Tortoise Energy Correlations

XTYGX Fund

USD 45.14 0.39 0.86%

The current 90-days correlation between Tortoise Energy Infr and Bbh Intermediate Municipal is -0.08 (i.e., Good diversification). The correlation of Tortoise Energy 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Tortoise Energy Correlation With Market

Good diversification

The correlation between Tortoise Energy Infrastructure and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tortoise Energy Infrastructure and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Tortoise Energy Infrastructure. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Tortoise Mutual Fund

0.8	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	MWTSX	Metropolitan West Total	Pair Corr
0.63	CPUIX	Aam Select Income	Pair Corr

Related Correlations Analysis

	BBINX	TTRBX	OWFIX	ABNTX	ANBIX	TAADX	MSTBX
BBINX		0.93	0.9	0.87	0.88	0.91	0.94	BBINX
TTRBX	0.93		0.97	0.94	0.93	0.98	0.97	TTRBX
OWFIX	0.9	0.97		0.94	0.92	0.98	0.95	OWFIX
ABNTX	0.87	0.94	0.94		0.98	0.89	0.96	ABNTX
ANBIX	0.88	0.93	0.92	0.98		0.87	0.97	ANBIX
TAADX	0.91	0.98	0.98	0.89	0.87		0.93	TAADX
MSTBX	0.94	0.97	0.95	0.96	0.97	0.93		MSTBX
	BBINX	TTRBX	OWFIX	ABNTX	ANBIX	TAADX	MSTBX

Risk-Adjusted Indicators

There is a big difference between Tortoise Mutual Fund performing well and Tortoise Energy Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tortoise Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBINX	0.09	0.02	(0.83)	(4.02)	(0.15)	0.29	(0.10)	0.59
TTRBX	0.14	0.03	(0.43)	0.75	(0.22)	0.41	(0.20)	0.81
OWFIX	0.17	0.03	(0.47)	0.77	(0.23)	0.39	(0.20)	0.98
ABNTX	0.13	0.03	(0.50)	1.59	(0.18)	0.29	(0.19)	0.59
ANBIX	0.12	0.03	(0.49)	3.51	(0.17)	0.29	(0.19)	0.67
TAADX	0.22	0.03	(0.29)	0.60	(0.29)	0.51	(0.37)	1.02
MSTBX	0.10	0.02	(0.73)	1.17	(0.15)	0.21	(0.10)	0.61

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Tortoise Energy Correlations

Tortoise Energy Correlation With Market

Good diversification

Moving together with Tortoise Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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