart for Tortoise Global Water extending back to February 15, 2017. 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 Global stands at 47.85, as last reported on the 18th of December 2024, with the highest price reaching 49.56 and the lowest price hitting 47.85 during the day.
If you're considering investing in Tortoise Etf, it is important to understand the factors that can impact its price. Tortoise Global Water owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0338, which indicates the etf had a -0.0338% return per unit of risk over the last 3 months. Tortoise Global Water exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tortoise Global's Risk Adjusted Performance of 0.0396, coefficient of variation of 1943.55, and Semi Deviation of 0.8013 to confirm the risk estimate we provide.
Tortoise Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 20.54 | 1 y Volatility 14.27 | Inception Date 2017-02-14 |
Tortoise |
Sharpe Ratio = -0.0338
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| Negative Returns | TBLU |
Estimated Market Risk
| 1.03 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tortoise Global is not performing at its full potential. However, 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 Global by adding Tortoise Global to a well-diversified portfolio.
Average Mkt Cap Mil 6.2 K |
Tortoise Global Valuation on September 27, 2024
It is possible to determine the worth of Tortoise Global on a given historical date. On September 27, 2024 Tortoise was worth 50.0 at the beginning of the trading date compared to the closed value of 50.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tortoise Global etf. Still, in general, we apply an absolute valuation method to find Tortoise Global'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 Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tortoise Global's related companies.
| Open | High | Low | Close | Volume | |
| 49.65 | 49.72 | 49.52 | 49.72 | 2,200 | |
09/27/2024 | 50.00 | 50.51 | 50.00 | 50.17 | 1,600 |
| 50.02 | 50.12 | 49.96 | 50.12 | 600.00 |
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Tortoise Global Trading Date Momentum on September 27, 2024
| On September 30 2024 Tortoise Global Water was traded for 50.12 at the closing time. The top price for the day was 50.12 and the lowest listed price was 49.96 . The trading volume for the day was 600. The trading history from September 30, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.10% . The trading price change against the current closing price is 0.04% . |
Tortoise Global Water Fundamentals Correlations and Trends
By evaluating Tortoise Global'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 Global'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 Global Etf history
Tortoise Global 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 Global Water 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 Global stock prices may prove useful in developing a viable investing in Tortoise Global
The investment seeks investment results that correspond generally to the price and distribution rate performance of the Tortoise Global Water ESG Net Total Return IndexSM. Tortoise Global is traded on BTS Exchange in the United States.
Tortoise Global Etf Technical Analysis
Tortoise Global technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
Tortoise Global Period Price Range
Low | December 18, 2024
| High |
0.00 | 0.00 |
Tortoise Global Water cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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 Global December 18, 2024 Market Strength
Market strength indicators help investors to evaluate how Tortoise Global etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tortoise Global shares will generate the highest return on investment. By undertsting and applying Tortoise Global etf market strength indicators, traders can identify Tortoise Global Water entry and exit signals to maximize returns
Tortoise Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tortoise Global's price direction in advance. Along with the technical and fundamental analysis of Tortoise Etf 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 | 0.0396 | |||
| Jensen Alpha | 0.001 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0593 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise Global Water. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of Tortoise Global Water 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Tortoise Global'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 Global's market value can be influenced by many factors that don't directly affect Tortoise Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise Global'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.