Canopy Growth Corporation filed SEC Form 8-K Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits - Quantisnow
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 |
Canopy Growth Corporation filed SEC Form 8-K Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits Quantisnow
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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.
Return On Equity
Return On Equity Comparative Analysis
Canopy Growth is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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 Transaction History module to view history of all your transactions and understand their impact on performance.