Canopy Growth Corp Stock Price Prediction
| CGC Stock | USD 1.22 0.03 2.52% |
Momentum 55
Impartial
Oversold | Overbought |
EPS Estimate Next Quarter (0.10) | EPS Estimate Current Year (3.40) | EPS Estimate Next Year (0.59) | Wall Street Target Price 2.3045 | EPS Estimate Current Quarter (0.20) |
Using Canopy Growth hype-based prediction, you can estimate the value of Canopy Growth Corp from the perspective of Canopy Growth response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Canopy Growth using Canopy Growth's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Canopy using crowd psychology based on the activity and movement of Canopy Growth's stock price.
Canopy Growth Short Interest
A significant increase or decrease in Canopy Growth's short interest from the previous month could be a good indicator of investor sentiment towards Canopy. Short interest can provide insight into the potential direction of Canopy Growth stock and how bullish or bearish investors feel about the market overall.
200 Day MA 2.6256 | Short Percent 0.1112 | Short Ratio 2.3 | Shares Short Prior Month 16.7 M | 50 Day MA 1.3944 |
Canopy Growth Corp Hype to Price Pattern
Investor biases related to Canopy Growth's public news can be used to forecast risks associated with an investment in Canopy. The trend in average sentiment can be used to explain how an investor holding Canopy can time the market purely based on public headlines and social activities around Canopy Growth Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Canopy Growth's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Canopy Growth.
Canopy Growth Implied Volatility | 1.58 |
Canopy Growth's implied volatility exposes the market's sentiment of Canopy Growth Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canopy Growth's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Canopy Growth stock will not fluctuate a lot when Canopy Growth's options are near their expiration.
The fear of missing out, i.e., FOMO, can cause potential investors in Canopy Growth to buy its stock at a price that has no basis in reality. In that case, they are not buying Canopy because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Canopy Growth after-hype prediction price | USD 1.21 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Canopy Growth Basic Forecasting Models to cross-verify your projections. Canopy Growth After-Hype Price Prediction Density Analysis
As far as predicting the price of Canopy Growth at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Canopy Growth or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Canopy Growth, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Canopy Growth Estimiated After-Hype Price Volatility
In the context of predicting Canopy Growth's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Canopy Growth's historical news coverage. Canopy Growth's after-hype downside and upside margins for the prediction period are 0.06 and 9.59, respectively. We have considered Canopy Growth's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Canopy Growth is abnormally volatile at this time. Analysis and calculation of next after-hype price of Canopy Growth Corp is based on 3 months time horizon.
Canopy Growth Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Canopy Growth is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Canopy Growth backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Canopy Growth, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.54 | 8.38 | 0.01 | 0.13 | 10 Events / Month | 6 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
1.22 | 1.21 | 0.82 |
|
Canopy Growth Hype Timeline
On the 24th of June Canopy Growth Corp is traded for 1.22. The entity has historical hype elasticity of -0.01, and average elasticity to hype of competition of -0.13. Canopy is forecasted to decline in value after the next headline, with the price expected to drop to 1.21. The average volatility of media hype impact on the company price is over 100%. The price depreciation on the next news is expected to be -0.82%, whereas the daily expected return is currently at 0.54%. The volatility of related hype on Canopy Growth is about 3390.75%, with the expected price after the next announcement by competition of 1.09. The company has price-to-book (P/B) ratio of 0.63. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canopy Growth Corp recorded a loss per share of 4.09. The entity had not issued any dividends in recent years. The firm had 1:10 split on the 20th of December 2023. Considering the 90-day investment horizon the next forecasted press release will be in about 10 days. Check out Canopy Growth Basic Forecasting Models to cross-verify your projections.Canopy Growth Related Hype Analysis
Having access to credible news sources related to Canopy Growth's direct competition is more important than ever and may enhance your ability to predict Canopy Growth's future price movements. Getting to know how Canopy Growth's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Canopy Growth may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| BOOT | Boot Barn Holdings | 1.07 | 11 per month | 3.34 | 0.17 | 7.29 | (4.53) | 22.17 | |
| FIGS | Figs Inc | (0.12) | 11 per month | 3.44 | 0.07 | 10.63 | (4.45) | 27.26 | |
| ACI | Albertsons Companies | 0.23 | 6 per month | 1.87 | 0.01 | 2.60 | (2.60) | 9.71 | |
| ANF | Abercrombie Fitch | (2.85) | 8 per month | 3.66 | 0.01 | 5.87 | (5.49) | 21.61 | |
| GPAIF | Grounded People Apparel | (0.35) | 25 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| TSN | Tyson Foods | 0.40 | 9 per month | 0.00 | (0.09) | 2.11 | (1.84) | 11.41 | |
| TPR | Tapestry | (0.11) | 10 per month | 2.76 | 0.09 | 5.24 | (3.80) | 16.48 |
Canopy Growth Additional Predictive Modules
Most predictive techniques to examine Canopy price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Canopy using various technical 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Canopy Growth Predictive Indicators
The successful prediction of Canopy Growth stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Canopy Growth Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Canopy Growth based on analysis of Canopy Growth hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Canopy Growth's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Canopy Growth's related companies. | 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 |
Story Coverage note for Canopy Growth
The number of cover stories for Canopy Growth depends on current market conditions and Canopy Growth's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Canopy Growth is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Canopy Growth's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Canopy Growth Short Properties
Canopy Growth's future price predictability will typically decrease when Canopy Growth's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Canopy Growth Corp often depends not only on the future outlook of the potential Canopy Growth's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Canopy Growth's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.6 M | |
| Cash And Short Term Investments | 137.1 M |
Complementary Tools for Canopy Stock analysis
When running Canopy Growth's price analysis, check to measure Canopy Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canopy Growth is operating at the current time. Most of Canopy Growth's value examination focuses on studying past and present price action to predict the probability of Canopy Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canopy Growth's price. Additionally, you may evaluate how the addition of Canopy Growth to your portfolios can decrease your overall portfolio volatility.
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