Canopy Growth Corp Stock Performance
| WEED Stock | CAD 12.15 0.29 2.45% |
Canopy Growth holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 3.05, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Canopy Growth will likely underperform. Use Canopy Growth total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Canopy Growth.
Risk-Adjusted Performance
10 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Canopy Growth Corp are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of very abnormal basic indicators, Canopy Growth displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:10 | Last Split Date 2023-12-20 |
1 | Canopy Growth CEO talks cannabis sales, regulation - Yahoo Finance | 02/09/2024 |
2 | CANOPY GROWTH TO HOLD SPECIAL MEETING OF SHAREHOLDERS - PR Newswire | 02/20/2024 |
3 | What is the Markets View on Canopy Growth Corp Stocks Price and Volume Trends Thursday - InvestorsObserver | 02/29/2024 |
4 | Will Canopy Growth Corp Lag the Rest of the Stocks in the Healthcare Sector - InvestorsObserver | 03/05/2024 |
5 | Marijuana Stocks News Canopy Growth Corp Pops on NASDAQ Plans - AOL | 03/18/2024 |
6 | Canopy Growths stock doubles to record weekly gain after German pot vote - MarketWatch | 03/22/2024 |
7 | Canopy Growth rally continues with 28 percent gain after recent talk about federal cannabis reforms - MarketWatch | 03/27/2024 |
8 | Canopy Growth Target of Unusually Large Options Trading - MarketBeat | 04/02/2024 |
9 | Canopy Growths U.S. Invasion Falls Flat with Shareholders - TipRanks.com - TipRanks | 04/15/2024 |
10 | Closing Bell Canopy Growth Corp up on Friday - The Globe and Mail | 04/19/2024 |
| Begin Period Cash Flow | 776 M | |
| Total Cashflows From Investing Activities | 433.4 M |
Canopy |
Canopy Growth Relative Risk vs. Return Landscape
If you would invest 639.00 in Canopy Growth Corp on January 30, 2024 and sell it today you would earn a total of 576.00 from holding Canopy Growth Corp or generate 90.14% return on investment over 90 days. Canopy Growth Corp is generating 1.695% of daily returns and assumes 12.8558% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than Canopy on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Canopy Growth Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canopy Growth's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canopy Growth Corp, and traders can use it to determine the average amount a Canopy Growth's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1318
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | WEED | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 12.86 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.7 actual daily | 33 67% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Canopy Growth is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canopy Growth by adding it to a well-diversified portfolio.
Canopy Growth Fundamentals Growth
Canopy Stock prices reflect investors' perceptions of the future prospects and financial health of Canopy Growth, and Canopy Growth fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Canopy Stock performance.
| Return On Equity | -1.22 | ||||
| Return On Asset | -0.0889 | ||||
| Operating Margin | (0.32) % | ||||
| Current Valuation | 1.61 B | ||||
| Shares Outstanding | 91.11 M | ||||
| Price To Book | 1.79 X | ||||
| Price To Sales | 2.69 X | ||||
| Revenue | 402.9 M | ||||
| Gross Profit | (81.94 M) | ||||
| EBITDA | (507.04 M) | ||||
| Net Income | (3.28 B) | ||||
| Cash And Equivalents | 214.55 M | ||||
| Cash Per Share | 5.54 X | ||||
| Total Debt | 556.89 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 8.18 X | ||||
| Book Value Per Share | 6.57 X | ||||
| Cash Flow From Operations | (557.55 M) | ||||
| Earnings Per Share | (21.30) X | ||||
| Market Capitalization | 1.11 B | ||||
| Total Asset | 2.44 B | ||||
| Retained Earnings | (7.61 B) | ||||
| Working Capital | 273.41 M | ||||
About Canopy Growth Performance
To evaluate Canopy Growth Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Canopy Growth generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Canopy Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Canopy Growth Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Canopy's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 554.04 | 526.34 | |
| Return On Tangible Assets | (0.34) | (0.36) | |
| Return On Capital Employed | (0.33) | (0.32) | |
| Return On Assets | (0.34) | (0.36) | |
| Return On Equity | (0.41) | (0.43) |
Things to note about Canopy Growth Corp performance evaluation
Checking the ongoing alerts about Canopy Growth for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canopy Growth Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canopy Growth Corp is way too risky over 90 days horizon | |
| Canopy Growth Corp appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 402.9 M. Net Loss for the year was (3.28 B) with loss before overhead, payroll, taxes, and interest of (81.94 M). | |
| Canopy Growth Corp has accumulated about 214.55 M in cash with (557.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.54. | |
| Latest headline from news.google.com: Closing Bell Canopy Growth Corp up on Friday - The Globe and Mail |
- Analyzing Canopy Growth's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Canopy Growth's stock is overvalued or undervalued compared to its peers.
- Examining Canopy Growth's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Canopy Growth's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canopy Growth's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canopy Growth's stock. These opinions can provide insight into Canopy Growth's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Canopy Stock analysis
When running Canopy Growth's price analysis, check to measure Canopy Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canopy Growth is operating at the current time. Most of Canopy Growth's value examination focuses on studying past and present price action to predict the probability of Canopy Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canopy Growth's price. Additionally, you may evaluate how the addition of Canopy Growth to your portfolios can decrease your overall portfolio volatility.
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