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[Chart] Cannabis Stocks: Is There Any Port in This Storm?

[Chart] Cannabis Stocks: Is There Any Port in This Storm?
2022 has not been kind to the stock market in general and the cannabis stock market in particular. YTD, the S&P 500 (NYSE:SPY) is down 7.7%, and the AdvisorShares PureUS Cannabis ETF (NYSE:MSOS) is down 16.3%. MSOS was down 12% last week, the worst week since the ETF was created in September 2020.

[Chart] Cannabis Stocks: Is There Any Port in This Storm?






So is there a port in the storm? The graph shows the YTD stock performance of the 99 companies in the Viridian Capital Value Tracker database with 2022 analyst revenue projections. The companies were divided into ten sector groups.









The green bars show the YTD performance of an equal dollar weighted basket of companies in each grouping. Only 22 of the 99 companies have positive YTD returns. Several interesting observations are apparent in the graph:





The worst performing sector is US Biotech, which is consistent with the growth to value rotation theme.
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