Cronos Group Stock Market Value
| CRON Stock | CAD 2.72 0.07 2.51% |
| Symbol | Cronos |
Cronos Group Price To Book Ratio
Cronos 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cronos' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cronos.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Cronos on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Cronos Group or generate 0.0% return on investment in Cronos over 30 days. Cronos is related to or competes with Aurora Cannabis, Canopy Growth, and OrganiGram Holdings. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and... More
Cronos Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cronos' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cronos Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 4.61 |
Cronos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cronos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cronos' standard deviation. In reality, there are many statistical measures that can use Cronos historical prices to predict the future Cronos' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.50) |
Cronos Group Backtested Returns
Cronos Group secures Sharpe Ratio (or Efficiency) of -0.0234, which signifies that the company had a -0.0234% return per unit of risk over the last 3 months. Cronos Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cronos' Standard Deviation of 3.15, mean deviation of 2.14, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cronos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cronos is expected to be smaller as well. At this point, Cronos Group has a negative expected return of -0.074%. Please make sure to confirm Cronos' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Cronos Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Cronos Group has poor reverse predictability. Overlapping area represents the amount of predictability between Cronos time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cronos Group price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Cronos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cronos Group lagged returns against current returns
Autocorrelation, which is Cronos stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cronos' stock expected returns. We can calculate the autocorrelation of Cronos returns to help us make a trade decision. For example, suppose you find that Cronos has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cronos regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cronos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cronos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cronos stock over time.
Current vs Lagged Prices |
| Timeline |
Cronos Lagged Returns
When evaluating Cronos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cronos stock have on its future price. Cronos autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cronos autocorrelation shows the relationship between Cronos stock current value and its past values and can show if there is a momentum factor associated with investing in Cronos Group.
Regressed Prices |
| Timeline |
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 Cronos Correlation, Cronos Volatility and Cronos Alpha and Beta module to complement your research on Cronos. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Cronos technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.