Cronos Investments vs Capital Expenditures Analysis

CRON Stock  USD 1.96  0.00  0.00%   
Cronos financial indicator trend analysis is way more than just evaluating Cronos Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cronos Group is a good investment. Please check the relationship between Cronos Investments and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Investments vs Capital Expenditures

Investments vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cronos Group Investments account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Cronos' Investments and Capital Expenditures is -0.25. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Cronos Group, assuming nothing else is changed. The correlation between historical values of Cronos' Investments and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Cronos Group are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Investments i.e., Cronos' Investments and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.25
Relationship DirectionNegative 
Relationship StrengthInsignificant

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Capital Expenditures

Capital Expenditures are funds used by Cronos Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Cronos operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Cronos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cronos Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
As of the 17th of December 2024, Tax Provision is likely to grow to about 30.6 M, while Discontinued Operations is likely to drop (472.5 K).
 2021 2022 2023 2024 (projected)
Reconciled Depreciation15.4M13.1M9.6M8.1M
Interest Income9.1M22.5M46.5M44.2M

Cronos fundamental ratios Correlations

0.820.871.0-0.990.990.91.00.971.00.770.90.870.830.760.881.00.50.810.980.840.740.830.750.870.84
0.820.990.78-0.780.880.910.790.860.810.320.550.720.540.340.980.80.40.570.70.790.580.660.980.510.44
0.870.990.83-0.840.910.950.840.90.860.430.630.760.650.451.00.850.450.640.760.840.640.690.950.610.55
1.00.780.83-0.990.980.871.00.961.00.810.920.860.840.790.841.00.50.810.990.820.740.830.710.890.86
-0.99-0.78-0.84-0.99-0.97-0.86-1.0-0.95-0.99-0.82-0.9-0.85-0.81-0.81-0.84-0.99-0.44-0.79-0.98-0.8-0.72-0.8-0.7-0.91-0.88
0.990.880.910.98-0.970.890.980.980.980.690.820.880.770.680.920.980.470.760.940.840.70.850.830.80.77
0.90.910.950.87-0.860.890.870.920.880.570.780.80.770.570.950.880.60.760.820.90.70.640.830.730.66
1.00.790.841.0-1.00.980.870.961.00.790.90.850.820.780.851.00.470.790.980.80.720.830.720.880.85
0.970.860.90.96-0.950.980.920.960.960.690.850.920.850.680.910.960.630.840.920.930.730.850.820.810.78
1.00.810.861.0-0.990.980.881.00.960.780.890.840.80.770.861.00.450.780.980.80.730.810.730.880.84
0.770.320.430.81-0.820.690.570.790.690.780.890.640.750.990.440.790.340.730.860.570.640.520.210.980.98
0.90.550.630.92-0.90.820.780.90.850.890.890.810.90.870.650.90.580.880.940.760.780.690.450.920.9
0.870.720.760.86-0.850.880.80.850.920.840.640.810.80.590.780.840.680.850.820.870.650.830.690.720.69
0.830.540.650.84-0.810.770.770.820.850.80.750.90.80.730.660.810.740.860.830.850.720.780.490.810.81
0.760.340.450.79-0.810.680.570.780.680.770.990.870.590.730.460.780.270.70.840.560.70.480.240.970.98
0.880.981.00.84-0.840.920.950.850.910.860.440.650.780.660.460.860.460.650.770.850.650.70.950.620.56
1.00.80.851.0-0.990.980.881.00.961.00.790.90.840.810.780.860.460.790.990.80.740.810.720.880.85
0.50.40.450.5-0.440.470.60.470.630.450.340.580.680.740.270.460.460.760.470.80.280.520.390.410.43
0.810.570.640.81-0.790.760.760.790.840.780.730.880.850.860.70.650.790.760.810.850.640.650.510.790.78
0.980.70.760.99-0.980.940.820.980.920.980.860.940.820.830.840.770.990.470.810.770.740.780.620.920.9
0.840.790.840.82-0.80.840.90.80.930.80.570.760.870.850.560.850.80.80.850.770.680.710.780.70.69
0.740.580.640.74-0.720.70.70.720.730.730.640.780.650.720.70.650.740.280.640.740.680.540.580.710.68
0.830.660.690.83-0.80.850.640.830.850.810.520.690.830.780.480.70.810.520.650.780.710.540.670.580.59
0.750.980.950.71-0.70.830.830.720.820.730.210.450.690.490.240.950.720.390.510.620.780.580.670.40.35
0.870.510.610.89-0.910.80.730.880.810.880.980.920.720.810.970.620.880.410.790.920.70.710.580.40.99
0.840.440.550.86-0.880.770.660.850.780.840.980.90.690.810.980.560.850.430.780.90.690.680.590.350.99
Click cells to compare fundamentals

