Cronos Group Stock Market Value
| CRON Stock | CAD 2.79 0.08 2.95% |
| 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.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Cronos on January 3, 2023 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 720 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 | (0.03) | |||
| 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 | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.19) |
Cronos Group Backtested Returns
As of now, Cronos Stock is unstable. Cronos Group secures Sharpe Ratio (or Efficiency) of 0.0012, which signifies that the company had a 0.0012% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Cronos Group, which you can use to evaluate the volatility of the firm. Please confirm Cronos' Standard Deviation of 3.16, mean deviation of 2.15, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 0.0037%. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. 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. Cronos Group right now shows a risk of 3.18%. Please confirm Cronos Group 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 will be following its price patterns.
Auto-correlation | -0.59 |
Good reverse predictability
Cronos Group has good reverse predictability. Overlapping area represents the amount of predictability between Cronos time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 -0.59 indicates that roughly 59.0% of current Cronos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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.