Tortoise Energy Infrastructure Stock Market Value
| TYG Stock | USD 44.89 0.31 0.69% |
| Symbol | Tortoise |
Tortoise Energy Infr Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tortoise Energy. If investors know Tortoise will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tortoise Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.097 | Dividend Share 2.84 | Earnings Share 9.76 | Revenue Per Share 1.265 | Quarterly Revenue Growth (0.25) |
The market value of Tortoise Energy Infr 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 Energy's value that differs from its market value or its book value, called intrinsic value, which is Tortoise Energy'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 Energy's market value can be influenced by many factors that don't directly affect Tortoise Energy'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 Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise Energy'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.
Tortoise Energy '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 Energy's stock 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 Energy.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Tortoise Energy on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Tortoise Energy Infrastructure or generate 0.0% return on investment in Tortoise Energy over 30 days. Tortoise Energy is related to or competes with Tortoise Mlp, DTF Tax, Destra Multi, NXG NextGen, Tortoise Pipeline, Tortoise Capital, and Tortoise Energy. Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital... More
Tortoise Energy 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 Energy's stock 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 Energy Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.2102 | |||
| Maximum Drawdown | 6.24 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 2.21 |
Tortoise Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tortoise Energy's standard deviation. In reality, there are many statistical measures that can use Tortoise Energy historical prices to predict the future Tortoise Energy's volatility.| Risk Adjusted Performance | 0.2292 | |||
| Jensen Alpha | 0.3359 | |||
| Total Risk Alpha | 0.1779 | |||
| Sortino Ratio | 0.2393 | |||
| Treynor Ratio | 1.18 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tortoise Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tortoise Energy Infr Backtested Returns
Tortoise Energy appears to be very steady, given 3 months investment horizon. Tortoise Energy Infr owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.3, which indicates the firm had a 0.3% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tortoise Energy Infrastructure, which you can use to evaluate the volatility of the company. Please review Tortoise Energy's Coefficient Of Variation of 320.87, semi deviation of 0.6557, and Risk Adjusted Performance of 0.2292 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tortoise Energy holds a performance score of 23. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tortoise Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tortoise Energy is expected to be smaller as well. Please check Tortoise Energy's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Tortoise Energy's existing price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Tortoise Energy Infrastructure has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tortoise Energy time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Energy Infr price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Tortoise Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Tortoise Energy Infr lagged returns against current returns
Autocorrelation, which is Tortoise Energy stock'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 Energy's stock expected returns. We can calculate the autocorrelation of Tortoise Energy returns to help us make a trade decision. For example, suppose you find that Tortoise Energy has exhibited high autocorrelation historically, and you observe that the stock 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 |
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Tortoise Energy 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 Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tortoise Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tortoise Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Tortoise Energy Lagged Returns
When evaluating Tortoise Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tortoise Energy stock have on its future price. Tortoise Energy 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 Energy autocorrelation shows the relationship between Tortoise Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Tortoise Energy Infrastructure.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Tortoise Energy Infr is a strong investment it is important to analyze Tortoise Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tortoise Energy's future performance. For an informed investment choice regarding Tortoise Stock, refer to the following important reports:Check out Tortoise Energy Correlation, Tortoise Energy Volatility and Tortoise Energy Alpha and Beta module to complement your research on Tortoise Energy. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Tortoise Energy technical stock 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, stock market cycles, or different charting patterns.