Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) GF Value Rank : 0 (As of Jun. 08, 2024)

View and export this data going back to . Start your Free Trial

What is Tortoise Energy Independence Fund, GF Value Rank?

Tortoise Energy Independence Fund, has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Tortoise Energy Independence Fund, GF Value Rank Related Terms

Thank you for viewing the detailed overview of Tortoise Energy Independence Fund,'s GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Energy Independence Fund, Inc. (NYSE:NDP) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211

Website

https://www.tortoiseecofin.com

Tortoise Energy Independence Fund, Inc. is a non-diversified closed-end management investment company. Its primary investment objective to seek a high level of total return with an emphasis on current distributions. The fund invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that generally have a presence in North American oil and gas fields, including shale reservoirs.

Executives

Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams	officer: Chief Financial Officer	5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Shobana Gopal	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Sean Paul Wickliffe	officer: Vice President & Asst Treas.	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Investors, Llp Bulldog	10 percent owner	PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Phillip Goldstein	10 percent owner	60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Andrew Dakos	10 percent owner	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Aristides Fund Qp, Lp	10 percent owner	118 EAST MAIN STREET, SUITE 600, LOUISVILLE KY 40202
Aristides Fund Lp	10 percent owner	C/O ARISTIDES CAPITAL LLC, 118 EAST MAIN STREET, SUITE 600, LOUISVILLE KY 40202

Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Headlines

From GuruFocus

Tortoise Announces Termination of Proposed Merger of Tortoise Pipeline & Energy Fund, Inc. (TTP) and Tortoise Energy Independence Fund, Inc. (NDP)

By ACCESSWIRE ACCESSWIRE • 06-04-2021

Saba Capital Management, L.P. Reduces Stake in Tortoise Energy Independence Fund, Inc.

By GuruFocus Research • 11-14-2023

Top 5 1st Quarter Trades of Bulldog Investors, LLP

By GuruFocus Research GuruFocus Editor • 05-15-2022

Bulldog Investors, LLP Acquires Shares in Tortoise Energy Independence Fund, Inc.

By GuruFocus Research • 07-19-2023