Canopy Growth Corp Stock Probability of Future Stock Price Finishing Over 4.35
| CGC Stock | USD 11.15 0.29 2.53% |
Closest to current price Canopy long CALL Option Payoff at Expiration
Canopy |
Canopy Growth Target Price Odds to finish over 4.35
The tendency of Canopy Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 4.35 in 90 days |
| 11.15 | 90 days | 4.35 | about 69.47 |
Based on a normal probability distribution, the odds of Canopy Growth to stay above $ 4.35 in 90 days from now is about 69.47 (This Canopy Growth Corp probability density function shows the probability of Canopy Stock to fall within a particular range of prices over 90 days) . Probability of Canopy Growth Corp price to stay between $ 4.35 and its current price of $11.15 at the end of the 90-day period is about 67.19 .
Considering the 90-day investment horizon Canopy Growth Corp has a beta of -0.48 suggesting as returns on the benchmark increase, returns on holding Canopy Growth are expected to decrease at a much lower rate. During a bear market, however, Canopy Growth Corp is likely to outperform the market. In addition to that Canopy Growth Corp has an alpha of 2.7695, implying that it can generate a 2.77 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Canopy Growth Price Density |
| Price |
Predictive Modules for Canopy Growth
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canopy Growth Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canopy Growth's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canopy Growth Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canopy Growth is not an exception. The market had few large corrections towards the Canopy Growth's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Canopy Growth Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canopy Growth within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 2.77 | |
β | Beta against NYSE Composite | -0.48 | |
σ | Overall volatility | 2.71 | |
Ir | Information ratio | 0.17 |
Canopy Growth Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Canopy Growth for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canopy Growth Corp can help investors quickly react to important events or material 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 | |
| Canopy Growth Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the last year's revenue of 402.9 M. Reported Net Loss for the year was (3.31 B) with loss before taxes, overhead, and interest of (81.94 M). | |
| Canopy Growth Corp has about 1.23 B in cash with (557.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.94. | |
| Canopy Growth Corp has a frail financial position based on the latest SEC disclosures | |
| Latest headline from investorplace.com: Cannabis Stocks Surge as Biden Moves to Reclassify Marijuana ASAP |
Canopy Growth Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Canopy Stock often depends not only on the future outlook of the current and potential Canopy Growth's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Canopy Growth's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 463.7 M | |
| Cash And Short Term Investments | 782.6 M |
Canopy Growth Technical Analysis
Canopy Growth's future price can be derived by breaking down and analyzing its technical indicators over time. Canopy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canopy Growth Corp. In general, you should focus on analyzing Canopy Stock price patterns and their correlations with different microeconomic environments and drivers.
Canopy Growth Predictive Forecast Models
Canopy Growth's time-series forecasting models is one of many Canopy Growth's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Canopy Growth's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Canopy Growth Corp
Checking the ongoing alerts about Canopy Growth for important developments is a great way to find new opportunities for your next move. Our 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 | |
| Canopy Growth Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the last year's revenue of 402.9 M. Reported Net Loss for the year was (3.31 B) with loss before taxes, overhead, and interest of (81.94 M). | |
| Canopy Growth Corp has about 1.23 B in cash with (557.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.94. | |
| Canopy Growth Corp has a frail financial position based on the latest SEC disclosures | |
| Latest headline from investorplace.com: Cannabis Stocks Surge as Biden Moves to Reclassify Marijuana ASAP |
Check out Canopy Growth Backtesting, Canopy Growth Valuation, Canopy Growth Correlation, Canopy Growth Hype Analysis, Canopy Growth Volatility, Canopy Growth History as well as Canopy Growth Performance. Note that the Canopy Growth Corp information on this page should be used as a complementary analysis to other Canopy Growth's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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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Is Canopy Growth's industry 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 (15.60) | Revenue Per Share 5.589 | Quarterly Revenue Growth (0.07) | Return On Assets (0.09) | Return On Equity (1.22) |
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.