AdvisorShares Pure Financial Statements From 2010 to 2025
| YOLO Etf | USD 3.27 0.27 9.00% |
Check AdvisorShares Pure financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AdvisorShares Pure's main balance sheet or income statement drivers, such as , as well as many indicators such as . AdvisorShares financial statements analysis is a perfect complement when working with AdvisorShares Pure Valuation or Volatility modules.
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AdvisorShares Pure Cannabis ETF Beta Analysis
AdvisorShares Pure's 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 AdvisorShares Pure Beta | 1.1 |
Most of AdvisorShares Pure's 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, AdvisorShares Pure Cannabis 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, AdvisorShares Pure Cannabis has a Beta of 1.1. This is much higher than that of the AdvisorShares 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 AdvisorShares Pure Financial Statements
AdvisorShares Pure investors utilize fundamental indicators, such as revenue or net income, to predict how AdvisorShares Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its net assets in securities of companies that derive at least 50 percent of their net revenue from the marijuana and hemp business and in derivatives or other instruments that have economic characteristics similar to such securities. Advisorshares Pure is traded on NYSEARCA Exchange in the United States.
Pair Trading with AdvisorShares Pure
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AdvisorShares Pure position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AdvisorShares Pure will appreciate offsetting losses from the drop in the long position's value.Moving together with AdvisorShares Etf
| 0.64 | ICLN | iShares Global Clean | PairCorr |
| 0.65 | QCLN | First Trust NASDAQ | PairCorr |
| 0.69 | BOTZ | Global X Robotics | PairCorr |
The ability to find closely correlated positions to AdvisorShares Pure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AdvisorShares Pure when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AdvisorShares Pure - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AdvisorShares Pure Cannabis to buy it.
The correlation of AdvisorShares Pure is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AdvisorShares Pure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AdvisorShares Pure moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AdvisorShares Pure can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of AdvisorShares Pure Correlation against competitors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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.