Tortoise Pipeline And Fund One Year Return
Tortoise Pipeline And fundamentals help investors to digest information that contributes to Tortoise Pipeline'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 Pipeline'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 Pipeline fund.
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Tortoise Pipeline And Fund One Year Return Analysis
Tortoise Pipeline's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Tortoise Pipeline One Year Return | 47.38 % |
Most of Tortoise Pipeline's fundamental indicators, such as One Year Return, 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 Pipeline And is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
CompetitionBased on the recorded statements, Tortoise Pipeline And has an One Year Return of 47.3825%. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The one year return for all United States funds is notably lower than that of the firm.
Tortoise One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tortoise Pipeline's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Tortoise Pipeline could also be used in its relative valuation, which is a method of valuing Tortoise Pipeline by comparing valuation metrics of similar companies.Tortoise Pipeline is currently under evaluation in one year return among similar funds.
Tortoise Fundamentals
| Return On Equity | 26.03 | |||
| Return On Asset | 0.62 | |||
| Profit Margin | 865.45 % | |||
| Operating Margin | 42.60 % | |||
| Current Valuation | 83.49 M | |||
| Shares Outstanding | 2.28 M | |||
| Shares Owned By Insiders | 0.34 % | |||
| Shares Owned By Institutions | 43.38 % | |||
| Number Of Shares Shorted | 3.16 K | |||
| Price To Earning | 2.92 X | |||
| Price To Book | 1.43 X | |||
| Price To Sales | 29.72 X | |||
| Revenue | 2.19 M | |||
| Gross Profit | 1.75 M | |||
| Net Income | 18.93 M | |||
| Cash And Equivalents | 217.86 K | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 20.91 M | |||
| Debt To Equity | 0.26 % | |||
| Current Ratio | 0.55 X | |||
| Book Value Per Share | 19.97 X | |||
| Cash Flow From Operations | 5.13 M | |||
| Short Ratio | 0.51 X | |||
| Earnings Per Share | (31.70) X | |||
| Beta | 2.04 | |||
| Market Capitalization | 25.24 M | |||
| Annual Yield | 0.06 % | |||
| Year To Date Return | 47.30 % | |||
| One Year Return | 47.38 % | |||
| Three Year Return | 28.02 % | |||
| Five Year Return | 1.53 % | |||
| Last Dividend Paid | 2.36 |
Pair Trading with Tortoise Pipeline
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 Pipeline 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 Pipeline will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Avery Dennison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avery Dennison 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 Avery Dennison - 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 Avery Dennison Corp to buy it.
The correlation of Avery Dennison 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 Avery Dennison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avery Dennison Corp 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 Avery Dennison 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 World Market Map 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 estimate. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Consideration for investing in Tortoise Fund
If you are still planning to invest in Tortoise Pipeline And 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 Pipeline's history and understand the potential risks before investing.
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