Tortoise Pipeline And Fund Retained Earnings
| TTP Fund | USD 52.34 0.91 1.77% |
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.
Tortoise |
Tortoise Pipeline And Fund Retained Earnings Analysis
Tortoise Pipeline's Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
More About Retained Earnings | All Equity Analysis
Retained Earnings | = | Beginning RE + Income | - | Dividends |
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
| Competition |
Based on the latest financial disclosure, Tortoise Pipeline And has a Retained Earnings 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).
Tortoise Retained Earnings 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 Retained Earnings 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 retained earnings 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 | 59.29 % | ||||
| One Year Return | 61.73 % | ||||
| Three Year Return | 29.77 % | ||||
| Five Year Return | 5.83 % | ||||
| Last Dividend Paid | 2.36 |
About Tortoise Pipeline Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tortoise Pipeline And's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tortoise Pipeline using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tortoise Pipeline And based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.Moving together with Tortoise Fund
| 0.97 | NDP | Tortoise Energy Inde | PairCorr |
| 0.84 | HIE | Millerhoward High Income | PairCorr |
| 0.88 | ACV | Allianzgi Diversified | PairCorr |
The ability to find closely correlated positions to Tortoise Pipeline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tortoise Pipeline 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 Tortoise Pipeline - 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 Tortoise Pipeline And to buy it.
The correlation of Tortoise Pipeline 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 Tortoise Pipeline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tortoise Pipeline And 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 Tortoise Pipeline 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.Other Information on Investing in Tortoise Fund
Tortoise Pipeline financial ratios help investors to determine whether Tortoise Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tortoise with respect to the benefits of owning Tortoise Pipeline security.
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |