Canopy Growth Corp Stock Technical Analysis
| WEED Stock | CAD 1.54 -0.01 -0.65% |
As of the 10th of May, Canopy Growth shows a last price of 1.54 per share. Technical statistics register Risk Adjusted Performance of 0.0164, mean deviation of 3.08, and Downside Deviation of 3.67. The framework examines statistical deviation from historical norms. Sector-level comparisons provide context for current pricing behavior.
Canopy Growth Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canopy Growth, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Canopy GrowthCanopy Growth |
What-If Analysis
Historical what-if analysis for Canopy Growth Corp is useful because it converts abstract timing questions into a structured review of past performance under changing entry and holding periods. The analytical value is perspective: it shows whether the thesis would have remained investable across different historical windows or depended too heavily on one favorable stretch.
| 02/09/2026 |
| 05/10/2026 |
Allocating 0.00 to Canopy Growth on February 9, 2026 and holding to today would generate 0.00 in net gains. Overall, this is a 0.0% return on investment in Canopy Growth in total over 90 days. Canopy Growth is related to or competes with Cipher Pharmaceuticals, OrganiGram Holdings, TerrAscend Corp, Aurora Cannabis, Spectral Med, High Tide, and Fennec Pharmaceuticals. Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis... More
Canopy Growth Upside and Downside Indicators Snapshot
Momentum range indicators for Canopy Growth reflect the balance between upside and downside price pressure. Readings near range extremes can signal stretched momentum conditions.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.0071 | |||
| Maximum Drawdown | 33.85 | |||
| Value At Risk | -5.19 | |||
| Potential Upside | 7.25 |
Market Risk Indicators for Canopy Growth Summary
The risk context for Canopy Growth is expressed through volatility and drawdown-related metrics. Value-at-risk estimates translate volatility into a probability-weighted loss threshold for a given confidence level.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | 0.0344 | |||
| Total Risk Alpha | 0.0401 | |||
| Sortino Ratio | 0.0087 | |||
| Treynor Ratio | 0.0144 |
Mean reversion is the tendency of Canopy Growth's price to return to its historical average after periods of extreme deviation. Some analysts monitor this tendency by comparing Canopy Growth's price extremes to fundamental value. Applying mean reversion analysis to Canopy Growth's requires identifying the appropriate reference point for comparison.
Technical Indicators
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0164 | |||
| Market Risk Adjusted Performance | 0.0244 | |||
| Mean Deviation | 3.08 | |||
| Semi Deviation | 3.43 | |||
| Downside Deviation | 3.67 | |||
| Coefficient Of Variation | 11359.23 | |||
| Standard Deviation | 4.54 | |||
| Variance | 20.61 | |||
| Information Ratio | 0.0071 | |||
| Jensen Alpha | 0.0344 | |||
| Total Risk Alpha | 0.0401 | |||
| Sortino Ratio | 0.0087 | |||
| Treynor Ratio | 0.0144 | |||
| Maximum Drawdown | 33.85 | |||
| Value At Risk | -5.19 | |||
| Potential Upside | 7.25 | |||
| Downside Variance | 13.47 | |||
| Semi Variance | 11.74 | |||
| Expected Short fall | -4.11 | |||
| Skewness | 1.48 | |||
| Kurtosis | 6.89 |
Canopy Growth Corp Backtested Returns
Canopy Growth signals a dangerously high risk exposure over the evaluated period. It maintains a Sharpe Ratio of 0.0307, illustrating dispersion-adjusted performance. We identified twenty-nine technical indicators influencing the company's volatility profile. Please assess metrics such as risk-adjusted performance of 0.0164, mean deviation of 3.08, and Downside Deviation of 3.67 to analyze downside dispersion. Canopy Growth has a performance score of 2 on a scale of 0 to 100. The company shows a Beta (Market Sensitivity) of 2.09, which attests to elevated sensitivity to broad market movements. Canopy Growth tends to amplify market moves - gaining more in rallies but giving back more during declines. Canopy Growth Corp today shows a risk of 4.56%.
Auto-correlation | -0.27 |
Weak reverse predictability
The autocorrelation profile for Canopy Growth Corp registers weak reverse predictability between the two measured intervals. When lagged price patterns show consistency, they can serve as a partial input for modeling Canopy Growth Corp's near-term price behavior. A serial correlation of -0.27 indicates that nearly 27.0% of current Canopy Growth price fluctuations can be explained by its historical price movements. Given that Canopy Growth Corp has negative autocorrelation for the selected time horizon, market participants may evaluate potential contrarian price behavior over comparable future intervals.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
This technical analysis module for Canopy Growth is structured around price and volume data. It is based on recorded price and volume patterns over time.
Technical Analysis
This analysis covers twenty-five data points across the selected time horizon. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Canopy Growth Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Technical Analysis Methodology & Indicators
Technical analysis of Canopy Growth evaluates price structure, momentum, and volatility clustering. Price channels can reflect persistent trading behavior over rolling windows. Canopy Growth has a market cap of 682.6 million, ROE of -48.5%.
Canopy Growth Corp data is compiled from periodic company reporting and market reference feeds and standardized for comparability.
Editorial review and methodology oversight provided by: Raphi Shpitalnik, Junior Member of Macroaxis Editorial Board
Technical Indicators
Technical indicators tied to Canopy Growth Corp help investors translate chart behavior into a more structured framework for entry, exit, and risk control. The practical goal is to improve execution quality rather than to suggest that charts alone can predict every move.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0164 | |||
| Market Risk Adjusted Performance | 0.0244 | |||
| Mean Deviation | 3.08 | |||
| Semi Deviation | 3.43 | |||
| Downside Deviation | 3.67 | |||
| Coefficient Of Variation | 11359.23 | |||
| Standard Deviation | 4.54 | |||
| Variance | 20.61 | |||
| Information Ratio | 0.0071 | |||
| Jensen Alpha | 0.0344 | |||
| Total Risk Alpha | 0.0401 | |||
| Sortino Ratio | 0.0087 | |||
| Treynor Ratio | 0.0144 | |||
| Maximum Drawdown | 33.85 | |||
| Value At Risk | -5.19 | |||
| Potential Upside | 7.25 | |||
| Downside Variance | 13.47 | |||
| Semi Variance | 11.74 | |||
| Expected Short fall | -4.11 | |||
| Skewness | 1.48 | |||
| Kurtosis | 6.89 |
May 10, 2026 Daily Trend Indicators
Technical indicators tied to Canopy Growth Corp help investors translate chart behavior into a more structured framework for entry, exit, and risk control. The practical goal is to improve execution quality rather than to suggest that charts alone can predict every move.
| Accumulation Distribution | 0.02 | ||
| Daily Balance Of Power | -0.33 | ||
| Rate Of Daily Change | 0.99 | ||
| Day Median Price | 1.55 | ||
| Day Typical Price | 1.54 | ||
| Price Action Indicator | -0.01 | ||
| Market Facilitation Index | 0.03 |