Tortoise Energy Independence Fund Manager Performance Evaluation
| XNDPX Fund | USD 44.62 0.04 0.09% |
The entity has a beta of -0.038, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tortoise Energy are expected to decrease at a much lower rate. During the bear market, Tortoise Energy is likely to outperform the market.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Tortoise Energy Independence are ranked lower than 14 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Tortoise Energy showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio | 3.2400 |
Tortoise |
Tortoise Energy Relative Risk vs. Return Landscape
If you would invest 3,895 in Tortoise Energy Independence on September 1, 2024 and sell it today you would earn a total of 567.00 from holding Tortoise Energy Independence or generate 14.56% return on investment over 90 days. Tortoise Energy Independence is currently producing 0.2234% returns and takes up 1.2284% volatility of returns over 90 trading days. Put another way, 10% of traded mutual funds are less volatile than Tortoise, and 96% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Tortoise Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tortoise Energy's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Tortoise Energy Independence, and traders can use it to determine the average amount a Tortoise Energy'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 = 0.1818
| Best Portfolio | Best Equity | |||
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| Small Returns | XNDPX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Tortoise Energy is performing at about 14% of its full potential. 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 Energy by adding it to a well-diversified portfolio.
Tortoise Energy Fundamentals Growth
Tortoise Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Tortoise Energy, and Tortoise Energy 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 Mutual Fund performance.
About Tortoise Energy Performance
Evaluating Tortoise Energy's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Tortoise Energy has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Tortoise Energy has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Tortoise Energy is entity of United States. It is traded as Fund on NMFQS exchange.Things to note about Tortoise Energy Inde performance evaluation
Checking the ongoing alerts about Tortoise Energy for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Tortoise Energy Inde help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Tortoise Energy's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Tortoise Energy's mutual fund performance include:- Analyzing Tortoise Energy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Tortoise Energy's stock is overvalued or undervalued compared to its peers.
- Examining Tortoise Energy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Tortoise Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Tortoise Energy's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Tortoise Energy's mutual fund. These opinions can provide insight into Tortoise Energy's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Tortoise Mutual Fund
Tortoise Energy financial ratios help investors to determine whether Tortoise Mutual 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 Energy security.
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