Amplify Seymour Cannabis Etf Profile
| CNBS Etf | USD 3.36 0.05 1.51% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Amplify Seymour is selling for under 3.36 as of the 28th of November 2024; that is 1.51 percent increase since the beginning of the trading day. The etf's lowest day price was 3.29. Amplify Seymour has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Amplify Seymour Cannabis are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
The fund will invest at least 80 percent of its net assets in the securities of companies that derive 50 percent or more of their revenue from the cannabis and hemp ecosystem and in derivatives that have economic characteristics similar to such securities. More on Amplify Seymour Cannabis
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Amplify Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Miscellaneous Sector, Amplify ETFs (View all Sectors) |
| Issuer | Amplify |
| Inception Date | 2019-07-23 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 20.81 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Amplify Investments LLC |
| Custodian | Cowen Execution Services, LLC |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Timothy J. Seymour, Dustin Lewellyn, Ernesto Tong, Anand Desai |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 46.0 |
| Market Maker | Jane Street |
| Total Expense | 1.45 |
| Management Fee | 0.65 |
| Country Name | USA |
| Returns Y T D | (22.42) |
| Name | Amplify Seymour Cannabis ETF |
| Currency Code | USD |
| Open Figi | BBG00PSSPB28 |
| In Threey Volatility | 46.33 |
| 1y Volatility | 45.61 |
| 200 Day M A | 4.6747 |
| 50 Day M A | 4.1265 |
| Code | CNBS |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.84) |
| Type | ETF |
Amplify Seymour Cannabis [CNBS] is traded in USA and was established 2019-07-15. The fund is listed under Miscellaneous Sector category and is part of Amplify ETFs family. The entity is thematically classified as Strategy ETFs. Amplify Seymour Cannabis currently have 36.2 M in assets under management (AUM). , while the total return for the last 3 years was -41.5%.
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Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Amplify Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Amplify Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Amplify Seymour Cannabis Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Amplify Seymour Cannabis Currency Exposure
Amplify Seymour Cannabis holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Amplify Seymour will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Amplify Seymour Cannabis.
Top Amplify Seymour Cannabis Etf Constituents
| AFCG | AFC Gamma | Stock | Financials | |
| CARA | Cara Therapeutic | Stock | Health Care | |
| GRWG | GrowGeneration Corp | Stock | Consumer Discretionary | |
| HYFM | Hydrofarm Holdings Group | Stock | Industrials | |
| IIPR | Innovative Industrial Properties | Stock | Real Estate | |
| JAZZ | Jazz Pharmaceuticals PLC | Stock | Health Care | |
| MAPS | WM Technology | Stock | Information Technology | |
| PKI | PerkinElmer | Stock | Health Care |
Amplify Seymour Cannabis Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Amplify Seymour. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | 0.2264 |
Amplify Seymour Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amplify Seymour Cannabis. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
The market value of Amplify Seymour Cannabis is measured differently than its book value, which is the value of Amplify that is recorded on the company's balance sheet. Investors also form their own opinion of Amplify Seymour's value that differs from its market value or its book value, called intrinsic value, which is Amplify Seymour'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 Amplify Seymour's market value can be influenced by many factors that don't directly affect Amplify Seymour'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 Amplify Seymour's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify Seymour is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify Seymour'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.