Cambria Cannabis Financials
| TOKE Etf | USD 5.56 0.05 0.91% |
Net Expense Ratio 0.0042 |
Cambria |
The data published in Cambria Cannabis' official financial statements typically reflect Cambria Cannabis' 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 Cambria Cannabis' quantitative information. For example, before you start analyzing numbers published by Cambria accountants, it's essential to understand Cambria Cannabis' liquidity, profitability, and earnings quality within the context of the CAMBRIA ETF TRUST space in which it operates.
Please note, the presentation of Cambria Cannabis' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cambria Cannabis' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Cambria Cannabis' management manipulating its earnings.
Cambria Cannabis Etf Summary
Cambria Cannabis competes with Managed Account, Fidelity Sai, Schwab Strategic, and Inpex Corp. 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.| Instrument | USA Etf View All |
| Exchange | BATS Exchange |
| ISIN | US1320618218 |
| CUSIP | 132061821 |
| Region | Global |
| Investment Issuer | Cambria |
| Etf Family | CAMBRIA ETF TRUST |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Cambria Cannabis Key Financial Ratios
Cambria Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Cambria Cannabis's current stock value. Our valuation model uses many indicators to compare Cambria Cannabis value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cambria Cannabis competition to find correlations between indicators driving Cambria Cannabis's intrinsic value. More Info.Cambria Cannabis ETF is presently regarded as number one ETF in beta as compared to similar ETFs. It also is presently regarded as number one ETF in one year return as compared to similar ETFs reporting about 3.51 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Cambria Cannabis by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Cambria Cannabis ETF Systematic Risk
Cambria Cannabis' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Cambria Cannabis 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.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Cambria Cannabis ETF correlated with the market. If Beta is less than 0 Cambria Cannabis generally moves in the opposite direction as compared to the market. If Cambria Cannabis Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Cambria Cannabis ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Cambria Cannabis is generally in the same direction as the market. If Beta > 1 Cambria Cannabis moves generally in the same direction as, but more than the movement of the benchmark.
About Cambria Cannabis Financials
What exactly are Cambria Cannabis Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Cambria Cannabis' income statement, its balance sheet, and the statement of cash flows. Potential Cambria Cannabis investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Cambria Cannabis investors may use each financial statement separately, they are all related. The changes in Cambria Cannabis's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cambria Cannabis's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Cambria Cannabis Thematic Clasifications
Cambria Cannabis ETF is part of several thematic ideas from Theme ETFs to Strategy 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 IdeasCambria Cannabis December 2, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Cambria Cannabis help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Cambria Cannabis ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cambria Cannabis ETF based on widely used predictive technical indicators. In general, we focus on analyzing Cambria Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cambria Cannabis's daily price indicators and compare them against related drivers.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.95 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.37 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Cambria Cannabis ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.