Canopy Growth Corp Stock Alpha and Beta Analysis
| CGC Stock | USD 7.93 0.10 1.28% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Canopy Growth Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Canopy Growth over a specified time horizon. Remember, high Canopy Growth's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Canopy Growth's market risk premium analysis include:
Beta 2.98 | Alpha 1.19 | Risk 12.71 | Sharpe Ratio 0.13 | Expected Return 1.59 |
Enterprise Value |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Canopy |
Canopy Growth Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Canopy Growth market risk premium is the additional return an investor will receive from holding Canopy Growth long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canopy Growth. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Canopy Growth's performance over market.| α | 1.19 | β | 2.98 |
Canopy Growth expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Canopy Growth's Buy-and-hold return. Our buy-and-hold chart shows how Canopy Growth performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Canopy Growth Market Price Analysis
Market price analysis indicators help investors to evaluate how Canopy Growth stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canopy Growth shares will generate the highest return on investment. By understating and applying Canopy Growth stock market price indicators, traders can identify Canopy Growth position entry and exit signals to maximize returns.
Canopy Growth Return and Market Media
The median price of Canopy Growth for the period between Sat, Jan 20, 2024 and Fri, Apr 19, 2024 is 4.54 with a coefficient of variation of 43.44. The daily time series for the period is distributed with a sample standard deviation of 2.24, arithmetic mean of 5.15, and mean deviation of 1.83. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Acquisition by Kruh Willy of 6673 shares of Canopy Growth subject to Rule 16b-3 | 02/15/2024 |
2 | Huge Benefits For Medical Marijuana Patients, Opportunities For Innovation Research Industry Vets Weigh In On Germanys Cannabis Reform | 03/01/2024 |
3 | CANOPY GROWTH CELEBRATES PASSAGE OF CANNABIS LEGALIZATION IN GERMANY | 03/22/2024 |
4 | Do Options Traders Know Something About Canopy Growth Stock We Dont | 04/01/2024 |
5 | Aurora Cannabis And Canopy Growth Stocks Get Higher Whats Going On | 04/02/2024 |
6 | Why Canadian Marijuana Stocks Popped Today | 04/03/2024 |
7 | The 5 Biggest Buyers of Canopy Growth Stock | 04/04/2024 |
8 | Weekly Roundup on the Cannabis Sector Psychedelic Sector | 04/09/2024 |
9 | CGC Stock Is on Watch Amid Canopy USA Vote | 04/12/2024 |
10 | Canopy Is Cautiously Optimistic On Cannabis Rescheduling Following Major Step Toward Entry Into US THC Market | 04/15/2024 |
11 | Canopy Growth shares on track for its seventh day trading in the red | 04/16/2024 |
12 | Canopy Growth reduces debt by C100M through share conversion | 04/18/2024 |
About Canopy Growth Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Canopy or other stocks. Alpha measures the amount that position in Canopy Growth Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2020 | 2021 | 2022 | 2024 (projected) | Days Sales Outstanding | 61.72 | 67.65 | 85.14 | 101.96 | PTB Ratio | 42.89 | 10.34 | 10.7 | 18.15 |
Canopy Growth Upcoming Company Events
As portrayed in its financial statements, the presentation of Canopy Growth's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canopy Growth's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Canopy Growth's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Canopy Growth. Please utilize our Beneish M Score to check the likelihood of Canopy Growth's management manipulating its earnings.
| 9th of February 2024 Upcoming Quarterly Report | View | |
| 27th of June 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 27th of June 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Build Portfolio with Canopy Growth
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Canopy Growth Backtesting, Canopy Growth Valuation, Canopy Growth Correlation, Canopy Growth Hype Analysis, Canopy Growth Volatility, Canopy Growth History and analyze 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
Canopy Growth technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.