Tortoise Global Valuation
| TBLU Etf | USD 47.66 0.19 0.40% |
At this time, the etf appears to be fairly valued. Tortoise Global Water has a current Real Value of $48.09 per share. The regular price of the etf is $47.66. Our model measures the value of Tortoise Global Water from inspecting the etf fundamentals such as Number Of Employees of 513, one year return of 15.80 %, and Net Asset of 15.52 M as well as reviewing 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 47.66, 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 47.66 | Real 48.09 | Hype 47.67 |
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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise Global Water. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. 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.
The market value of Tortoise Global Water 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Tortoise Global'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 Global's market value can be influenced by many factors that don't directly affect Tortoise Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise Global'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.