Tortoise Capital Series Fund Market Value
| TPZ Fund | USD 20.29 0.14 0.69% |
| Symbol | Tortoise |
Tortoise Capital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tortoise Capital's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tortoise Capital.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Tortoise Capital on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Tortoise Capital Series or generate 0.0% return on investment in Tortoise Capital over 720 days. Tortoise Capital is related to or competes with Blackrock Muniyield, Blackrock Muni, Blackrock Muniyield, Blackrock Muniyield, Blackrock Muniholdings, Munivest Fund, and DWS Municipal. Tortoise Power and Energy Infrastructure Fund, Inc More
Tortoise Capital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tortoise Capital's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tortoise Capital Series upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9214 | |||
| Information Ratio | 0.0859 | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.82 |
Tortoise Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tortoise Capital's standard deviation. In reality, there are many statistical measures that can use Tortoise Capital historical prices to predict the future Tortoise Capital's volatility.| Risk Adjusted Performance | 0.1586 | |||
| Jensen Alpha | 0.1476 | |||
| Total Risk Alpha | 0.0452 | |||
| Sortino Ratio | 0.089 | |||
| Treynor Ratio | 0.4602 |
Tortoise Capital Series Backtested Returns
Tortoise Capital appears to be very steady, given 3 months investment horizon. Tortoise Capital Series owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tortoise Capital Series, which you can use to evaluate the volatility of the fund. Please review Tortoise Capital's Coefficient Of Variation of 462.44, risk adjusted performance of 0.1586, and Semi Deviation of 0.6582 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tortoise Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tortoise Capital is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Tortoise Capital Series has very good predictability. Overlapping area represents the amount of predictability between Tortoise Capital time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tortoise Capital Series price movement. The serial correlation of 0.81 indicates that around 81.0% of current Tortoise Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 5.07 |
Tortoise Capital Series lagged returns against current returns
Autocorrelation, which is Tortoise Capital fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tortoise Capital's fund expected returns. We can calculate the autocorrelation of Tortoise Capital returns to help us make a trade decision. For example, suppose you find that Tortoise Capital has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tortoise Capital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tortoise Capital fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tortoise Capital fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tortoise Capital fund over time.
Current vs Lagged Prices |
| Timeline |
Tortoise Capital Lagged Returns
When evaluating Tortoise Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tortoise Capital fund have on its future price. Tortoise Capital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tortoise Capital autocorrelation shows the relationship between Tortoise Capital fund current value and its past values and can show if there is a momentum factor associated with investing in Tortoise Capital Series.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Tortoise Fund
Tortoise Capital 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 Capital security.
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