Tortoise Global Water Etf Performance
| TBLU Etf | USD 47.66 0.19 0.40% |
The entity has a beta of 0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tortoise Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tortoise Global is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Tortoise Global Water has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable essential indicators, Tortoise Global is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
1 | Ex-LTCM Veteran Haghani Joins the ETF Rush on Dynamic Index Bid - Bloomberg | 09/30/2024 |
2 | ETF Industry KPI 1072024 - ETF Trends | 10/07/2024 |
3 | Tortoise Global Water ESG Fund Quote - Press Release - The Globe and Mail | 10/15/2024 |
| In Threey Sharp Ratio | 0.07 |
Tortoise |
Tortoise Global Relative Risk vs. Return Landscape
If you would invest 4,892 in Tortoise Global Water on September 21, 2024 and sell it today you would lose (126.00) from holding Tortoise Global Water or give up 2.58% of portfolio value over 90 days. Tortoise Global Water is currently does not generate positive expected returns and assumes 1.0329% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of etfs are less volatile than Tortoise, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Tortoise Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise Global's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Tortoise Global Water, and traders can use it to determine the average amount a Tortoise Global's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.035
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TBLU |
Estimated Market Risk
| 1.03 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 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.
Tortoise Global Fundamentals Growth
Tortoise Etf prices reflect investors' perceptions of the future prospects and financial health of Tortoise Global, and Tortoise Global fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Tortoise Etf performance.
| Total Asset | 15.52 M | |||
About Tortoise Global Performance
Assessing Tortoise Global's fundamental ratios provides investors with valuable insights into Tortoise Global's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Tortoise Global is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
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 generated a negative expected return over the last 90 days | |
| Tortoise Global Water was previously known as Ecofin Global Water and was traded on NYSE ARCA Exchange under the symbol EBLU. | |
| The fund created-71.0 ten year return of -71.0% | |
| Tortoise Global Water maintains 99.88% of its assets in stocks |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.