Cronos Stock Forecast - 4 Period Moving Average
| CRON Stock | CAD 2.72 0.07 2.51% |
The 4 Period Moving Average forecasted value of Cronos Group on the next trading day is expected to be 2.75 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.20. Cronos Stock Forecast is based on your current time horizon. Although Cronos' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Cronos' systematic risk associated with finding meaningful patterns of Cronos fundamentals over time.
Cronos |
Cronos 4 Period Moving Average Price Forecast For the 20th of December
Given 90 days horizon, the 4 Period Moving Average forecasted value of Cronos Group on the next trading day is expected to be 2.75 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.20.Please note that although there have been many attempts to predict Cronos Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Cronos' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cronos Stock Forecast Pattern
| Backtest Cronos | Cronos Price Prediction | Buy or Sell Advice |
Cronos Forecasted Value
In the context of forecasting Cronos' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Cronos' downside and upside margins for the forecasting period are 0.03 and 5.91, respectively. We have considered Cronos' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Cronos stock data series using in forecasting. Note that when a statistical model is used to represent Cronos stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 106.0608 |
| Bias | Arithmetic mean of the errors | 0.0091 |
| MAD | Mean absolute deviation | 0.0737 |
| MAPE | Mean absolute percentage error | 0.0252 |
| SAE | Sum of the absolute errors | 4.2025 |
Predictive Modules for Cronos
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cronos Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Cronos
For every potential investor in Cronos, whether a beginner or expert, Cronos' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cronos Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cronos. Basic forecasting techniques help filter out the noise by identifying Cronos' price trends.Cronos Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cronos stock to make a market-neutral strategy. Peer analysis of Cronos could also be used in its relative valuation, which is a method of valuing Cronos by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cronos Group Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Cronos' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Cronos' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cronos Market Strength Events
Market strength indicators help investors to evaluate how Cronos stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cronos shares will generate the highest return on investment. By undertsting and applying Cronos stock market strength indicators, traders can identify Cronos Group entry and exit signals to maximize returns.
Cronos Risk Indicators
The analysis of Cronos' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Cronos' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cronos stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.14 | |||
| Standard Deviation | 3.15 | |||
| Variance | 9.9 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
When determining whether Cronos Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cronos' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cronos Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cronos Group Stock: Check out Historical Fundamental Analysis of Cronos to cross-verify your projections. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.