Canopy Growth Corp Stock Performance
| CGC Stock | USD 8.97 0.06 0.66% |
Canopy Growth holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 3.46, 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 maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to analyze future returns on Canopy Growth.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
OK
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 rather unfluctuating technical and fundamental indicators, Canopy Growth exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 1.77 | Five Day Return 23.36 | Year To Date Return 91.86 | Ten Year Return (70.07) | All Time Return 153.17 |
Last Split Factor 1:10 | Last Split Date 2023-12-20 |
1 | Acquisition by Kruh Willy of 6673 shares of Canopy Growth subject to Rule 16b-3 | 02/15/2024 |
2 | Double Your Fun With New Weed Treats From Canopy, Tilray And Cannabist | 02/22/2024 |
3 | Whats Going On With Marijuana Producer Canopy Growth Stock | 03/20/2024 |
4 | CGC Stock What to Know Ahead of Canopy Growths Share Conversion Vote This Week | 04/08/2024 |
5 | Hope Springs Eternal Canadian Cannabis LPs Index Up 20 percent Last Week | 04/10/2024 |
6 | Canopy Growth Buy, Sell, or Hold | 04/15/2024 |
7 | The 3 Best Cannabis Stocks to Buy Now Q2 Edition | 04/17/2024 |
8 | Canopy Growth, Aurora climb amid SAFER Banking Act push | 04/18/2024 |
9 | Whats Going On With Canopy Growth Stock | 04/19/2024 |
10 | Minister MacAulay announces appointment of new Chief Commissioner of the Canadian Grain Commission | 04/23/2024 |
| Begin Period Cash Flow | 776 M |
Canopy |
Canopy Growth Relative Risk vs. Return Landscape
If you would invest 465.00 in Canopy Growth Corp on January 25, 2024 and sell it today you would earn a total of 438.00 from holding Canopy Growth Corp or generate 94.19% return on investment over 90 days. Canopy Growth Corp is generating 1.7297% of daily returns assuming volatility of 12.8122% on return distribution over 90 days investment horizon. In other words, majority of equities are less volatile than Canopy, and most equities are expected to generate higher returns over the next 90 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 = 0.135
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | CGC | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 12.81 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.73 actual daily | 34 66% of assets have higher returns |
Risk-Adjusted Return
| 0.14 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 | 1.22 B | ||||
| Shares Outstanding | 91.11 M | ||||
| Price To Earning | (20.08) X | ||||
| Price To Book | 1.79 X | ||||
| Price To Sales | 1.97 X | ||||
| Revenue | 402.9 M | ||||
| Gross Profit | (81.94 M) | ||||
| EBITDA | 1.75 B | ||||
| Net Income | (3.31 B) | ||||
| Cash And Equivalents | 1.23 B | ||||
| Cash Per Share | 2.94 X | ||||
| Total Debt | 1.31 B | ||||
| Debt To Equity | 0.95 % | ||||
| Current Ratio | 3.94 X | ||||
| Book Value Per Share | 6.57 X | ||||
| Cash Flow From Operations | (557.55 M) | ||||
| Earnings Per Share | (15.50) X | ||||
| Market Capitalization | 822.76 M | ||||
| Total Asset | 2.44 B | ||||
| Retained Earnings | (9.67 B) | ||||
| Working Capital | 273.41 M | ||||
| Current Asset | 1.21 B | ||||
| Current Liabilities | 111.3 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 | |
| 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 finance.yahoo.com: Minister MacAulay announces appointment of new Chief Commissioner of the Canadian Grain Commission |
- 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 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 tightly coupled with the direction of predictive economic indicators such as signals in price. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Global Correlations Find global opportunities by holding instruments from different markets |
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 (15.50) | 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.