Cambria Cannabis Etf Profile
| TOKE Etf | USD 5.95 0.01 0.17% |
Performance3 of 100
| Odds Of DistressLess than 9
|
Cambria Cannabis is trading at 5.95 as of the 19th of April 2024, a -0.17% down since the beginning of the trading day. The etf's lowest day price was 5.94. Cambria Cannabis has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during 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 20th of March 2024 and ending today, the 19th of April 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
Moving against Cambria Etf
| 0.5 | QCLN | First Trust NASDAQ | PairCorr |
| 0.46 | ACES | ALPS Clean Energy | PairCorr |
Cambria Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cambria Cannabis' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cambria Cannabis or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| 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 | 9.78 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 | 40.0 |
| Market Maker | GTS |
| Total Expense | 0.59 |
| Management Fee | 0.59 |
| Country Name | USA |
| Returns Y T D | 3.36 |
| Name | Cambria Cannabis ETF |
| Currency Code | USD |
| Open Figi | BBG00PQ6XX30 |
| In Threey Volatility | 25.24 |
| 1y Volatility | 24.3 |
| 200 Day M A | 5.8106 |
| 50 Day M A | 5.9487 |
| Code | TOKE |
| Updated At | 19th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (1.39) |
| 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 -29.7%.
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 |
Cambria Cannabis Target Price Odds Analysis
What are Cambria Cannabis' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Cambria Cannabis jumping above the current price in 90 days from now is about 40.13%. The Cambria Cannabis ETF probability density function shows the probability of Cambria Cannabis etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Cambria Cannabis has a beta of 0.3642. This usually implies as returns on the market go up, Cambria Cannabis average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cambria Cannabis ETF will be expected to be much smaller as well. Additionally, cambria Cannabis ETF has an alpha of 0.0548, implying that it can generate a 0.0548 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Cambria Cannabis to move above the current price in 90 days from now is about 40.13 (This Cambria Cannabis ETF probability density function shows the probability of Cambria Etf to fall within a particular range of prices over 90 days) .
Cambria Cannabis ETF Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Cambria Cannabis market risk premium is the additional return an investor will receive from holding Cambria Cannabis long position in a well-diversified portfolio. 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. Although Cambria Cannabis' alpha and beta are two of the key measurements used to evaluate Cambria Cannabis' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0363 | |||
| Jensen Alpha | 0.0548 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0105 |
Cambria Cannabis Against Markets
Picking the right benchmark for Cambria Cannabis etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cambria Cannabis etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cambria Cannabis is critical whether you are bullish or bearish towards Cambria Cannabis ETF at a given time. Please also check how Cambria Cannabis' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cambria Cannabis without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Stock Tickers Now
Stock TickersUse high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |
| All Next | Launch Module |
How to buy Cambria Etf?
Before investing in Cambria Cannabis, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cambria Cannabis. To buy Cambria Cannabis etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cambria Cannabis. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cambria Cannabis etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cambria Cannabis ETF etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cambria Cannabis ETF etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Cambria Cannabis ETF, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cambria Etf please use our How to Invest in Cambria Cannabis guide.
Already Invested in Cambria Cannabis ETF?
The danger of trading Cambria Cannabis ETF is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cambria Cannabis is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cambria Cannabis. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cambria Cannabis ETF is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cambria Cannabis ETF is a strong investment it is important to analyze Cambria Cannabis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cambria Cannabis' future performance. For an informed investment choice regarding Cambria Etf, refer to the following important reports: 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 tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.