Canopy Growth Corp Stock Momentum Indicators Commodity Channel Index
| CGC Stock | USD 2.78 0.06 2.11% |
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Illegal number of arguments. The output start index for this execution was zero with a total number of output elements of zero. The Commodity Channel Index (CCI) is designed to detect Canopy Growth beginning and ending market trends using 100 to -100 scale. CCI values outside of this range indicate overbought or oversold conditions. If the price of Canopy Growth Corp is making new highs, and the CCI is not, then a price correction is likely to happen soon.
Canopy Growth Technical Analysis Modules
Most technical analysis of Canopy Growth help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Canopy from various momentum indicators to cycle indicators. When you analyze Canopy charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Canopy Growth Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canopy Growth Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canopy Growth Corp based on widely used predictive technical indicators. In general, we focus on analyzing Canopy Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canopy Growth's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Canopy Growth's intrinsic value. In addition to deriving basic predictive indicators for Canopy Growth, we also check how macroeconomic factors affect Canopy Growth price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2020 | 2021 | 2022 | 2023 (projected) | Days Sales Outstanding | 61.72 | 47.84 | 62.02 | 63.69 | PTB Ratio | 4.31 | 1.03 | 1.45 | 1.52 |
Align your values with your investing style
In addition to having Canopy Growth in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Thematic Opportunities
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Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | FinTech Invested over 40 shares | |
 | Momentum Invested over 50 shares | |
 | Power Assets Invested over 200 shares | |
 | Hedge Favorites Invested over 50 shares | |
 | Warren Buffett Holdings Invested few shares | |
 | Baby Boomer Prospects Invested over 40 shares | |
 | Social Domain Invested few shares | |
 | Impulse Invested few shares | |
 | Macroaxis Index Invested few shares | |
 | Millennials Best Invested few shares | |
 | Trump Equities Invested few shares | |
 | Investing Invested few shares | |
Check out Trending Equities 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 price. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canopy Growth. If investors know Canopy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canopy Growth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.95) | Revenue Per Share 3.315 | Quarterly Revenue Growth (0.1) | Return On Assets (0.04) | Return On Equity (0.93) |
The market value of Canopy Growth Corp is measured differently than its book value, which is the value of Canopy that is recorded on the company's balance sheet. Investors also form their own opinion of Canopy Growth's value that differs from its market value or its book value, called intrinsic value, which is Canopy Growth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canopy Growth's market value can be influenced by many factors that don't directly affect Canopy Growth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.