Cronos Group Inc. to Hold 2024 First Quarter Earnings Conference Call on May 9, 2024 - Yahoo Finance
| CRON Stock | CAD 2.71 0.01 0.37% |
About 61% of Cronos' investor base is looking to short. The analysis of overall sentiment of trading Cronos Group stock suggests that many investors are alarmed at this time. Cronos' investing sentiment overview a quick insight into current market opportunities from investing in Cronos Group. Many technical investors use Cronos Group stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Cronos |
Cronos Group Inc. to Hold 2024 First Quarter Earnings Conference Call on May 9, 2024 Yahoo Finance
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Cronos Fundamental Analysis
We analyze Cronos' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cronos using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cronos based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
Cronos is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
Cronos Group Potential Pair-trading
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.
Peers
Cronos Related Equities
| OGI | OrganiGram Holdings | 0.48 |
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| ACB | Aurora Cannabis | 3.76 |
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| WEED | Canopy Growth | 4.18 |
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Check out Cronos Hype Analysis, Cronos Correlation and Cronos Performance. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..