Canopy Growth Corporation Stock Declines Amid Financial Re - GuruFocus.com
| 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.
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Canopy Growth Corporation Stock Declines Amid Financial Re GuruFocus.com
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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.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.