Cronos Stock Forecast - Day Typical Price
Cronos Stock Forecast is based on your current time horizon.
Cronos |
| Check Cronos Volatility | Backtest Cronos | Information Ratio |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
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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 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 | 2.11 | |||
| Semi Deviation | 2.31 | |||
| Standard Deviation | 3.15 | |||
| Variance | 9.95 | |||
| Downside Variance | 6.15 | |||
| Semi Variance | 5.33 | |||
| Expected Short fall | (2.78) |
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.
Pair Trading with Cronos
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cronos position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cronos will appreciate offsetting losses from the drop in the long position's value.Moving against Cronos Stock
| 0.65 | ERE-UN | European Residential Real | PairCorr |
| 0.61 | NOA | North American Const | PairCorr |
| 0.6 | VLE | Valeura Energy | PairCorr |
| 0.58 | LB | Laurentian Bank | PairCorr |
| 0.57 | Y | Yellow Pages Limited | PairCorr |
The ability to find closely correlated positions to Masco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Masco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Masco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Masco to buy it.
The correlation of Masco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Masco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Masco moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Masco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.