Cambria Cannabis Financial Statements From 2010 to 2024
| TOKE Etf | USD 5.56 0.05 0.91% |
Check Cambria Cannabis financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cambria Cannabis' main balance sheet or income statement drivers, such as , as well as many indicators such as . Cambria financial statements analysis is a perfect complement when working with Cambria Cannabis Valuation or Volatility modules.
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Cambria Cannabis ETF ETF Beta Analysis
Cambria Cannabis' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Cambria Cannabis Beta | 1.14 |
Most of Cambria Cannabis' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cambria Cannabis ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Cambria Cannabis ETF has a Beta of 1.14. This is much higher than that of the CAMBRIA ETF TRUST family and significantly higher than that of the Miscellaneous Sector category. The beta for all United States etfs is notably lower than that of the firm.
About Cambria Cannabis Financial Statements
Cambria Cannabis stakeholders use historical fundamental indicators, such as Cambria Cannabis' revenue or net income, to determine how well the company is positioned to perform in the future. Although Cambria Cannabis investors may analyze each financial statement separately, they are all interrelated. For example, changes in Cambria Cannabis' assets and liabilities are reflected in the revenues and expenses on Cambria Cannabis' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Cambria Cannabis ETF. Please read more on our technical analysis and fundamental analysis pages.
Under normal market conditions, at least 80 percent of the value of the funds net assets will be invested in Cannabis Companies. Cambria Cannabis is traded on BATS Exchange in the United States.
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 the analysis of Cambria Cannabis Correlation against competitors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.