Tortoise Financial Statements From 2010 to 2024
| TBLU Etf | USD 42.95 0.35 0.82% |
Check Tortoise financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tortoise main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Tortoise financial statements analysis is a perfect complement when working with Tortoise Valuation or Volatility modules.
Tortoise |
Tortoise ETF Beta Analysis
Tortoise's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Tortoise Beta | 0.93 |
Most of Tortoise's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tortoise is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, Tortoise has a Beta of 0.93. This is much higher than that of the Tortoise Capital Advisors family and significantly higher than that of the Natural Resources category. The beta for all United States etfs is notably lower than that of the firm.
About Tortoise Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Tortoise income statement, its balance sheet, and the statement of cash flows. Tortoise investors use historical funamental indicators, such as Tortoise's revenue or net income, to determine how well the company is positioned to perform in the future. Although Tortoise investors may use each financial statement separately, they are all related. The changes in Tortoise's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Tortoise's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Tortoise Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Tortoise. Please read more on our technical analysis and fundamental analysis pages.
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Tortoise in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Tortoise's short interest history, or implied volatility extrapolated from Tortoise options trading.
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When determining whether Tortoise offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tortoise's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tortoise Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Tortoise Etf:Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of Tortoise 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's value that differs from its market value or its book value, called intrinsic value, which is Tortoise'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's market value can be influenced by many factors that don't directly affect Tortoise'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise'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.