Cronos Group Stock Price Patterns
| CRON Stock | CAD 3.50 0.12 3.31% |
Momentum 43
Sell Extended
Oversold | Overbought |
Quarterly Earnings Growth 2.388 | EPS Estimate Current Year (0) | EPS Estimate Next Year 0.1157 | Wall Street Target Price 4.1467 | Quarterly Revenue Growth 0.061 |
Using Cronos hype-based prediction, you can estimate the value of Cronos Group from the perspective of Cronos response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Cronos to buy its stock at a price that has no basis in reality. In that case, they are not buying Cronos because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Cronos after-hype prediction price | CAD 3.5 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Cronos |
Cronos After-Hype Price Density Analysis
As far as predicting the price of Cronos at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Cronos or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Cronos, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Cronos Estimiated After-Hype Price Volatility
In the context of predicting Cronos' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Cronos' historical news coverage. Cronos' after-hype downside and upside margins for the prediction period are 0.39 and 6.61, respectively. We have considered Cronos' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Cronos is unstable at this time. Analysis and calculation of next after-hype price of Cronos Group is based on 3 months time horizon.
Cronos Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Cronos is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cronos backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Cronos, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.02 | 3.14 | 0.00 | 0.00 | 5 Events / Month | 1 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
3.50 | 3.50 | 0.00 |
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Cronos Hype Timeline
Cronos Group is currently traded for 3.50on Toronto Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Cronos is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at 0.02%. %. The volatility of related hype on Cronos is about 23550.0%, with the expected price after the next announcement by competition of 3.50. About 47.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.94. Some equities with similar Price to Book (P/B) outperform the market in the long run. Cronos Group had not issued any dividends in recent years. The entity had 1:7 split on the 17th of December 2014. Assuming the 90 days trading horizon the next estimated press release will be in about 5 days. Check out Cronos Basic Forecasting Models to cross-verify your projections.Cronos Related Hype Analysis
Having access to credible news sources related to Cronos' direct competition is more important than ever and may enhance your ability to predict Cronos' future price movements. Getting to know how Cronos' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Cronos may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| EXE | Extendicare | (0.06) | 3 per month | 0.94 | 0.22 | 2.87 | (2.21) | 18.99 | |
| WELL | WELL Health Technologies | 0.03 | 9 per month | 0.00 | (0.18) | 3.17 | (3.88) | 11.63 | |
| TLRY | Tilray Inc | 0.08 | 4 per month | 3.62 | 0.12 | 12.64 | (9.73) | 889.92 | |
| GUD | Knight Therapeutics | 0.08 | 2 per month | 0.00 | (0.06) | 1.89 | (1.47) | 6.25 | |
| SIA | Sienna Senior Living | (0.06) | 4 per month | 0.77 | 0.08 | 2.78 | (1.70) | 5.52 | |
| ROMJ | Rubicon Organics | 0.01 | 6 per month | 0.00 | (0.07) | 5.88 | (6.00) | 16.38 |
Cronos Additional Predictive Modules
Most predictive techniques to examine Cronos price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Cronos using various technical indicators. When you analyze Cronos charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Cronos Predictive Indicators
The successful prediction of Cronos stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Cronos Group, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Cronos based on analysis of Cronos hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Cronos's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Cronos's related companies. | 2023 | 2024 | 2025 | 2026 (projected) | PB Ratio | 0.96 | 1.04 | 1.19 | 1.13 | Capex To Depreciation | 0.42 | 1.41 | 1.62 | 1.54 |
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 against Cronos Stock
The ability to find closely correlated positions to Cronos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough 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 risk-adjusted return on your portfolios.Check out Cronos Basic Forecasting Models to cross-verify your projections. You can also try the Stocks Directory module to find actively traded stocks across global markets.