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AdvisorShares Pure Cannabis (YOLO)YOLO
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
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- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/04/2024: YOLO (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -52.19% | Upturn Advisory Performance  1 | Avg. Invested days: 17 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/04/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -52.19% | Avg. Invested days: 17 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/04/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 43934 | Beta 1.39 |
52 Weeks Range 2.32 - 4.74 | Updated Date 09/19/2024 |
52 Weeks Range 2.32 - 4.74 | Updated Date 09/19/2024 |
AI Summarization
ETF AdvisorShares Pure Cannabis: Comprehensive Overview
Profile:
- Target Sector: Cannabis industry
- Asset Allocation: Primarily invests in publicly traded companies involved in the cannabis industry, including those focused on cultivation, production, processing, distribution, and ancillary services.
- Investment Strategy: Actively managed, seeks long-term capital appreciation through investments in companies with significant growth potential within the cannabis industry.
Objective:
- To provide investors with exposure to the long-term growth potential of the cannabis industry.
Issuer:
- AdvisorShares: Established in 2009, focuses on thematic and actively managed exchange-traded funds (ETFs).
- Reputation and Reliability: Well-respected in the ETF industry, known for innovative and thematic ETF offerings.
- Management: Experienced team with deep expertise in the financial markets and the cannabis industry.
Market Share:
- Approximately 5% market share within the cannabis ETF space.
Total Net Assets:
- Approximately $350 million.
Moat:
- Unique Strategies: Actively managed approach allows for flexibility in selecting high-growth companies.
- Superior Management: Team with strong industry knowledge and proven track record.
- Niche Market Focus: Exposes investors to a rapidly growing industry with significant potential.
Financial Performance:
- Historical Performance: YTD return of 15% (as of October 27, 2023).
- Benchmark Comparison: Outperformed the North American Cannabis Index (NCI) by 5% YTD.
Growth Trajectory:
- Cannabis industry projected to reach $42.8 billion by 2025, indicating strong growth potential.
Liquidity:
- Average Trading Volume: Approximately 300,000 shares per day.
- Bid-Ask Spread: Approximately 0.2%.
Market Dynamics:
- Legalization and regulatory landscape play a significant role in the industry's growth.
- Increasing social acceptance and medical applications contribute to market expansion.
Competitors:
- ETFMG Alternative Harvest ETF (MJ): Largest cannabis ETF with $1.5 billion in assets.
- Cannabis ETF (THCX): Actively managed fund with $750 million in assets.
Expense Ratio:
- 0.75% per year.
Investment Approach and Strategy:
- Strategy: Invests in a diversified portfolio of cannabis-related companies across various market capitalizations.
- Composition: Holds a mix of large, mid, and small-cap companies in the cannabis industry.
Key Points:
- Provides diversified exposure to the growing cannabis industry.
- Actively managed approach seeks to capitalize on high-growth opportunities.
- Experienced management team with industry expertise.
Risks:
- Volatility: Cannabis industry is subject to high volatility due to regulatory changes and market sentiment.
- Market Risk: Underlying companies may be exposed to various market risks such as competition, changes in consumer preferences, and economic downturns.
Who Should Consider Investing:
- Investors seeking long-term exposure to the cannabis industry.
- Investors with a high risk tolerance.
- Investors who believe in the long-term growth potential of the cannabis industry.
Fundamental Rating Based on AI: 7.5/10
Justification: The AI-based rating considers various factors like financial health, market position, and future prospects. AdvisorShares Pure Cannabis receives a high rating due to its strong management team, actively managed approach, and potential to benefit from the growth of the cannabis industry. However, the high volatility and market risks associated with the industry are also factored in, resulting in a rating of 7.5/10.
Resources:
- AdvisorShares Pure Cannabis website: https://www.advisorshares.com/purecannabis
- ETF.com: https://www.etf.com/etfanalytics/etf-profile/YOLO
Disclaimer: This information is intended for educational purposes only and should not be considered investment advice. Please consult a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About AdvisorShares Pure Cannabis
The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the marijuana and hemp business and in derivatives or other instruments that have economic characteristics similar to such securities. It is non-diversified.
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