475 Shares in iShares U.S. Basic Materials ETF Bought by Truvestments Capital LLC
| TBLU Etf | USD 47.75 0.09 0.19% |
Slightly above 55% of Tortoise Global's investor base is interested to short. The current sentiment regarding investing in Tortoise Global Water etf implies that many traders are impartial. Tortoise Global's investing sentiment can be driven by a variety of factors including economic data, Tortoise Global's earnings reports, geopolitical events, and overall market trends.
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Truvestments Capital LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 475 shares of the companys stock, valued at approximately 71,000. Other large investors have also modified
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Tortoise Global Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Tortoise Global can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Tortoise Global Fundamental Analysis
We analyze Tortoise Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tortoise Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tortoise Global based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
Five Year Return
Five Year Return Comparative Analysis
Tortoise Global is currently under evaluation in five year return as compared to similar ETFs. Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Tortoise Global Water Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tortoise Global etf to make a market-neutral strategy. Peer analysis of Tortoise Global could also be used in its relative valuation, which is a method of valuing Tortoise Global by comparing valuation metrics with similar companies.
Peers
Tortoise Global Related Equities
| XLB | Materials Select | 1.24 | ||||
| VAW | Vanguard Materials | 1.12 | ||||
| IYM | IShares Basic | 1.03 | ||||
| PHO | Invesco Water | 0.89 | ||||
| FIW | First Trust | 0.77 | ||||
| FXZ | First Trust | 0.71 | ||||
| EV | Mast Global | 0.32 | ||||
| XME | SPDR SP | 0.46 |
Check out Tortoise Global Hype Analysis, Tortoise Global Correlation and Tortoise Global Performance. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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.