TORTOISE GLOBAL Valuation
| TBLU Etf | USD 42.37 0.00 0.00% |
At this time, the etf appears to be fairly valued. TORTOISE GLOBAL WATER has a current Real Value of $41.91 per share. The regular price of the etf is $42.37. Our model measures the value of TORTOISE GLOBAL WATER from evaluating the etf fundamentals such as net asset of 15.52 M, and Number Of Employees of 513 as well as inspecting its technical indicators and probability of bankruptcy.
Fairly Valued
Today
Please note that TORTOISE GLOBAL's price fluctuation is very steady at this time. Calculation of the real value of TORTOISE GLOBAL WATER is based on 3 months time horizon. Increasing TORTOISE GLOBAL's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
TORTOISE GLOBAL's intrinsic value may or may not be the same as its current market price of 42.37, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 42.37 | Real 41.91 | Hype 42.37 | Naive 43.7 |
The intrinsic value of TORTOISE GLOBAL's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence TORTOISE GLOBAL's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of TORTOISE GLOBAL WATER helps investors to forecast how TORTOISE etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of TORTOISE GLOBAL more accurately as focusing exclusively on TORTOISE GLOBAL's fundamentals will not take into account other important factors: About TORTOISE GLOBAL Valuation
The etf valuation mechanism determines TORTOISE GLOBAL's current worth on a daily basis. In general, an absolute valuation approach attempts to find the value of TORTOISE GLOBAL WATER based exclusively on its fundamental and basic technical indicators. As compared to an absolute model, our relative valuation model uses a comparative analysis of TORTOISE GLOBAL. We calculate exposure to TORTOISE GLOBAL's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of TORTOISE GLOBAL's related companies.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.
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.