AdvisorShares Pure Financial Statements From 2010 to 2024
| MSOS Etf | USD 4.67 0.09 1.97% |
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 | 1.51 |
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 1.51. 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 shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although AdvisorShares Pure investors may analyze each financial statement separately, they are all interrelated. The changes in AdvisorShares Pure's assets and liabilities, for example, are also reflected in the revenues and expenses on on AdvisorShares Pure's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund is an actively managed ETF 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 in the United States and in derivatives that have economic characteristics similar to such securities. Advisorshares Pure is traded on NYSEARCA Exchange in the United States.
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Check out the analysis of AdvisorShares Pure Correlation against competitors. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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.