Cronos Technical Analysis
| CRO Crypto | USD 0.12 0.01 7.69% |
As of the 25th of April, Cronos shows the Mean Deviation of 3.69, downside deviation of 5.15, and Risk Adjusted Performance of 0.0974. Cronos technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Cronos, which can be compared to its peers. Please confirm Cronos standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if Cronos is priced correctly, providing market reflects its regular price of 0.12 per share.
Cronos Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cronos, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CronosCronos |
Cronos technical crypto coin 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, crypto market cycles, or different charting patterns.
Cronos Technical Analysis
The output start index for this execution was five with a total number of output elements of fifty-six. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Cronos volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cronos Trend Analysis
Use this graph to draw trend lines for Cronos. You can use it to identify possible trend reversals for Cronos as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Cronos price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cronos Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cronos applied against its price change over selected period. The best fit line has a slop of 0.001 , which means Cronos will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.04, which is the sum of squared deviations for the predicted Cronos price change compared to its average price change.About Cronos Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Cronos on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Cronos based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on Cronos price pattern first instead of the macroeconomic environment surrounding Cronos. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of Cronos's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the crypto market before zooming in to Cronos specific price patterns or momentum indicators.
Cronos April 25, 2024 Technical Indicators
Most technical analysis of Cronos help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cronos from various momentum indicators to cycle indicators. When you analyze Cronos charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0974 | |||
| Market Risk Adjusted Performance | 0.4606 | |||
| Mean Deviation | 3.69 | |||
| Semi Deviation | 3.4 | |||
| Downside Deviation | 5.15 | |||
| Coefficient Of Variation | 704.44 | |||
| Standard Deviation | 5.42 | |||
| Variance | 29.34 | |||
| Information Ratio | 0.1257 | |||
| Jensen Alpha | 0.6278 | |||
| Total Risk Alpha | 0.0833 | |||
| Sortino Ratio | 0.1323 | |||
| Treynor Ratio | 0.4506 | |||
| Maximum Drawdown | 25.87 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 10.0 | |||
| Downside Variance | 26.48 | |||
| Semi Variance | 11.59 | |||
| Expected Short fall | (6.01) | |||
| Skewness | 0.986 | |||
| Kurtosis | 2.0 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.