Roundhill Cannabis Etf Profile
| WEED Etf | USD 19.86 0.22 1.12% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Roundhill Cannabis is trading at 19.86 as of the 28th of November 2024, a 1.12 percent increase since the beginning of the trading day. The etf's lowest day price was 19.57. Roundhill 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 Roundhill Cannabis ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing primarily in exchange-listed equity securities and total return swaps intended to provide exposure to the cannabis and hemp ecosystem. Listed Funds is traded on BATS Exchange in the United States.. More on Roundhill Cannabis ETF
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Roundhill Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Miscellaneous Sector, Roundhill Financial (View all Sectors) |
| Issuer | Roundhill Investments |
| Inception Date | 2022-04-20 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 3.98 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Roundhill Financial Inc. |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Will Hershey, Timothy Maloney, Mario Stefanidis, Drew Walsh, Andrew Serowik, Todd Alberico, Gabriel Tan |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 31-Dec |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 18.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.4 |
| Management Fee | 0.39 |
| Country Name | USA |
| Returns Y T D | (34.93) |
| Name | Roundhill Cannabis ETF |
| Currency Code | USD |
| Open Figi | BBG016X6TTG3 |
| 1y Volatility | 61.93 |
| 200 Day M A | 33.2414 |
| 50 Day M A | 27.2503 |
| Code | WEED |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Roundhill Cannabis ETF [WEED] is traded in USA and was established 2022-04-19. The fund is listed under Miscellaneous Sector category and is part of Roundhill Financial family. The entity is thematically classified as Strategy ETFs. Roundhill Cannabis ETF at this time have 1.34 M in net assets. , while the total return for the last year was -31.2%.
Check Roundhill 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 Roundhill Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Roundhill 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 Roundhill 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.
Roundhill Cannabis ETF Currency Exposure
Roundhill 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 Roundhill 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 Roundhill Cannabis ETF.
Top Roundhill Cannabis ETF Etf Constituents
| NA | Nano Labs | Etf | Information Technology |
Roundhill Cannabis Top Holders
| WEED | Roundhill Cannabis ETF | Etf | Miscellaneous Sector | |
| CNBS | Amplify Seymour Cannabis | Etf | Miscellaneous Sector |
Roundhill 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 Roundhill 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.
| Mean Deviation | 3.26 | |||
| Standard Deviation | 5.82 | |||
| Variance | 33.88 | |||
| Risk Adjusted Performance | (0.05) |
Roundhill Cannabis ETF Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Roundhill Cannabis ETF Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Roundhill Cannabis price patterns.
Roundhill Cannabis Against Markets
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Roundhill 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 income. 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 Roundhill Cannabis ETF is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Roundhill 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 Roundhill Cannabis' market value can be influenced by many factors that don't directly affect Roundhill 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 Roundhill Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill 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.