Tortoise Etf Technical Analysis
| TPAY Etf | USD 26.12 0.00 0.00% |
As of the 19th of April, Tortoise has the Risk Adjusted Performance of (0.05), variance of 5.21, and Coefficient Of Variation of (1,143). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tortoise, as well as the relationship between them. In other words, you can use this information to find out if the etf will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Tortoise, which can be compared to its competition. Please validate Tortoise risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if Tortoise is priced more or less accurately, providing market reflects its prevalent price of 26.12 per share.
Tortoise Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tortoise, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TortoiseTortoise |
Tortoise technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Tortoise Technical Analysis
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Tortoise Trend Analysis
Use this graph to draw trend lines for Tortoise. You can use it to identify possible trend reversals for Tortoise as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Tortoise price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tortoise Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tortoise applied against its price change over selected period. The best fit line has a slop of 0.05 , which may suggest that Tortoise market price will keep on failing further. It has 122 observation points and a regression sum of squares at 86.38, which is the sum of squared deviations for the predicted Tortoise price change compared to its average price change.About Tortoise Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Tortoise on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Tortoise based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Tortoise price pattern first instead of the macroeconomic environment surrounding Tortoise. By analyzing Tortoise's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Tortoise's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Tortoise specific price patterns or momentum indicators. Please read more on our technical analysis page.
Tortoise April 19, 2024 Technical Indicators
Most technical analysis of Tortoise help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Tortoise from various momentum indicators to cycle indicators. When you analyze Tortoise charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (2.77) | |||
| Mean Deviation | 1.72 | |||
| Coefficient Of Variation | (1,143) | |||
| Standard Deviation | 2.28 | |||
| Variance | 5.21 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (2.78) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 3.62 | |||
| Skewness | 0.7611 | |||
| Kurtosis | 1.53 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Tortoise information on this page should be used as a complementary analysis to other Tortoise's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of Tortoise 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's value that differs from its market value or its book value, called intrinsic value, which is Tortoise'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's market value can be influenced by many factors that don't directly affect Tortoise'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise'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.