Canopy Growth Stock Forecast - Market Facilitation Index
| CGC Stock | USD 4.15 0.25 6.41% |
Canopy Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Canopy Growth stock prices and determine the direction of Canopy Growth Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Canopy Growth's historical fundamentals, such as revenue growth or operating cash flow patterns.
Canopy |
| Check Canopy Growth Volatility | Backtest Canopy Growth | Information Ratio |
Canopy Growth Trading Date Momentum
| On November 25 2024 Canopy Growth Corp was traded for 4.15 at the closing time. Highest Canopy Growth's price during the trading hours was 4.25 and the lowest price during the day was 3.91 . The net volume was 5 M. The overall trading history on the 25th of November did not affect price variability. The overall trading delta to current price is 5.78% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
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Other Forecasting Options for Canopy Growth
For every potential investor in Canopy, whether a beginner or expert, Canopy Growth's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Canopy Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Canopy. Basic forecasting techniques help filter out the noise by identifying Canopy Growth's price trends.Canopy Growth Related Equities
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.
| Risk & Return | Correlation |
Canopy Growth Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Canopy Growth's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Canopy Growth's current price.| Cycle Indicators | ||
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Canopy Growth Market Strength Events
Market strength 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 undertsting and applying Canopy Growth stock market strength indicators, traders can identify Canopy Growth Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 400095.0 | |||
| Daily Balance Of Power | 0.7353 | |||
| Rate Of Daily Change | 1.06 | |||
| Day Median Price | 4.08 | |||
| Day Typical Price | 4.1 | |||
| Price Action Indicator | 0.2 | |||
| Period Momentum Indicator | 0.25 |
Canopy Growth Risk Indicators
The analysis of Canopy Growth's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Canopy Growth's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canopy stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.46 | |||
| Standard Deviation | 5.12 | |||
| Variance | 26.19 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:Check out Historical Fundamental Analysis of Canopy Growth to cross-verify your projections. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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 (5.09) | 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.