Cronos Price on November 11, 2024
| CRO Crypto | USD 0.18 0.01 5.88% |
If you're considering investing in Cronos Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Cronos stands at 0.18, as last reported on the 28th of November, with the highest price reaching 0.18 and the lowest price hitting 0.18 during the day. Cronos is abnormally risky given 3 months investment horizon. Cronos secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that digital coin had a 0.15% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.72% are justified by taking the suggested risk. Use Cronos Downside Deviation of 4.78, risk adjusted performance of 0.1246, and Mean Deviation of 4.93 to evaluate coin specific risk that cannot be diversified away.
Cronos Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Cronos |
Sharpe Ratio = 0.1516
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 11.33 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.72 actual daily | 34 66% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Cronos is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cronos by adding it to a well-diversified portfolio.
Cronos Valuation on November 11, 2024
It is possible to determine the worth of Cronos on a given historical date. On November 11, 2024 Cronos was worth 0.2 at the beginning of the trading date compared to the closed value of 0.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cronos crypto coin. Still, in general, we apply an absolute valuation method to find Cronos' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cronos where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cronos' related companies.
| Open | High | Low | Close | Volume | |
| 0.11 | 0.11 | 0.10 | 0.10 | 80,324,212 | |
11/11/2024 | 0.20 | 0.22 | 0.16 | 0.18 | 564,671,772 |
| 0.18 | 0.20 | 0.16 | 0.17 | 323,965,712 |
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Cronos Trading Date Momentum on November 11, 2024
| On November 12 2024 Cronos was traded for 0.17 at the closing time. The maximum traded price for the trading interval was 0.20 and the lowest daily price was 0.16 . The daily volume was recorded at 324 M. The volume of trading on 12th of November 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 5.56% . The overall trading delta to the closing price today is 5.56% . |
About Cronos Crypto Coin history
Cronos investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cronos is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cronos will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market.
Cronos Crypto Coin Technical Analysis
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.
Price Boundaries
Cronos Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Cronos cannot be verified against its exchange. Please verify the symbol is currently traded on CRYPTO Exchanges. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cronos November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Cronos crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cronos shares will generate the highest return on investment.
Cronos Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cronos' price direction in advance. Along with the technical and fundamental analysis of Cronos Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cronos to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1246 | |||
| Jensen Alpha | 1.42 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.3253 | |||
| Treynor Ratio | 0.7668 |
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| Volume Indicators |
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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.