Cronos Group Stock Z Score
CRON Stock  USD 2.24 0.08 3.70% 
Cronos  Z Score 
Cronos Group Company Z Score Analysis
Cronos' ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 
 
 
 

Cronos Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Cronos is extremely important. It helps to project a fair market value of Cronos Stock properly, considering its historical fundamentals such as Z Score. Since Cronos' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Cronos' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Cronos' interrelated accounts and indicators.
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To calculate a ZScore, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. ZScores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize zscores proved it to be successful as a predictor of corporate bankruptcy.
Competition 
In accordance with the company's disclosures, Cronos Group has a Z Score of 0.0. This is 100.0% lower than that of the Pharmaceuticals sector and about the same as Health Care (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
Cronos Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cronos' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cronos could also be used in its relative valuation, which is a method of valuing Cronos by comparing valuation metrics of similar companies.Cronos is currently under evaluation in z score category among its peers.
Cronos Current Valuation Drivers
We derive many important indicators used in calculating different scores of Cronos from analyzing Cronos' financial statements. These drivers represent accounts that assess Cronos' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Cronos' important valuation drivers and their relationship over time.
2019  2020  2021  2022  2023  2024 (projected)  
Market Cap  3.1B  2.4B  1.5B  957.5M  796.2M  921.7M  
Enterprise Value  1.9B  1.4B  574.8M  196.7M  132.9M  126.2M 
Cronos ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower socialengagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Cronos' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cronos' managers, analysts, and investors.Environmental  Governance  Social 
Cronos Institutional Holders
Institutional Holdings refers to the ownership stake in Cronos that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cronos' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in highprofile magazines, and presentations at investor conferences help move the stock higher, increasing Cronos' value.Shares  
Geode Capital Management, Llc  20240630  550.2 K  
Penserra Capital Management, Llc  20240630  544.5 K  
Hillsdale Investment Management Inc.  20240630  478.4 K  
Renaissance Technologies Corp  20240630  464.9 K  
Kerrisdale Advisers, Llc  20240630  458.2 K  
Janney Montgomery Scott Llc  20240630  440.9 K  
Cannell Capital Llc  20240630  434.4 K  
Qube Research & Technologies  20240630  432.2 K  
Swiss National Bank  20240630  415.4 K  
Chescapmanager Llc  20240630  8 M  
Vanguard Group Inc  20240630  7.2 M 
Cronos Fundamentals
Return On Equity  0.0529  
Return On Asset  0.0373  
Profit Margin  (0.56) %  
Operating Margin  (0.54) %  
Current Valuation  8.67 M  
Shares Outstanding  382.28 M  
Shares Owned By Insiders  46.40 %  
Shares Owned By Institutions  15.98 %  
Number Of Shares Shorted  5.1 M  
Price To Earning  36.41 X  
Price To Book  0.81 X  
Price To Sales  8.45 X  
Revenue  88.84 M  
Gross Profit  11.97 M  
EBITDA  (73.12 M)  
Net Income  (71.13 M)  
Cash And Equivalents  944.89 M  
Cash Per Share  2.50 X  
Total Debt  2.54 M  
Debt To Equity  0.01 %  
Current Ratio  26.18 X  
Book Value Per Share  2.77 X  
Cash Flow From Operations  (41.95 M)  
Short Ratio  5.59 X  
Earnings Per Share  (0.15) X  
Target Price  2.86  
Number Of Employees  356  
Beta  1.02  
Market Capitalization  860.41 M  
Total Asset  1.13 B  
Retained Earnings  414.59 M  
Working Capital  891.91 M  
Current Asset  15.37 M  
Current Liabilities  10.59 M  
Net Asset  1.13 B 
About Cronos Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cronos Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cronos using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cronos Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.Moving together with Cronos Stock
Moving against Cronos Stock
0.61  ZTS  Zoetis Inc  PairCorr 
0.55  GILD  Gilead Sciences  PairCorr 
0.52  PAHC  Phibro Animal Health  PairCorr 
0.47  FHTX  Foghorn Therapeutics  PairCorr 
0.43  BMY  Bristol Myers Squibb  PairCorr 
The ability to find closely correlated positions to Cronos could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough 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 riskadjusted return on your portfolios.Additional Information and Resources on Investing in Cronos Stock
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 wellinformed decision on Cronos Group Stock:Check out Cronos Piotroski F Score and Cronos Valuation analysis. You can also try the Idea Optimizer module to use advanced portfolio builder with precomputed micro ideas to build optimal portfolio .
Is Pharmaceuticals space 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 (0.15)  Revenue Per Share 0.267  Quarterly Revenue Growth 0.46  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.