Disposition of 1000000 shares by Saba Capital Management, L.p. of Tortoise Capital at 20.09 subject to Rule 16b-3
| TPZ Etf | USD 22.17 0.32 1.46% |
Slightly above 54% of Tortoise Capital's investors are presently thinking to get in. The current sentiment of investing in Tortoise Capital Series suggests that some traders are interested. Tortoise Capital's investing sentiment can be driven by a variety of factors including economic data, Tortoise Capital's earnings reports, geopolitical events, and overall market trends.
Tortoise |
Filed transaction by Tortoise Capital Series 10 Percent Owner. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
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Tortoise Capital Fundamental Analysis
We analyze Tortoise Capital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tortoise Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tortoise Capital 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.
Price To Earning
Price To Earning Comparative Analysis
Tortoise Capital is currently under evaluation in price to earning as compared to similar ETFs. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Tortoise Capital Series 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 Capital etf to make a market-neutral strategy. Peer analysis of Tortoise Capital could also be used in its relative valuation, which is a method of valuing Tortoise Capital by comparing valuation metrics with similar companies.
Peers
Tortoise Capital Related Equities
| TYG | Tortoise Energy | 3.13 | ||||
| IDE | Voya Infrastructure | 1.34 | ||||
| NMAI | Nuveen Multi | 0.82 | ||||
| RMI | Rivernorth Opportunistic | 0.78 | ||||
| FMN | Federated Premier | 0.63 | ||||
| MHD | Blackrock Muniholdings | 0.59 | ||||
| CXE | MFS High | 0.54 | ||||
| JHS | John Hancock | 0.36 | ||||
| CXH | MFS Investment | 0.25 | ||||
| EOT | Eaton Vance | 0.24 | ||||
| TEAF | Ecofin Sustainable | 0.08 |
Other Information on Investing in Tortoise Etf
Tortoise Capital financial ratios help investors to determine whether Tortoise Etf 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 Capital security.