Cambria Cannabis Etf Market Value
| TOKE Etf | USD 5.16 0.02 0.39% |
| Symbol | Cambria |
The market value of Cambria Cannabis ETF is measured differently than its book value, which is the value of Cambria that is recorded on the company's balance sheet. Investors also form their own opinion of Cambria Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Cambria Cannabis' 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 Cambria Cannabis' market value can be influenced by many factors that don't directly affect Cambria Cannabis' 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 Cambria Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cambria Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cambria Cannabis' 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.
Cambria Cannabis 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cambria Cannabis' etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cambria Cannabis.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Cambria Cannabis on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Cambria Cannabis ETF or generate 0.0% return on investment in Cambria Cannabis over 30 days. Cambria Cannabis is related to or competes with Invesco Global, SCOR PK, Morningstar Unconstrained, Thrivent High, Via Renewables, Bondbloxx ETF, and Spring Valley. Under normal market conditions, at least 80 percent of the value of the funds net assets will be invested in Cannabis Co... More
Cambria Cannabis Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cambria Cannabis' etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cambria Cannabis ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 15.69 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.75 |
Cambria Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambria Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambria Cannabis' standard deviation. In reality, there are many statistical measures that can use Cambria Cannabis historical prices to predict the future Cambria Cannabis' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.1693 |
Cambria Cannabis ETF Backtested Returns
Cambria Cannabis ETF secures Sharpe Ratio (or Efficiency) of -0.0932, which signifies that the etf had a -0.0932% return per unit of risk over the last 3 months. Cambria Cannabis ETF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cambria Cannabis' Mean Deviation of 1.39, risk adjusted performance of (0.06), and Standard Deviation of 2.25 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -1.33, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cambria Cannabis are expected to decrease by larger amounts. On the other hand, during market turmoil, Cambria Cannabis is expected to outperform it.
Auto-correlation | 0.04 |
Virtually no predictability
Cambria Cannabis ETF has virtually no predictability. Overlapping area represents the amount of predictability between Cambria Cannabis time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cambria Cannabis ETF price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Cambria Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Cambria Cannabis ETF lagged returns against current returns
Autocorrelation, which is Cambria Cannabis etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cambria Cannabis' etf expected returns. We can calculate the autocorrelation of Cambria Cannabis returns to help us make a trade decision. For example, suppose you find that Cambria Cannabis has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cambria Cannabis regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cambria Cannabis etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambria Cannabis etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambria Cannabis etf over time.
Current vs Lagged Prices |
| Timeline |
Cambria Cannabis Lagged Returns
When evaluating Cambria Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambria Cannabis etf have on its future price. Cambria Cannabis autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cambria Cannabis autocorrelation shows the relationship between Cambria Cannabis etf current value and its past values and can show if there is a momentum factor associated with investing in Cambria Cannabis ETF.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Cambria Cannabis ETF is a strong investment it is important to analyze Cambria Cannabis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cambria Cannabis' future performance. For an informed investment choice regarding Cambria Etf, refer to the following important reports:Check out Cambria Cannabis Correlation, Cambria Cannabis Volatility and Cambria Cannabis Alpha and Beta module to complement your research on Cambria Cannabis. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Cambria Cannabis technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.