AdvisorShares Pure Cannabis ETF Technical Analysis
| YOLO ETF | USD 3.09 -0.09 -2.83% |
As of the 6th of May, AdvisorShares Pure is valued at 3.09 per share. Indicator levels currently stand at Risk Adjusted Performance of 0.0551, downside deviation of 4.23, and Mean Deviation of 3.01. Historical price dispersion and volume trends are incorporated into the evaluation. Values are analyzed in relation to historical volatility thresholds.
AdvisorShares Pure Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as AdvisorShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AdvisorSharesAdvisorShares |
AdvisorShares Pure's market price and NAV each provide useful but distinct information about the fund. These perspectives help frame the broad analytical context for the fund.
It is useful to distinguish AdvisorShares Pure's trading price from its NAV, since each reflects a different perspective. ETF evaluation considers expense ratio, holdings quality, tracking accuracy, and category positioning.
What-If Analysis
Running a what-if backtest on AdvisorShares Pure Cannabis provides a practical way to test how changes in horizon, position size, or market timing might have affected the result. In practice, this review provides context for deciding whether AdvisorShares Pure's historical reward profile was stable enough to support the current thesis.
| 02/05/2026 |
| 05/06/2026 |
Investing 0.00 in AdvisorShares Pure starting February 5, 2026 and holding to today would realize 0.00 in total gains. This translates to a 0.0% cumulative return in AdvisorShares Pure in aggregate across 90 trading days. AdvisorShares Pure is related to or competes with Indexperts Gorilla, Themes Generative, AllianzIM Large, Pacer Swan, MAYBANK EMERGING, Future Fund, and John Hancock. The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under ... More
Momentum Range Indicators for AdvisorShares Pure Snapshot
The momentum profile for AdvisorShares Pure describes how price movement distributes across upside and downside channels. Current price is compared to recent trend direction and momentum readings.
| Downside Deviation | 4.23 | |||
| Information Ratio | 0.0493 | |||
| Maximum Drawdown | 28.38 | |||
| Value At Risk | -5.36 | |||
| Potential Upside | 5.82 |
Market Risk Indicators for AdvisorShares Pure Dashboard
Risk measures here provide context on AdvisorShares Pure's return distribution and drawdown behavior. Higher annualized volatility implies wider expected return ranges over any given holding period.| Risk Adjusted Performance | 0.0551 | |||
| Jensen Alpha | 0.2146 | |||
| Total Risk Alpha | 0.2425 | |||
| Sortino Ratio | 0.0482 | |||
| Treynor Ratio | 0.1005 |
Statistical evidence for mean reversion in AdvisorShares Pure's appears through its tendency to revert after extreme valuations. Under mean reversion theory, AdvisorShares Pure's price extremes are viewed as temporary dislocations that may self-correct. Mean reversion in AdvisorShares Pure's is often observed around historical valuation multiples. Historical data for AdvisorShares Pure shows that extreme valuations have tended to normalize over multi-year periods.
Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0551 | |||
| Market Risk Adjusted Performance | 0.1105 | |||
| Mean Deviation | 3.01 | |||
| Semi Deviation | 3.76 | |||
| Downside Deviation | 4.23 | |||
| Coefficient Of Variation | 2048.49 | |||
| Standard Deviation | 4.14 | |||
| Variance | 17.1 | |||
| Information Ratio | 0.0493 | |||
| Jensen Alpha | 0.2146 | |||
| Total Risk Alpha | 0.2425 | |||
| Sortino Ratio | 0.0482 | |||
| Treynor Ratio | 0.1005 | |||
| Maximum Drawdown | 28.38 | |||
| Value At Risk | -5.36 | |||
| Potential Upside | 5.82 | |||
| Downside Variance | 17.91 | |||
| Semi Variance | 14.12 | |||
| Expected Short fall | -3.16 | |||
| Skewness | 0.7735 | |||
| Kurtosis | 3.82 |
AdvisorShares Pure Backtested Returns
AdvisorShares Pure demonstrates an elevated risk exposure under current market conditions. It has a Sharpe Ratio of 0.0684, which indicates that 0.0684 units of return per unit of risk over the last 3 months. We identified twenty-seven technical indicators supporting this volatility profile. Please assess metrics such as risk-adjusted performance of 0.0551, downside deviation of 4.23, and mean deviation of 3.01 to confirm statistical stability. The ETF owns a Beta (Market Risk) of 1.91, which implies elevated sensitivity to broad market movements. As the market goes up, YOLO tends to outperform it. However, if the market returns are negative, AdvisorShares Pure tends to underperform.
