Canopy Growth Corp Stock Performance
| WEED Stock | CAD 4.07 0.31 7.08% |
The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canopy Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canopy Growth is expected to be smaller as well. At this point, Canopy Growth Corp has a negative expected return of -0.56%. Please make sure to confirm Canopy Growth's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Canopy Growth Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Canopy Growth Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in January 2025. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
Last Split Factor 1:10 | Last Split Date 2023-12-20 |
1 | Canopy Growth Announces Results of Annual General Meeting - Quantisnow | 09/25/2024 |
2 | Canopy Growth Corporation Increases Despite Market Slip Heres What You Need to Know - Yahoo Finance | 10/23/2024 |
3 | Canopy Growth Stock Dives Amid Financial Struggles and Ind - GuruFocus.com | 11/13/2024 |
4 | Canopy Growth registers common shares for resale - Investing.com | 12/10/2024 |
| Begin Period Cash Flow | 677 M | |
| Free Cash Flow | -285.9 M |
Canopy |
Canopy Growth Relative Risk vs. Return Landscape
If you would invest 635.00 in Canopy Growth Corp on September 20, 2024 and sell it today you would lose (228.00) from holding Canopy Growth Corp or give up 35.91% of portfolio value over 90 days. Canopy Growth Corp is generating negative expected returns and assumes 5.1103% volatility on return distribution over the 90 days horizon. Simply put, 45% of stocks are less volatile than Canopy, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Canopy Growth Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canopy Growth's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canopy Growth Corp, and traders can use it to determine the average amount a Canopy Growth's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1097
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| Negative Returns | WEED |
Estimated Market Risk
| 5.11 actual daily | 45 55% of assets are more volatile |
Expected Return
| -0.56 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canopy Growth is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canopy Growth by adding Canopy Growth to a well-diversified portfolio.
Canopy Growth Fundamentals Growth
Canopy Stock prices reflect investors' perceptions of the future prospects and financial health of Canopy Growth, and Canopy Growth fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Canopy Stock performance.
| Return On Equity | -0.93 | ||||
| Return On Asset | -0.0439 | ||||
| Profit Margin | (2.01) % | ||||
| Operating Margin | (0.34) % | ||||
| Current Valuation | 880.44 M | ||||
| Shares Outstanding | 122.39 M | ||||
| Price To Book | 0.98 X | ||||
| Price To Sales | 2.16 X | ||||
| Revenue | 297.15 M | ||||
| Gross Profit | (81.94 M) | ||||
| EBITDA | (312.83 M) | ||||
| Net Income | (483.68 M) | ||||
| Cash And Equivalents | 214.55 M | ||||
| Cash Per Share | 5.54 X | ||||
| Total Debt | 668 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 8.18 X | ||||
| Book Value Per Share | 5.43 X | ||||
| Cash Flow From Operations | (281.95 M) | ||||
| Earnings Per Share | (7.11) X | ||||
| Market Capitalization | 605.03 M | ||||
| Total Asset | 1.3 B | ||||
| Retained Earnings | (10.33 B) | ||||
| Working Capital | 136.47 M | ||||
About Canopy Growth Performance
By examining Canopy Growth's fundamental ratios, stakeholders can obtain critical insights into Canopy Growth's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Canopy Growth is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 129.86 | 554.04 | |
| Return On Tangible Assets | (0.57) | (0.34) | |
| Return On Capital Employed | (0.21) | (0.33) | |
| Return On Assets | (0.51) | (0.34) | |
| Return On Equity | (1.31) | (0.41) |
Things to note about Canopy Growth Corp performance evaluation
Checking the ongoing alerts about Canopy Growth for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canopy Growth Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canopy Growth Corp generated a negative expected return over the last 90 days | |
| Canopy Growth Corp has high historical volatility and very poor performance | |
| Canopy Growth Corp has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 297.15 M. Net Loss for the year was (483.68 M) with loss before overhead, payroll, taxes, and interest of (81.94 M). | |
| Canopy Growth Corp has accumulated about 214.55 M in cash with (281.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.54, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Canopy Growth registers common shares for resale - Investing.com |
- Analyzing Canopy Growth's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Canopy Growth's stock is overvalued or undervalued compared to its peers.
- Examining Canopy Growth's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Canopy Growth's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canopy Growth's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canopy Growth's stock. These opinions can provide insight into Canopy Growth's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.