Cambria Cannabis Etf Performance
| TOKE Etf | USD 5.56 0.05 0.91% |
The etf shows a Beta (market volatility) of -1.06, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Cambria Cannabis are expected to decrease slowly. On the other hand, during market turmoil, Cambria Cannabis is expected to outperform it slightly.
Risk-Adjusted Performance
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Over the last 90 days Cambria Cannabis ETF has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound forward-looking signals, Cambria Cannabis is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
1 | Cambria Cannabis ETF declares quarterly distribution of 0.0821 | 09/30/2024 |
Cambria |
Cambria Cannabis Relative Risk vs. Return Landscape
If you would invest 583.00 in Cambria Cannabis ETF on September 3, 2024 and sell it today you would lose (27.00) from holding Cambria Cannabis ETF or give up 4.63% of portfolio value over 90 days. Cambria Cannabis ETF is currently does not generate positive expected returns and assumes 2.2842% risk (volatility on return distribution) over the 90 days horizon. In different words, 20% of etfs are less volatile than Cambria, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Cambria Cannabis Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambria Cannabis' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Cambria Cannabis ETF, and traders can use it to determine the average amount a Cambria Cannabis' 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 = -0.0208
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| Negative Returns | TOKE |
Estimated Market Risk
| 2.28 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cambria Cannabis 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 Cambria Cannabis by adding Cambria Cannabis to a well-diversified portfolio.
Cambria Cannabis Fundamentals Growth
Cambria Etf prices reflect investors' perceptions of the future prospects and financial health of Cambria Cannabis, and Cambria Cannabis 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 Cambria Etf performance.
| Total Asset | 12.41 M | |||
About Cambria Cannabis Performance
By analyzing Cambria Cannabis' fundamental ratios, stakeholders can gain valuable insights into Cambria Cannabis' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Cambria Cannabis has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Cambria Cannabis has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.| Cambria Cannabis ETF generated a negative expected return over the last 90 days | |
| Cambria Cannabis ETF created five year return of -15.0% | |
| This fund maintains 95.54% of its assets in stocks |
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.