Advisorshares Pure Cannabis Etf Market Value
MSOS Etf | USD 3.50 0.15 4.48% |
Symbol | AdvisorShares |
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.
AdvisorShares Pure '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 AdvisorShares Pure's 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 AdvisorShares Pure.
01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in AdvisorShares Pure on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding AdvisorShares Pure Cannabis or generate 0.0% return on investment in AdvisorShares Pure over 30 days. AdvisorShares Pure is related to or competes with AdvisorShares Pure, Trulieve Cannabis, Green Thumb, Amplify Seymour, and Curaleaf Holdings. The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstan... More
AdvisorShares Pure 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 AdvisorShares Pure's 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 AdvisorShares Pure Cannabis upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.18) | |||
Maximum Drawdown | 32.05 | |||
Value At Risk | (6.86) | |||
Potential Upside | 7.09 |
AdvisorShares Pure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AdvisorShares Pure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AdvisorShares Pure's standard deviation. In reality, there are many statistical measures that can use AdvisorShares Pure historical prices to predict the future AdvisorShares Pure's volatility.Risk Adjusted Performance | (0.13) | |||
Jensen Alpha | (0.94) | |||
Total Risk Alpha | (1.60) | |||
Treynor Ratio | 3.61 |
AdvisorShares Pure Backtested Returns
AdvisorShares Pure secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the etf had a -0.17 % return per unit of risk over the last 3 months. AdvisorShares Pure Cannabis exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AdvisorShares Pure's Standard Deviation of 5.85, risk adjusted performance of (0.13), and Mean Deviation of 3.84 to double-check the risk estimate we provide. 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, returns on owning AdvisorShares Pure are expected to decrease at a much lower rate. During the bear market, AdvisorShares Pure is likely to outperform the market.
Auto-correlation | 0.33 |
Below average predictability
AdvisorShares Pure Cannabis has below average predictability. Overlapping area represents the amount of predictability between AdvisorShares Pure time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AdvisorShares Pure price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current AdvisorShares Pure price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.33 | |
Spearman Rank Test | 0.09 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
AdvisorShares Pure lagged returns against current returns
Autocorrelation, which is AdvisorShares Pure 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 AdvisorShares Pure's etf expected returns. We can calculate the autocorrelation of AdvisorShares Pure returns to help us make a trade decision. For example, suppose you find that AdvisorShares Pure 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 |
AdvisorShares Pure 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 AdvisorShares Pure etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AdvisorShares Pure etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AdvisorShares Pure etf over time.
Current vs Lagged Prices |
Timeline |
AdvisorShares Pure Lagged Returns
When evaluating AdvisorShares Pure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AdvisorShares Pure etf have on its future price. AdvisorShares Pure 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, AdvisorShares Pure autocorrelation shows the relationship between AdvisorShares Pure etf current value and its past values and can show if there is a momentum factor associated with investing in AdvisorShares Pure Cannabis.
Regressed Prices |
Timeline |
Thematic Opportunities
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Check out AdvisorShares Pure Correlation, AdvisorShares Pure Volatility and AdvisorShares Pure Alpha and Beta module to complement your research on AdvisorShares Pure. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
AdvisorShares Pure 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.