Cronos Group Stock Chance of Future Stock Price Finishing Under 6.32
| CRON Stock | USD 2.48 0.01 0.40% |
Closest to current price Cronos long CALL Option Payoff at Expiration
Cronos |
Cronos Target Price Odds to finish below 6.32
The tendency of Cronos Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 6.32 after 90 days |
| 2.48 | 90 days | 6.32 | close to 99 |
Based on a normal probability distribution, the odds of Cronos to stay under $ 6.32 after 90 days from now is close to 99 (This Cronos Group probability density function shows the probability of Cronos Stock to fall within a particular range of prices over 90 days) . Probability of Cronos Group price to stay between its current price of $ 2.48 and $ 6.32 at the end of the 90-day period is about 20.05 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.5 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Cronos will likely underperform. Additionally Cronos Group has an alpha of 0.2089, implying that it can generate a 0.21 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Cronos Price Density |
| Price |
Predictive Modules for Cronos
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cronos Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cronos' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cronos Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cronos is not an exception. The market had few large corrections towards the Cronos' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Cronos Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cronos within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.21 | |
β | Beta against NYSE Composite | 1.50 | |
σ | Overall volatility | 0.25 | |
Ir | Information ratio | 0.07 |
Cronos Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Cronos for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cronos Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cronos Group had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 88.84 M. Net Loss for the year was (71.13 M) with profit before overhead, payroll, taxes, and interest of 11.97 M. | |
| Cronos Group currently holds about 944.89 M in cash with (41.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.5, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Cronos Group has a strong financial position based on the latest SEC filings | |
| Roughly 47.0% of the company shares are held by company insiders | |
| Latest headline from investorplace.com: 3 Cannabis Penny Stocks to Buy for 3-Bagger Returns |
Cronos Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Cronos Stock often depends not only on the future outlook of the current and potential Cronos' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cronos' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 381 M | |
| Cash And Short Term Investments | 857.1 M |
Cronos Technical Analysis
Cronos' future price can be derived by breaking down and analyzing its technical indicators over time. Cronos Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cronos Group. In general, you should focus on analyzing Cronos Stock price patterns and their correlations with different microeconomic environments and drivers.
Cronos Predictive Forecast Models
Cronos' time-series forecasting models is one of many Cronos' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Cronos' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Cronos Group
Checking the ongoing alerts about Cronos for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cronos Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cronos Group had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 88.84 M. Net Loss for the year was (71.13 M) with profit before overhead, payroll, taxes, and interest of 11.97 M. | |
| Cronos Group currently holds about 944.89 M in cash with (41.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.5, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Cronos Group has a strong financial position based on the latest SEC filings | |
| Roughly 47.0% of the company shares are held by company insiders | |
| Latest headline from investorplace.com: 3 Cannabis Penny Stocks to Buy for 3-Bagger Returns |
Check out Cronos Backtesting, Cronos Valuation, Cronos Correlation, Cronos Hype Analysis, Cronos Volatility, Cronos History as well as Cronos Performance. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Cronos Stock analysis
When running Cronos' price analysis, check to measure Cronos' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cronos is operating at the current time. Most of Cronos' value examination focuses on studying past and present price action to predict the probability of Cronos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cronos' price. Additionally, you may evaluate how the addition of Cronos to your portfolios can decrease your overall portfolio volatility.
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Is Cronos' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cronos. If investors know Cronos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cronos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.144 | Earnings Share (0.18) | Revenue Per Share 0.229 | Quarterly Revenue Growth 0.085 | Return On Assets (0.04) |
The market value of Cronos Group is measured differently than its book value, which is the value of Cronos that is recorded on the company's balance sheet. Investors also form their own opinion of Cronos' value that differs from its market value or its book value, called intrinsic value, which is Cronos' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cronos' market value can be influenced by many factors that don't directly affect Cronos' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.