Tilray Stock Price Down 1.1 percent - Heres What Happened - MarketBeat
| TLRY Stock | CAD 1.73 0.05 2.81% |
About 62% of Tilray's investor base is looking to short. The analysis of overall sentiment of trading Tilray Inc stock suggests that many investors are alarmed at this time. Tilray's investing sentiment overview a quick insight into current market opportunities from investing in Tilray Inc. Many technical investors use Tilray Inc stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Tilray |
Tilray Stock Price Down 1.1 percent - Heres What Happened MarketBeat
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Tilray Fundamental Analysis
We analyze Tilray's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tilray using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tilray 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.
Beta
Beta Comparative Analysis
Tilray is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Tilray Inc 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 Tilray stock to make a market-neutral strategy. Peer analysis of Tilray could also be used in its relative valuation, which is a method of valuing Tilray by comparing valuation metrics with similar companies.
Peers
Tilray Related Equities
| ALA-PA | Altagas Cum | 0.10 | ||||
| RUDB | RBC Discount | 0.05 | ||||
| XHB | IShares Canadian | 0.05 | ||||
| HTAE | Harvest Tech | 1.61 | ||||
| XEG | IShares SPTSX | 1.71 |
Check out Tilray Hype Analysis, Tilray Correlation and Tilray Performance. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.