Canopy Growth Corp Stock Volatility Indicators Average True Range
| CGC Stock | USD 3.73 0.01 0.27% |
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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Canopy Growth Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Canopy Growth Technical Analysis Modules
Most technical analysis of Canopy Growth help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Canopy from various momentum indicators to cycle indicators. When you analyze Canopy charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Canopy Growth Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canopy Growth Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canopy Growth Corp based on widely used predictive technical indicators. In general, we focus on analyzing Canopy Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canopy Growth's daily price indicators and compare them against related drivers, such as volatility indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Canopy Growth's intrinsic value. In addition to deriving basic predictive indicators for Canopy Growth, we also check how macroeconomic factors affect Canopy Growth price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2020 | 2021 | 2022 | 2023 (projected) | Days Sales Outstanding | 61.72 | 47.84 | 37.41 | 63.69 | PTB Ratio | 42.95 | 10.33 | 10.7 | 1.13 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canopy Growth in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canopy Growth's short interest history, or implied volatility extrapolated from Canopy Growth options trading.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Driverless Cars Invested over 200 shares | |
 | Disruptive Technologies Invested few shares | |
 | Business Services Invested few shares | |
 | Warren Buffett Holdings Invested over 40 shares | |
 | Banking Invested over 20 shares | |
 | Artificial Intelligence Invested few shares | |
 | Sector ETFs Invested over 100 shares | |
 | Macroaxis Index Invested over 500 shares | |
| Information Technology ETFs Invested few shares | |
| Large Cap ETFs Invested over 90 shares | |
 | Dividend Beast Invested over 90 shares |
Check out Trending Equities 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 closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canopy Growth. If investors know Canopy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canopy Growth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.07) | Revenue Per Share 3.315 | Quarterly Revenue Growth (0.1) | Return On Assets (0.04) | Return On Equity (0.93) |
The market value of Canopy Growth Corp is measured differently than its book value, which is the value of Canopy that is recorded on the company's balance sheet. Investors also form their own opinion of Canopy Growth's value that differs from its market value or its book value, called intrinsic value, which is Canopy Growth'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 Canopy Growth's market value can be influenced by many factors that don't directly affect Canopy Growth'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 Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth'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.