Canopy Growth and Acreage Confirm Canopy USAs Completed Acquisition of Acreage
| CGC Stock | USD 2.66 0.21 7.32% |
About 62% of Canopy Growth's investor base is looking to short. The analysis of overall sentiment of trading Canopy Growth Corp stock suggests that many investors are alarmed at this time. The current market sentiment, together with Canopy Growth's historical and current headlines, can help investors time the market. In addition, many technical investors use Canopy Growth Corp stock news signals to limit their universe of possible portfolio assets.
Canopy |
Canopy Growth Corporation and Acreage Holdings, Inc. today confirmed that Canopy USA, LLC has completed its acquisition of Acreage. Canopy USA now owns 100 percent of the issued and outstanding shares of Acreage.
Read at finance.yahoo.com
 |
Canopy Growth Fundamental Analysis
We analyze Canopy Growth's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canopy Growth using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canopy Growth based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Canopy Growth is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Canopy Growth Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Canopy Growth stock to make a market-neutral strategy. Peer analysis of Canopy Growth could also be used in its relative valuation, which is a method of valuing Canopy Growth by comparing valuation metrics with similar companies.
Peers
Canopy Growth Related Equities
| ALVO | Alvotech | 1.15 | ||||
| NODK | NI Holdings | 0.07 | ||||
| RDNT | RadNet | 0.25 | ||||
| UVE | Universal Insurance | 0.56 | ||||
| APGE | Apogee Therapeutics, | 0.73 | ||||
| GNFT | Genfit | 1.61 | ||||
| CCG | Cheche Group | 4.35 |
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.
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |