Cronos Chance of Future Crypto Coin Price Finishing Under 0.19
| CRO Crypto | USD 0.19 0.01 5.56% |
Cronos |
Cronos Target Price Odds to finish below 0.19
The tendency of Cronos Crypto Coin 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 move below current price in 90 days |
| 0.19 | 90 days | 0.19 | close to 99 |
Based on a normal probability distribution, the odds of Cronos to move below current price in 90 days from now is close to 99 (This Cronos probability density function shows the probability of Cronos Crypto Coin to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon the crypto coin has the beta coefficient of 2.71 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. Moreover Cronos has an alpha of 1.4624, implying that it can generate a 1.46 percent excess return over Dow Jones Industrial 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. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin 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.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, 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 Dow Jones | 1.46 | |
β | Beta against Dow Jones | 2.71 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.15 |
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 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 is way too risky over 90 days horizon | |
| Cronos has some characteristics of a very speculative cryptocurrency | |
| Cronos appears to be risky and price may revert if volatility continues |
Cronos Technical Analysis
Cronos' future price can be derived by breaking down and analyzing its technical indicators over time. Cronos Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cronos. In general, you should focus on analyzing Cronos Crypto Coin 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' crypto coin 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 crypto coin market movement and maximize returns from investment trading.
Things to note about Cronos
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 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cronos is way too risky over 90 days horizon | |
| Cronos has some characteristics of a very speculative cryptocurrency | |
| Cronos appears to be risky and price may revert if volatility continues |
Check out Cronos Backtesting, Portfolio Optimization, Cronos Correlation, Cryptocurrency Center, Cronos Volatility, Cronos History as well as Cronos Performance. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.