Tortoise Global Water Etf Fundamentals
| TBLU Etf | USD 42.37 0.00 0.00% |
TORTOISE GLOBAL WATER fundamentals help investors to digest information that contributes to TORTOISE GLOBAL's financial success or failures. It also enables traders to predict the movement of TORTOISE Etf. The fundamental analysis module provides a way to measure TORTOISE GLOBAL's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TORTOISE GLOBAL etf.
TORTOISE |
TORTOISE GLOBAL WATER ETF Beta Analysis
TORTOISE GLOBAL's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current TORTOISE GLOBAL Beta | 0.93 |
Most of TORTOISE GLOBAL's fundamental indicators, such as Beta, 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 GLOBAL WATER is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, TORTOISE GLOBAL WATER has a Beta of 0.93. This is much higher than that of the Tortoise Capital Advisors family and significantly higher than that of the Natural Resources category. The beta for all United States etfs is notably lower than that of the firm.
TORTOISE Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TORTOISE GLOBAL's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of TORTOISE GLOBAL could also be used in its relative valuation, which is a method of valuing TORTOISE GLOBAL by comparing valuation metrics of similar companies.TORTOISE GLOBAL is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for TORTOISE GLOBAL
The fund invests 99.88% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides TORTOISE GLOBAL's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
TORTOISE GLOBAL returns are very sensitive to returns on the market. As the market goes up or down, TORTOISE GLOBAL is expected to follow.
TORTOISE Fundamentals
| Number Of Employees | 513 | |||
| Beta | 0.93 | |||
| Total Asset | 15.52 M | |||
| One Year Return | 18.60 % | |||
| Three Year Return | 5.50 % | |||
| Five Year Return | 11.00 % | |||
| Ten Year Return | (71.10) % | |||
| Net Asset | 15.52 M | |||
| Last Dividend Paid | 0.12 | |||
| Equity Positions Weight | 99.88 % |
About TORTOISE GLOBAL Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TORTOISE GLOBAL WATER's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TORTOISE GLOBAL using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TORTOISE GLOBAL WATER based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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.
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in TORTOISE Etf
TORTOISE GLOBAL financial ratios help investors to determine whether TORTOISE Etf 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 GLOBAL security.