GoPro (Brazil) Market Value
| GPRO34 Stock | BRL 7.28 0.02 0.27% |
| Symbol | GoPro |
GoPro 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to GoPro's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of GoPro.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in GoPro on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding GoPro Inc or generate 0.0% return on investment in GoPro over 60 days. GoPro is related to or competes with Unity Software, Cognizant Technology, Take Two, Planet Fitness, Bemobi Mobile, Autohome, and Zoom Video. GoPro, Inc. develops and sells cameras, drones, and mountable and wearable accessories in the United States and internat... More
GoPro Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure GoPro's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess GoPro Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.71 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 31.37 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 6.15 |
GoPro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoPro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GoPro's standard deviation. In reality, there are many statistical measures that can use GoPro historical prices to predict the future GoPro's volatility.| Risk Adjusted Performance | 0.023 | |||
| Jensen Alpha | 0.1039 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.21) |
GoPro Inc Backtested Returns
At this point, GoPro is slightly risky. GoPro Inc holds Efficiency (Sharpe) Ratio of 0.0294, which attests that the entity had a 0.0294% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for GoPro Inc, which you can use to evaluate the volatility of the firm. Please check out GoPro's risk adjusted performance of 0.023, and Market Risk Adjusted Performance of (0.20) to validate if the risk estimate we provide is consistent with the expected return of 0.12%. GoPro has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning GoPro are expected to decrease at a much lower rate. During the bear market, GoPro is likely to outperform the market. GoPro Inc right now retains a risk of 4.01%. Please check out GoPro sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if GoPro will be following its current trending patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
GoPro Inc has weak reverse predictability. Overlapping area represents the amount of predictability between GoPro time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GoPro Inc price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current GoPro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
GoPro Inc lagged returns against current returns
Autocorrelation, which is GoPro stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting GoPro's stock expected returns. We can calculate the autocorrelation of GoPro returns to help us make a trade decision. For example, suppose you find that GoPro has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
GoPro regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If GoPro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GoPro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GoPro stock over time.
Current vs Lagged Prices |
| Timeline |
GoPro Lagged Returns
When evaluating GoPro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GoPro stock have on its future price. GoPro autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, GoPro autocorrelation shows the relationship between GoPro stock current value and its past values and can show if there is a momentum factor associated with investing in GoPro Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in GoPro Stock
When determining whether GoPro Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GoPro's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gopro Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gopro Inc Stock:Check out GoPro Correlation, GoPro Volatility and GoPro Alpha and Beta module to complement your research on GoPro. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
GoPro 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.