Cronos Performance
| CRO Crypto | USD 0.20 0.01 5.26% |
The crypto shows a Beta (market volatility) of 2.21, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cronos will likely underperform.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Cronos are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Cronos exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Robinhood in 3.9 mln settlement with California over crypto withdrawals - Reuters | 09/04/2024 |
2 | Solana cryptocurrency could rally 400 percent if Trump wins election, Standard Chartered says - CNBC | 10/08/2024 |
3 | Trumps social media company considering crypto payment service, NY Times reports - Reuters | 11/21/2024 |
Cronos |
Cronos Relative Risk vs. Return Landscape
If you would invest 8.17 in Cronos on August 26, 2024 and sell it today you would earn a total of 11.83 from holding Cronos or generate 144.8% return on investment over 90 days. Cronos is generating 1.7951% of daily returns assuming 10.963% volatility of returns over the 90 days investment horizon. Simply put, 97% of all crypto coins have less volatile historical return distribution than Cronos, and 65% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Cronos Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cronos' investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Cronos, and traders can use it to determine the average amount a Cronos' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1637
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | CRO | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 10.96 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.8 actual daily | 35 65% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Cronos is performing at about 12% 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.
About Cronos Performance
By analyzing Cronos' fundamental ratios, stakeholders can gain valuable insights into Cronos' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Cronos has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Cronos has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Cronos is peer-to-peer digital currency powered by the Blockchain technology.| 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 | |
| Latest headline from news.google.com: Trumps social media company considering crypto payment service, NY Times reports - Reuters |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.