Cronos Account Relationship Matchups

Cronos fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B1.9B1.4B1.2B1.1B809.1M
Other Current Liab297.2M183.3M37.1M18.5M28.2M26.8M
Total Current Liabilities332.9M206.8M54.4M68.1M41.4M75.2M
Total Stockholder Equity1.7B1.7B1.3B1.1B1.1B730.8M
Net Debt(1.2B)(1.1B)(877.2M)(760.8M)(666.7M)(633.4M)
Retained Earnings1.1B1.1B659.4M490.7M416.7M373.6M
Accounts Payable35.3M19.3M11.1M11.2M12.1M10.9M
Cash1.2B1.1B887.0M764.6M669.3M463.4M
Non Current Assets Total520.4M553.5M318.0M252.9M206.8M209.9M
Cash And Short Term Investments1.5B1.3B1.0B877.7M861.5M557.5M
Net Receivables16.5M26.0M33.3M31.3M35.7M37.5M
Common Stock Shares Outstanding342.8M351.6M370.4M377.0M381.0M233.9M
Liabilities And Stockholders Equity2.1B1.9B1.4B1.2B1.1B809.1M
Non Current Liabilities Total8.5M10.7M9.1M3.9M2.6M4.5M
Other Current Assets9.4M12.3M9.0M13.6M5.6M6.5M
Other Stockholder Equity23.2M34.6M32.5M42.7M48.4M50.9M
Total Liab341.4M217.5M63.5M72.0M44.0M79.6M
Total Current Assets1.6B1.4B1.1B960.2M933.3M599.3M
Short Long Term Debt Total7.1M9.8M9.8M3.9M2.6M2.4M
Other Liab1.8M2.2M2.0M1.4M1.6M1.5M
Net Tangible Assets1.5B1.5B1.3B1.1B1.3B683.3M
Property Plant And Equipment Net168.4M197.4M83.0M62.8M60.8M83.2M
Non Currrent Assets Other64.4M87.7M100K72.5M69.1M39.4M
Other Assets64.4M116.7M80.7M72.5M(5.8M)(5.5M)
Good Will214.8M179.5M1.1M1.0M1.1M1.0M
Common Stock Total Equity165.6M561.2M569.3M595.5M684.8M719.1M
Short Term Investments306.3M211.8M117.7M113.1M192.2M103.5M
Capital Surpluse11.3M23.2M34.6M32.5M37.3M39.2M
Capital Lease Obligations7.1M9.8M9.8M3.9M2.6M3.6M
Inventory38.0M44.0M32.8M37.6M30.5M23.2M
Long Term Investments557K106.9M135.2M89.7M54.7M45.1M
Property Plant And Equipment Gross166.5M197.4M83.0M207.2M200.6M114.3M
Accumulated Other Comprehensive Income27.8M43.0M49.9M(797K)20.7M15.9M
Short Term Debt427K1.3M2.7M1.3M994K944.3K
Intangible Assets72.3M69.7M18.1M26.7M21.1M26.0M

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 together with Cronos Stock

  0.79JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.65LLY Eli Lilly Sell-off TrendPairCorr

Moving against Cronos Stock

  0.63BMY Bristol Myers SquibbPairCorr
  0.63CAH Cardinal HealthPairCorr
  0.6GILD Gilead SciencesPairCorr
  0.56ESPR Esperion Therapeutics Buyout TrendPairCorr
  0.5XAIR Beyond AirPairCorr
The ability to find closely correlated positions to Cronos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cronos 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 Cronos - 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 Cronos Group to buy it.
The correlation of Cronos 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 Cronos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cronos Group 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 Cronos 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.
Pair CorrelationCorrelation Matching
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cronos. If investors know Cronos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cronos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.144
Earnings Share
(0.12)
Revenue Per Share
0.267
Quarterly Revenue Growth
0.46
Return On Assets
(0.04)
The market value of Cronos Group is measured differently than its book value, which is the value of Cronos that is recorded on the company's balance sheet. Investors also form their own opinion of Cronos' value that differs from its market value or its book value, called intrinsic value, which is Cronos' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cronos' market value can be influenced by many factors that don't directly affect Cronos' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.