E Cannabis Central: Sector Up 2.8% Friday; NPSI Up 3.2%

The NPSI (Non-penny Pot Stock Index) tracks the 35 cannabis stocks that trade for a minimum of US$1/share (representing 12% of the universe of 299 companies) and advanced 3.2% on Friday. 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 35 eligible stocks in the NPSI,
    • 29 (83%) went up,
    • 2 (6%) remained unchanged,
    • 4 (11%) went down in price and
    • the average price change was +3.1%;
  2. the average return for the 3 broadest tracking indexes for the industry as a whole was +2.8%,
  3. the average return for the 5 marijuana ETFs that make up the broadest range of pot stocks was +3.1%. The average MER of 0.7% resulted a net decline of +2.4% and
  4. the S&P 500 was up 2.7%, the TSX was up 3.3%, the Dow was up 3.0% and the Nasdaq was up 1.4%.

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:

1 2 3
View single page >> |

This article may discuss small-, micro- and nano-cap stocks so do your own careful due diligence. Visit   more

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.