Canopy Growth Corp Stock Alpha and Beta Analysis
| CGC Stock | USD 1.50 0.12 7.41% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Canopy Growth Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Canopy Growth over a specified time horizon. Remember, high Canopy Growth's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Canopy Growth's market risk premium analysis include:
Beta 1.52 | Alpha (1.24) | Risk 6.05 | Sharpe Ratio (0.24) | Expected Return (1.43) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Canopy |
Canopy Growth Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Canopy Growth market risk premium is the additional return an investor will receive from holding Canopy Growth long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canopy Growth. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Canopy Growth's performance over market.| α | -1.24 | β | 1.52 |
Canopy Growth expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Canopy Growth's Buy-and-hold return. Our buy-and-hold chart shows how Canopy Growth performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Canopy Growth Market Price Analysis
Market price analysis indicators help investors to evaluate how Canopy Growth stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canopy Growth shares will generate the highest return on investment. By understating and applying Canopy Growth stock market price indicators, traders can identify Canopy Growth position entry and exit signals to maximize returns.
Canopy Growth Return and Market Media
The median price of Canopy Growth for the period between Thu, Nov 28, 2024 and Wed, Feb 26, 2025 is 2.74 with a coefficient of variation of 27.42. The daily time series for the period is distributed with a sample standard deviation of 0.74, arithmetic mean of 2.71, and mean deviation of 0.63. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Cannabis Retailer Tokyo Smoke Moves Forward After Major Restructuring | 12/02/2024 |
2 | Acquisition by Gedeon Christelle of 909375 shares of Canopy Growth subject to Rule 16b-3 | 12/06/2024 |
3 | Is Canopy Growth Corporation the Best Marijuana Stock to Buy According to Hedge Funds | 12/26/2024 |
4 | Here is What to Know Beyond Why Canopy Growth Corporation is a Trending Stock | 01/23/2025 |
5 | Canopy Growth Corporation Rises As Market Takes a Dip Key Facts | 01/24/2025 |
6 | Canopy Growth Stock Drops Amid Financial Concerns | 01/29/2025 |
7 | Canopy Growth Corporation Sees a More Significant Dip Than Broader Market Some Facts to Know | 02/03/2025 |
8 | Canopy Growth Reports Third Quarter Fiscal Year 2025 Financial Results | 02/07/2025 |
9 | Acquisition by Luc Mongeau of 50000 shares of Canopy Growth subject to Rule 16b-3 | 02/11/2025 |
10 | Investors Heavily Search Canopy Growth Corporation Here is What You Need to Know | 02/12/2025 |
11 | Canopy Growth Expands Deep Space Propulsion Beverage Lineup with Two New Flavours Rocket Root Beer and Charged Cream Soda | 02/13/2025 |
About Canopy Growth Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Canopy or other stocks. Alpha measures the amount that position in Canopy Growth Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2025 (projected) | Days Sales Outstanding | 47.84 | 62.02 | 63.69 | 258.63 | PTB Ratio | 1.03 | 1.45 | 1.52 | 29.89 |
Canopy Growth Upcoming Company Events
As portrayed in its financial statements, the presentation of Canopy Growth's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canopy Growth's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Canopy Growth's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Canopy Growth. Please utilize our Beneish M Score to check the likelihood of Canopy Growth's management manipulating its earnings.
| 9th of February 2024 Upcoming Quarterly Report | View | |
| 27th of June 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 27th of June 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Build Portfolio with Canopy Growth
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Align your risk with return expectations
Check out Canopy Growth Backtesting, Canopy Growth Valuation, Canopy Growth Correlation, Canopy Growth Hype Analysis, Canopy Growth Volatility, Canopy Growth History and analyze Canopy Growth Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Canopy Growth technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.