Sale by David Lazzarato of 3713 shares of Canopy Growth
| WEED Stock | CAD 4.07 0.31 7.08% |
About 61% 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. Canopy Growth's investing sentiment overview a quick insight into current market opportunities from investing in Canopy Growth Corp. Many technical investors use Canopy Growth Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Canopy |
Filed transaction by Canopy Growth Corp director. General open market or private sale of non-derivative or derivative security
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Cash Flow Correlation
Canopy Growth's cash-flow correlation analysis can be used to evaluate the unsystematic risk during the given period. It also helps investors identify the Canopy Growth's relationships between the major components of the statement of changes in financial position and other commonly used cash-related accounts. When such correlations are discovered, they may help managers and analysts to enhance performance or determine appealing investment opportunities.Click cells to compare fundamentals
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.
Beta
Beta Comparative Analysis
Canopy Growth is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
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
| RUDB | RBC Discount | 0.96 | ||||
| ALA-PA | Altagas Cum | 0.51 | ||||
| XHB | IShares Canadian | 0.30 | ||||
| XEG | IShares SPTSX | 1.78 | ||||
| HTAE | Harvest Tech | 3.97 |
Check out Canopy Growth Hype Analysis, Canopy Growth Correlation and Canopy Growth Performance. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.