Gopro Inc Stock Market Value

GPRO Stock  USD 2.23  0.02  0.90%   
GoPro's market value is the price at which a share of GoPro trades on a public exchange. It measures the collective expectations of GoPro Inc investors about its performance. GoPro is selling at 2.23 as of the 29th of March 2024; that is 0.90 percent increase since the beginning of the trading day. The stock's open price was 2.21.
With this module, you can estimate the performance of a buy and hold strategy of GoPro Inc and determine expected loss or profit from investing in GoPro over a given investment horizon. Check out GoPro Correlation, GoPro Volatility and GoPro Alpha and Beta module to complement your research on GoPro.
Symbol

GoPro Inc Price To Book Ratio

Is GoPro's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoPro. If investors know GoPro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoPro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.94)
Earnings Share
(0.35)
Revenue Per Share
6.557
Quarterly Revenue Growth
(0.08)
Return On Assets
(0.05)
The market value of GoPro Inc is measured differently than its book value, which is the value of GoPro that is recorded on the company's balance sheet. Investors also form their own opinion of GoPro's value that differs from its market value or its book value, called intrinsic value, which is GoPro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoPro's market value can be influenced by many factors that don't directly affect GoPro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GoPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoPro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in GoPro on April 9, 2022 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 720 days. GoPro is related to or competes with Fenbo Holdings, Zepp Health, Sony Group, Silynxcom, Universal Electronics, Compass Diversified, and Compass Diversified. GoPro, Inc. develops and sells cameras, mountable and wearable accessories, and subscription services and software in th... 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GoPro's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.112.235.40
Details
Intrinsic
Valuation
LowRealHigh
0.132.515.68
Details
Naive
Forecast
LowNextHigh
0.042.045.21
Details
3 Analysts
Consensus
LowTargetHigh
4.695.155.72
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GoPro. Your research has to be compared to or analyzed against GoPro's peers to derive any actionable benefits. When done correctly, GoPro's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in GoPro Inc.

GoPro Inc Backtested Returns

GoPro Inc holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of volatility over the last 3 months. GoPro Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GoPro's risk adjusted performance of (0.11), and Market Risk Adjusted Performance of (0.23) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 2.7, which attests to 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, GoPro will likely underperform. GoPro Inc has an expected return of -0.65%. Please make sure to check out GoPro jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if GoPro Inc performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.69  

Good predictability

GoPro Inc has good predictability. Overlapping area represents the amount of predictability between GoPro time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 0.69 indicates that around 69.0% of current GoPro price fluctuation can be explain by its past prices.
Correlation Coefficient0.69
Spearman Rank Test0.63
Residual Average0.0
Price Variance0.5

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  

GoPro Investors Sentiment

The influence of GoPro's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in GoPro. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to GoPro's public news can be used to forecast risks associated with an investment in GoPro. The trend in average sentiment can be used to explain how an investor holding GoPro can time the market purely based on public headlines and social activities around GoPro Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
GoPro's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for GoPro's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average GoPro's news discussions. The higher the estimated score, the more favorable is the investor's outlook on GoPro.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards GoPro in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, GoPro's short interest history, or implied volatility extrapolated from GoPro options trading.

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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 Stocks Directory module to find actively traded stocks across global markets.

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When running GoPro's price analysis, check to measure GoPro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GoPro is operating at the current time. Most of GoPro's value examination focuses on studying past and present price action to predict the probability of GoPro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoPro's price. Additionally, you may evaluate how the addition of GoPro to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of GoPro technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of GoPro trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...