GoPro Backtesting

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GPRO -- USA Stock  

Earning Report: May 14, 2020  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of GoPro and determine expected loss or profit from investing in GoPro over given investment horizon. Please check GoPro Hype Analysis, GoPro Correlation, GoPro Valuation, GoPro Volatility as well as analyze GoPro Alpha and Beta and GoPro Performance.

GoPro 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in GoPro on January 3, 2020 and sell it all today you would earn a total of 0.00 from holding GoPro or generate 0.0% return on investment in GoPro over 90 days. GoPro is related to or competes with Hamilton Beach, LG Display, Emerson Radio, Mohawk Group, Turtle Beach, and IRobot. GoPro, Inc. develops and sells cameras, mountable and wearable accessories, and subscription services in the United Stat...

GoPro Upside/Downside Indicators

Information Ratio(0.033008)
Maximum Drawdown35.08
Value At Risk(9.17)
Potential Upside8.98

GoPro Market Premium Indicators

Risk Adjusted Performance(0.34)
Jensen Alpha(0.84)
Total Risk Alpha0.0737
Treynor Ratio1.1

GoPro Backtested Returns

Macroaxis considers GoPro to be abnormally volatile. GoPro holds Efficiency (Sharpe) Ratio of -0.1019, which attests that the entity had -0.1019% of return per unit of volatility over the last 3 months. Macroaxis approach into determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. GoPro exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out GoPro Risk Adjusted Performance of (0.34) and Market Risk Adjusted Performance of 1.11 to validate the risk estimate we provide. The company retains a Market Volatility (i.e. Beta) of -0.5601, which attests that as returns on market increase, returns on owning GoPro are expected to decrease at a much smaller rate. During bear market, GoPro is likely to outperform the market. Even though it is essential to pay attention to GoPro current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis approach into determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. GoPro exposes twenty-eight different technical indicators, which can help you to evaluate its performance. GoPro has an expected return of -0.696%. Please be advised to check out GoPro Maximum Drawdown as well as the relationship between Expected Short fall and Rate Of Daily Change to decide if GoPro stock performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.77 
correlation synergy

Good predictability

GoPro has good predictability. Overlapping area represents the amount of predictability between GoPro time series from January 3, 2020 to February 17, 2020 and February 17, 2020 to April 2, 2020. 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 price movement. The serial correlation of 0.77 indicates that around 77.0% of current GoPro price fluctuation can be explain by its past prices.
Correlation Coefficient0.77
Spearman Rank Test0.56
Residual Average0.0
Price Variance0.45

GoPro lagged returns against current returns

 Current and Lagged Values 

GoPro regressed lagged prices vs. current prices

 Current vs Lagged Prices 

GoPro Lagged Returns

 Regressed Prices 

Current Sentiment - GPRO

GoPro Investor Sentiment

Majority of Macroaxis users are currently bullish on GoPro. What is your judgment towards investing in GoPro? Are you bullish or bearish?
98% Bullish
2% Bearish

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Please check GoPro Hype Analysis, GoPro Correlation, GoPro Valuation, GoPro Volatility as well as analyze GoPro Alpha and Beta and GoPro Performance. Please also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page