Cronos Group Stock Alpha and Beta Analysis
| CRON Stock | USD 2.05 0.04 1.99% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Cronos Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Cronos over a specified time horizon. Remember, high Cronos' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Cronos' market risk premium analysis include:
Beta (0.15) | Alpha (0.18) | Risk 3.16 | Sharpe Ratio (0.04) | Expected Return (0.13) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Cronos |
Cronos Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Cronos market risk premium is the additional return an investor will receive from holding Cronos long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cronos. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Cronos' performance over market.| α | -0.18 | β | -0.15 |
Cronos expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Cronos' Buy-and-hold return. Our buy-and-hold chart shows how Cronos performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Cronos Market Price Analysis
Market price analysis indicators help investors to evaluate how Cronos stock 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. By understating and applying Cronos stock market price indicators, traders can identify Cronos position entry and exit signals to maximize returns.
Cronos Return and Market Media
The median price of Cronos for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 2.18 with a coefficient of variation of 3.82. The daily time series for the period is distributed with a sample standard deviation of 0.08, arithmetic mean of 2.17, and mean deviation of 0.06. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 4867 shares by Mcginness James Andrew Iii of Cronos at 2.15 subject to Rule 16b-3 | 08/29/2024 |
2 | Cron AI and Lumotive Unveil First AI-Powered Solid-State LiDAR Featuring Advanced Beam Steering Chip | 09/17/2024 |
3 | Cronos Group Inc Q2 2024 Earnings Call Highlights Strong Revenue Growth and Strategic ... | 10/09/2024 |
4 | Disposition of 31361 shares by Gorenstein Michael Ryan of Cronos subject to Rule 16b-3 | 10/28/2024 |
5 | Acquisition by Arye Weigensberg of 6421 shares of Cronos subject to Rule 16b-3 | 11/06/2024 |
6 | Cronos Group Q3 2024 Earnings Call Transcript | 11/12/2024 |
7 | CRON Experiences Significant Stock Dip Amid Market Volatility | 11/13/2024 |
8 | Cronos CEO Mike Gorenstein Says Hes Optimistic About Trumps Impact On Cannabis | 11/14/2024 |
About Cronos Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Cronos or other stocks. Alpha measures the amount that position in Cronos Group has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 163.25 | 124.28 | 150.11 | 125.03 | PTB Ratio | 1.09 | 0.82 | 0.72 | 0.69 |
Cronos Upcoming Company Events
As portrayed in its financial statements, the presentation of Cronos' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cronos' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Cronos' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Cronos. Please utilize our Beneish M Score to check the likelihood of Cronos' management manipulating its earnings.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 27th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Cronos
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Cronos Backtesting, Cronos Valuation, Cronos Correlation, Cronos Hype Analysis, Cronos Volatility, Cronos History and analyze Cronos Performance. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Cronos technical stock 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, stock market cycles, or different charting patterns.