Advisorshares Pure Cannabis Etf Performance
| YOLO Etf | USD 2.30 0.03 1.29% |
The etf shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AdvisorShares Pure's returns are expected to increase less than the market. However, during the bear market, the loss of holding AdvisorShares Pure is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days AdvisorShares Pure Cannabis has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Etf's essential indicators remain very healthy which may send shares a bit higher in February 2025. The recent disarray may also be a sign of long period up-swing for the ETF investors. ...more
1 | Cannabis Legalization Headed For The Ballot Again In Florida Advocates Launch New Amendment Initiative | 01/15/2025 |
| In Threey Sharp Ratio | -1.01 |
AdvisorShares |
AdvisorShares Pure Relative Risk vs. Return Landscape
If you would invest 343.00 in AdvisorShares Pure Cannabis on October 24, 2024 and sell it today you would lose (113.00) from holding AdvisorShares Pure Cannabis or give up 32.94% of portfolio value over 90 days. AdvisorShares Pure Cannabis is currently does not generate positive expected returns and assumes 3.2214% risk (volatility on return distribution) over the 90 days horizon. In different words, 28% of etfs are less volatile than AdvisorShares, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
AdvisorShares Pure Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for AdvisorShares Pure's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as AdvisorShares Pure Cannabis, and traders can use it to determine the average amount a AdvisorShares Pure's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.193
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | YOLO |
Estimated Market Risk
| 3.22 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.62 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average AdvisorShares Pure is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of AdvisorShares Pure by adding AdvisorShares Pure to a well-diversified portfolio.
AdvisorShares Pure Fundamentals Growth
AdvisorShares Etf prices reflect investors' perceptions of the future prospects and financial health of AdvisorShares Pure, and AdvisorShares Pure fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on AdvisorShares Etf performance.
| Total Asset | 67.93 M | |||
About AdvisorShares Pure Performance
By examining AdvisorShares Pure's fundamental ratios, stakeholders can obtain critical insights into AdvisorShares Pure's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that AdvisorShares Pure is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
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.| AdvisorShares Pure generated a negative expected return over the last 90 days | |
| AdvisorShares Pure has high historical volatility and very poor performance | |
| Latest headline from benzinga.com: Cannabis Legalization Headed For The Ballot Again In Florida Advocates Launch New Amendment Initiative | |
| AdvisorShares Pure created five year return of -27.0% |
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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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.