AdvisorShares Pure Financials
| YOLO Etf | USD 2.44 0.08 3.17% |
Net Expense Ratio 0.0103 | 3 y Sharp Ratio (0.98) |
AdvisorShares |
The data published in AdvisorShares Pure's official financial statements typically reflect AdvisorShares Pure's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving AdvisorShares Pure's quantitative information. For example, before you start analyzing numbers published by AdvisorShares accountants, it's essential to understand AdvisorShares Pure's liquidity, profitability, and earnings quality within the context of the AdvisorShares space in which it operates.
AdvisorShares Pure Etf Summary
AdvisorShares Pure competes with Invesco Global, SCOR PK, Morningstar Unconstrained, Thrivent High, and Via Renewables. The fund is an actively managed exchange-traded fund 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 and in derivatives or other instruments that have economic characteristics similar to such securities. Advisorshares Pure is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US00768Y4952 |
| CUSIP | 00768Y495 |
| Region | North America |
| Investment Issuer | AdvisorShares |
| Etf Family | AdvisorShares |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
AdvisorShares Pure Key Financial Ratios
AdvisorShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining AdvisorShares Pure's current stock value. Our valuation model uses many indicators to compare AdvisorShares Pure value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across AdvisorShares Pure competition to find correlations between indicators driving AdvisorShares Pure's intrinsic value. More Info.AdvisorShares Pure Cannabis is rated first in beta as compared to similar ETFs. It is rated first in one year return as compared to similar ETFs . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the AdvisorShares Pure's earnings, one of the primary drivers of an investment's value.AdvisorShares Pure Systematic Risk
AdvisorShares Pure's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. AdvisorShares Pure volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on AdvisorShares Pure correlated with the market. If Beta is less than 0 AdvisorShares Pure generally moves in the opposite direction as compared to the market. If AdvisorShares Pure Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one AdvisorShares Pure is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of AdvisorShares Pure is generally in the same direction as the market. If Beta > 1 AdvisorShares Pure moves generally in the same direction as, but more than the movement of the benchmark.
AdvisorShares Pure Thematic Clasifications
AdvisorShares Pure Cannabis is part of several thematic ideas from Strategy ETFs to Theme ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasAdvisorShares Pure December 14, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of AdvisorShares Pure help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of AdvisorShares Pure Cannabis. We use our internally-developed statistical techniques to arrive at the intrinsic value of AdvisorShares Pure Cannabis based on widely used predictive technical indicators. In general, we focus on analyzing AdvisorShares Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build AdvisorShares Pure's daily price indicators and compare them against related drivers.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 22.03 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 2.77 |
Check out Your Current Watchlist 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 bureau of economic analysis. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.