MARKET COMPOSITE
Pot Stocks27-00-2024 20:00:00 PM
Price
$116.24
+ 3.22%
The list of companies include TLRY-Tilray Inc, CGC-Canopy Growth Corporation, CRON-Cronos Group Inc, OGI-OrganiGram Holdings Inc., ACB-Aurora Cannabis Inc, KERN-Akerna Corp, SNDL-Sundial Growers Inc, VFF-Village Farms International Inc, HEXO-HEXO Corp
* Latest intraday update before market close @ 13:45:29 PM 03/28/2024
Summary
:
Average return is down -1.1%
Median return is up 0.2%
4 out of 8 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
SNDL -6.0%OGI -3.3%MJ -1.7%CRON 0.0%YOLO + 0.5%

Aggregated price index with volume information

Summary:

  • The momentum of the sector is very strong.
  • Pot stocks up 3.2% on average while median return up 5.1% in a day
  • Pot stocks up 15.7% on average while median return up 14.8% in a week
  • Pot stocks up 25.3% on average while median return up 18.4% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
SNDL10.7%
42.5%
53.0%
30.22513.9M14%5%82\Above resistance269-0.1%
TLRY7.4%
25.3%
37.0%
-1.18-0.455.6012.351.8B8%73\/\435-0.1%
CRON2.3%
14.4%
17.4%
-13.961.9861.251B11%17%73/-\218-0.1%
OGI-14.4%
-5.2%
6.3%
2.5612.10218.3M16%53\/881.0%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.

Related ETFs (click on ticker for stock detail page)

Detail Performance Summary
  • 1M winners are : Winners for past month are $SNDL 53.0%, $TLRY 37.0%, $MJ 22.9%, $CNBS 19.4%
  • 1M losers are : Losers for past month are
  • 1W winners are : Winners for past week are $SNDL 42.5%, $TLRY 25.3%, $MJ 18.5%, $CNBS 15.2%
  • 1W losers are : Losers for past week are $OGI -5.2%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 39.6%, for the past 3 months is 27.4%

In the past month for a 5 days rolling window, the highest corrrelation is 68.3%, the lowest correlation is 6.7%, the latest correlation is 35.4%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 91.0% between SNDL and TLRY

The lowest correlation is -16.9% between POTX and THCX

Stock news

    TORONTO, March 27, 2024--Organigram Holdings Inc. ("Organigram" or the "Company") (TSX: OGI; NASDAQ: OGI), announces today that, in connection with its previously announced overnight marketed public offering of units of the Company (the "Units"), it has entered into an underwriting agreement with ATB Securities Inc., as lead underwriter, on behalf of itself and a syndicate of underwriters to sell 7,740,000 Units at a price of C$3.23 per Unit (the "Offering Price") for total gross proceeds of app

    These deeply undervalued growth stocks could be big winners for patient shareholders.

    TORONTO, March 26, 2024--Organigram Holdings Inc. ("Organigram" or the "Company") (TSX: OGI; NASDAQ: OGI), announces today an overnight marketed public offering of units of the Company (the "Units") for total gross proceeds of approximately C$25 million (the "Offering"). The Offering is expected to be completed pursuant to an underwriting agreement to be entered into between the Company and ATB Securities Inc., as lead underwriter, on behalf of itself and a syndicate of underwriters including A.

    Why Tilray Stock Popped Today03-26-2024 22:30:11 PM

    Support for pot legalization -- or at least the mechanics behind it -- continues to be strong in the U.S.

    TORONTO, March 26, 2024--Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the "Company" or "Organigram") is pleased to announce a US $2 million minority investment in Steady State LLC (d/b/a Open Book Extracts) ("OBX") in the form of a convertible note.

    Three out of five voters surveyed would like marijuana to be cheaper.

    10 Barrel Brewing Unveils Newest Ready-to-Drink Canned Cocktails 10 Barrel's Latest Ready-to-Drink Party Cocktails Developed by 10 Barrel's cocktail mastermind Ben Shirley, these cocktails result from meticulous experimentation and a dedication to using the finest, all-natural ingredients. BEND, Ore., March 26, 2024 (GLOBE NEWSWIRE) -- 10 Barrel Brewing Co. (“10 Barrel”), an award-winning pioneer in the craft brewing industry and a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY),

    CHICAGO, March 26, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs announces March income distributions for its ETFs. ETF NameTickerAmount per ShareEx-DateRecord DatePayable DateAmplify AI Powered Equity ETFAIEQ$0.150383/26/20243/27/20243/28/2024Amplify Travel Tech ETFAWAY$0.024733/26/20243/27/20243/28/2024Amplify Cash Flow Dividend Leaders ETFCOWS$0.048683/26/20243/27/20243/28/2024Amplify CWP Enhanced Dividend Income ETFDIVO$0.154883/26/20243/27/20243/28/2024Amplify Video Game Tech ETFGAMR$0.016063/26/20

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    You'll need to be patient to gain the most from this investment.