CIN Proprietary Index

Cannabis Market Health Index

A composite score measuring the overall health of the cannabis equity market across five institutional-grade dimensions. Computed from live SEC filings, market data, and analyst coverage.

0 Fear 50 100 Optimism

Updating...

Component Breakdown

Each component is scored 0–100 and weighted equally (20% each) to produce the composite CMHI score.

Market Momentum

Measures sector breadth and average price movement across 494 securities, weighted by ETF performance.

Price Strength

Ratio of strongly rising vs. falling stocks and the dominance of the day's best gainer vs. worst decliner.

Insider Confidence

Net insider buying vs. selling from SEC Form 4 filings, weighted by transaction value and 30-day recency.

Capital Formation

30-day financing deal velocity, company breadth, and equity-vs-debt issuance mix from SEC 8-K filings.

Analyst Sentiment

Average consensus rating distribution and mean price target upside across covered securities.

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What the index is telling us

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Reading the tape…

— CIN Editorial Desk, methodology by Joseph Farruggia Full methodology: jump to below · standards

Index Methodology

The CIN Cannabis Market Health Index (CMHI) is a proprietary composite indicator that distills the overall condition of the cannabis equity market into a single 0–100 score. The index draws from multiple independent data streams to reduce signal noise and capture a multi-dimensional view of sector health.

Five equally-weighted components — Market Momentum, Price Strength, Insider Confidence, Capital Formation, and Analyst Sentiment — are each scored on a 0–100 basis using normalized inputs, then combined into the final composite. The index refreshes every five minutes during market hours.

Score Interpretation

0–20: Extreme Fear. 21–40: Fear. 41–60: Neutral. 61–80: Optimism. 81–100: Extreme Optimism. The score reflects current market conditions, not a forward prediction.

Data Sources

Live pricing from exchange and OTC feeds. SEC EDGAR Form 4 filings for insider transactions. SEC 8-K filings for capital events. Analyst consensus and price targets from institutional coverage databases.

Universe

494 cannabis securities across 10 regions and 16 exchanges — US MSOs, Canadian LPs, European operators, APAC listings, ancillary companies, REITs, pharma/biotech, and specialty finance. ETFs (MSOS, YOLO, CNBS, MJ, THCX, MSOX, PSIL) contribute to the momentum component as sector proxies but are not individually scored. Full universe published on the reference page.

Limitations

The CMHI is an informational tool, not a trading signal. Component weights are fixed and may not reflect every market regime. Insider and financing data reflect filings as of the most recent SEC update cycle.

Authorship

Index construction and methodology by Joseph Farruggia, founder of Cannabis Investor News and CanIDeal. Three decades across capital markets (Money World Magazine, Atlantic Capital Corp., Wall Street Marketing Group), technology (Café.com), and cannabis (CanIDeal, 2016). Editorial standards published here.