Cronos Group Stock Market Value
| CRON Stock | CAD 2.84 0.09 3.27% |
| Symbol | Cronos |
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.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Cronos on April 23, 2025 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 90 days. Cronos is related to or competes with Aurora Cannabis, OrganiGram Holdings, Tilray, and Canopy Growth. 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.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0427 | |||
| Maximum Drawdown | 12.62 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 3.62 |
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 | 0.1088 | |||
| Jensen Alpha | 0.2531 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.05 | |||
| Treynor Ratio | (1.22) |
Cronos Group Backtested Returns
Cronos appears to be moderately volatile, given 3 months investment horizon. Cronos Group secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cronos Group, which you can use to evaluate the volatility of the firm. Please makes use of Cronos' Risk Adjusted Performance of 0.1088, mean deviation of 1.61, and Downside Deviation of 1.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cronos holds a performance score of 8. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cronos are expected to decrease at a much lower rate. During the bear market, Cronos is likely to outperform the market. Please check Cronos' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Cronos' price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Cronos Group has below average predictability. Overlapping area represents the amount of predictability between Cronos time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. 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 0.36 indicates that just about 36.0% of current Cronos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
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.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.Check out Cronos Correlation, Cronos Volatility and Cronos Alpha and Beta module to complement your research on Cronos. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.