Auto-correlation | -0.41 |
Modest reverse predictability
Comparing AdvisorShares Pure's price behavior from 5th of February 2026 to 22nd of March 2026 with the period from 22nd of March 2026 to 6th of May 2026 produces modest reverse predictability. The stronger the relationship between the current interval and its lagged values, the more accurately future price behavior of AdvisorShares Pure may be projected. The coefficient of -0.41 links just about 41.0% of AdvisorShares Pure's present price action to its own historical movements. Given that AdvisorShares Pure Cannabis has negative autocorrelation for the selected time horizon, market participants may evaluate potential contrarian price behavior over comparable future intervals.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Technical analysis for AdvisorShares Pure examines price and volume patterns over time. The approach includes tools such as moving averages and relative strength indicators.
Technical Analysis
This analysis covers thirty-seven data points across the selected time horizon. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of AdvisorShares Pure volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Technical Analysis Methodology & Indicators
Technical analysis of AdvisorShares Pure evaluates traded price structure, volume, and spread stability relative to NAV behavior. Range expansion increases sensitivity to execution and spread conditions.
AdvisorShares Pure Cannabis inputs come from fund disclosures and market reference feeds and are mapped into a consistent reporting framework.
Editorial review and methodology oversight provided by: Gabriel Shpitalnik, Member of Macroaxis Editorial Board
Technical Indicators
Investors following AdvisorShares Pure Cannabis often rely on technical indicators to test whether price action is supporting continuation, exhaustion, or a possible change in direction. This is informative when the goal is to compare trend quality, momentum, and mean-reversion risk before acting.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0551 | |||
| Market Risk Adjusted Performance | 0.1105 | |||
| Mean Deviation | 3.01 | |||
| Semi Deviation | 3.76 | |||
| Downside Deviation | 4.23 | |||
| Coefficient Of Variation | 2048.49 | |||
| Standard Deviation | 4.14 | |||
| Variance | 17.1 | |||
| Information Ratio | 0.0493 | |||
| Jensen Alpha | 0.2146 | |||
| Total Risk Alpha | 0.2425 | |||
| Sortino Ratio | 0.0482 | |||
| Treynor Ratio | 0.1005 | |||
| Maximum Drawdown | 28.38 | |||
| Value At Risk | -5.36 | |||
| Potential Upside | 5.82 | |||
| Downside Variance | 17.91 | |||
| Semi Variance | 14.12 | |||
| Expected Short fall | -3.16 | |||
| Skewness | 0.7735 | |||
| Kurtosis | 3.82 |
AdvisorShares Pure One Year Return
AdvisorShares Pure Cannabis has a reported One Year Return of 55.4%. This reading is 391.57% above the AdvisorShares family and notably above the Miscellaneous Sector category. Against all United States etfs, AdvisorShares Pure's one year return is notably higher than average.
Although One Year Fund Return reflects overall fund short-term performance, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.May 6, 2026 Daily Trend Indicators
Investors following AdvisorShares Pure Cannabis often rely on technical indicators to test whether price action is supporting continuation, exhaustion, or a possible change in direction. This is informative when the goal is to compare trend quality, momentum, and mean-reversion risk before acting.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | 0.00 | ||
| Rate Of Daily Change | 0.97 | ||
| Day Median Price | 3.09 | ||
| Day Typical Price | 3.09 | ||
| Price Action Indicator | -0.05 |