E Cannabis Central: Pot Stock Index Showed Surprising Strength On Monday Outperforming The TSX, Dow & Nasdaq

The NPSI (Non-penny Pot Stock Index) tracks the 34 cannabis stocks that trade for a minimum of US$1/share (representing 12% of the universe of 298 companies) and advanced 0.6% on Monday. Below are the price performances of each constituent within each of the 9 categories that represent their primary area of focus in the cannabis industry.

Before proceeding let's put things in perspective:

  1. Of the 34 eligible stocks in the NPSI,
    • 22 (65%) went up,
    • 12 (35%) went down in price and
    • the average price change was +0.6%;
  2. the average return for the 3 broadest tracking indexes for the industry as a whole was +0.9%,
  3. the average return for the 5 marijuana ETFs that make up the broadest range of pot stocks was +0.3%. The average MER of 0.7% resulted a net decline of -0.4%.
  4. Conversely, the S&P 500 was down 1.8%, the Dow was down 2.4%, and the Nasdaq was down 1.0% while the TSX was up marginally by 0.2%.

The performance of the NPSI constituents are presented below within each of the 9 categories to allow for performance comparisons within similar areas of focus:

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