Tortoise Energy Independence Fund Equity Positions Weight
Tortoise Energy Independence fundamentals help investors to digest information that contributes to Tortoise Energy's financial success or failures. It also enables traders to predict the movement of Tortoise Fund. The fundamental analysis module provides a way to measure Tortoise Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tortoise Energy fund.
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Tortoise Energy Independence Fund Equity Positions Weight Analysis
Tortoise Energy's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
CompetitionAccording to the company disclosure, Tortoise Energy Independence has an Equity Positions Weight of 0.0%. This indicator is about the same for the Financial Services average (which is currently at 0.0) family and about the same as Asset Management (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
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Tortoise Fundamentals
| Shares Outstanding | 1.85 M | |||
| Shares Owned By Insiders | 0.32 % | |||
| Shares Owned By Institutions | 47.21 % | |||
| Number Of Shares Shorted | 24.13 K | |||
| Price To Earning | 2.04 X | |||
| Short Ratio | 1.17 X | |||
| Earnings Per Share | 17.20 X | |||
| Number Of Employees | 17 | |||
| Beta | 2.27 | |||
| Market Capitalization | 16.98 M | |||
| Annual Yield | 0.14 % | |||
| Year To Date Return | 24.86 % | |||
| One Year Return | 24.11 % | |||
| Three Year Return | 25.16 % | |||
| Five Year Return | 6.11 % | |||
| Last Dividend Paid | 2.24 |
Pair Trading with Tortoise Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tortoise Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tortoise Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Other Consideration for investing in Tortoise Fund
If you are still planning to invest in Tortoise Energy Inde check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Tortoise Energy's history and understand the potential risks before investing.
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