Advisorshares Pure Cannabis Etf Profile
| MSOS Etf | USD 4.67 0.09 1.97% |
Performance0 of 100
| Odds Of DistressLess than 9
|
AdvisorShares Pure is selling for under 4.67 as of the 28th of November 2024; that is 1.97 percent increase since the beginning of the trading day. The etf's lowest day price was 4.51. AdvisorShares Pure has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for AdvisorShares Pure Cannabis are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its net assets in securities of companies that derive at least 50 percent of their net revenue from the marijuana and hemp business in the United States and in derivatives that have economic characteristics similar to such securities. More on AdvisorShares Pure Cannabis
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AdvisorShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Miscellaneous Sector, AdvisorShares (View all Sectors) |
| Issuer | AdvisorShares |
| Inception Date | 2020-09-01 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 588.92 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | AdvisorShares Investments, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Dan S. Ahrens |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 94.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.86 |
| Management Fee | 0.6 |
| Country Name | USA |
| Returns Y T D | (34.66) |
| Name | AdvisorShares Pure US Cannabis ETF |
| Currency Code | USD |
| Open Figi | BBG00X28J818 |
| In Threey Volatility | 60.01 |
| 1y Volatility | 60.57 |
| 200 Day M A | 7.7136 |
| 50 Day M A | 6.4082 |
| Code | MSOS |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.52) |
| Type | ETF |
AdvisorShares Pure Cannabis [MSOS] is traded in USA and was established 2020-09-01. The fund is listed under Miscellaneous Sector category and is part of AdvisorShares family. The entity is thematically classified as Strategy ETFs. AdvisorShares Pure now have 499.95 M in assets. , while the total return for the last 3 years was -45.6%.
Check AdvisorShares Pure Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on AdvisorShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding AdvisorShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as AdvisorShares Pure Cannabis Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
AdvisorShares Pure Currency Exposure
AdvisorShares Pure Cannabis holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of AdvisorShares Pure will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in AdvisorShares Pure Cannabis.
Top AdvisorShares Pure Cannabis Etf Constituents
| CASH | Meta Financial Group | Stock | Financials |
AdvisorShares Pure Top Holders
| ICMAX | Intrepid Endurance Fund | Mutual Fund | Small Growth | |
| ICMZX | Intrepid Endurance Fund | Mutual Fund | Small Growth |
AdvisorShares Pure Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in AdvisorShares Pure. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (1.40) | |||
| Treynor Ratio | 0.1778 |
AdvisorShares Pure Against Markets
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in AdvisorShares Pure Cannabis. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of AdvisorShares Pure is measured differently than its book value, which is the value of AdvisorShares that is recorded on the company's balance sheet. Investors also form their own opinion of AdvisorShares Pure's value that differs from its market value or its book value, called intrinsic value, which is AdvisorShares Pure'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 AdvisorShares Pure's market value can be influenced by many factors that don't directly affect AdvisorShares Pure'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 AdvisorShares Pure's value and its price as these two are different measures arrived at by different means. Investors typically determine if AdvisorShares Pure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AdvisorShares Pure'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.