Tortoise Global Financial Statements From 2010 to 2024
| TBLU Etf | USD 47.75 0.09 0.19% |
Check Tortoise Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tortoise Global's main balance sheet or income statement drivers, such as , as well as many indicators such as . Tortoise financial statements analysis is a perfect complement when working with Tortoise Global Valuation or Volatility modules.
Tortoise |
Tortoise Global Water ETF Beta Analysis
Tortoise Global'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 Global Beta | 0.93 |
Most of Tortoise Global'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 Global Water 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.
| Competition |
In accordance with the recently published financial statements, Tortoise Global Water 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 Global Financial Statements
Tortoise Global shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Tortoise Global investors may analyze each financial statement separately, they are all interrelated. The changes in Tortoise Global's assets and liabilities, for example, are also reflected in the revenues and expenses on on Tortoise Global's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
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.
Thematic Opportunities
Explore Investment Opportunities
Check out the analysis of Tortoise Global Correlation against competitors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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.