CRON Stock | | | USD 2.49 0.06 2.47% |
The current 90-days correlation between Cronos Group and Prestige Brand Holdings is 0.12 (i.e., Average diversification). 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.
Cronos Correlation With Market
Good diversification
The correlation between Cronos Group and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cronos Group and NYA in the same portfolio, assuming nothing else is changed.
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Moving together with Cronos Stock
Moving against Cronos Stock
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Cronos Corporate Management