Cambria Cannabis Etf Profile
| TOKE Etf | USD 5.56 0.05 0.91% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Cambria Cannabis is trading at 5.56 as of the 30th of November 2024, a 0.91 percent increase since the beginning of the trading day. The etf's lowest day price was 5.51. Cambria Cannabis 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 Cambria Cannabis ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
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. More on Cambria Cannabis ETF
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Cambria Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Miscellaneous Sector, CAMBRIA ETF TRUST (View all Sectors) |
| Issuer | Cambria |
| Inception Date | 2019-07-25 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 15.75 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | ALPS Fund Services, Inc. |
| Advisor | Cambria Investment Management, L.P. |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Mebane T. Faber |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 30-Sep |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 75.0 |
| Market Maker | GTS |
| Total Expense | 0.59 |
| Management Fee | 0.59 |
| Country Name | USA |
| Returns Y T D | (2.21) |
| Name | Cambria Cannabis ETF |
| Currency Code | USD |
| Open Figi | BBG00PQ6XX30 |
| In Threey Volatility | 25.68 |
| 1y Volatility | 22.5 |
| 200 Day M A | 5.9741 |
| 50 Day M A | 5.8377 |
| Code | TOKE |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.96) |
| Type | ETF |
Cambria Cannabis ETF [TOKE] is traded in USA and was established 2019-07-25. The fund is listed under Miscellaneous Sector category and is part of CAMBRIA ETF TRUST family. The entity is thematically classified as Strategy ETFs. Cambria Cannabis ETF at this time have 12.41 M in assets. , while the total return for the last 3 years was -22.5%.
Check Cambria Cannabis Probability Of Bankruptcy
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 Cambria Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Cambria 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 Cambria Cannabis ETF 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.
Cambria Cannabis ETF Currency Exposure
Cambria Cannabis ETF 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 Cambria Cannabis 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 Cambria Cannabis ETF.
Top Cambria Cannabis ETF Etf Constituents
| GNLN | Greenlane Holdings | Stock | Consumer Discretionary | |
| GRWG | GrowGeneration Corp | Stock | Consumer Discretionary | |
| IIPR | Innovative Industrial Properties | Stock | Real Estate | |
| JAZZ | Jazz Pharmaceuticals PLC | Stock | Health Care | |
| MO | Altria Group | Stock | Consumer Staples | |
| PM | Philip Morris International | Stock | Consumer Staples | |
| SMG | Scotts Miracle Gro | Stock | Materials | |
| STZ | Constellation Brands Class | Stock | Consumer Staples |
Cambria Cannabis ETF 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 Cambria Cannabis. 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 | 0.0054 | |||
| Jensen Alpha | 0.1211 | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.0129 |
Cambria Cannabis Against Markets
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.