Gopro Inc Stock Alpha and Beta Analysis

GPRO Stock  USD 2.28  0.05  2.24%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as GoPro Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in GoPro over a specified time horizon. Remember, high GoPro's 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 GoPro's market risk premium analysis include:
Beta
2.7
Alpha
(0.97)
Risk
3.19
Sharpe Ratio
(0.20)
Expected Return
(0.62)
Please note that although GoPro alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, GoPro did 0.97  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of GoPro Inc stock's relative risk over its benchmark. GoPro Inc has a beta of 2.70  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GoPro will likely underperform. At this time, GoPro's Price Book Value Ratio is very stable compared to the past year. As of the 28th of March 2024, Price Fair Value is likely to grow to 1.01, though Enterprise Value Multiple is likely to grow to (7.44).
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.
  
Check out GoPro Backtesting, GoPro Valuation, GoPro Correlation, GoPro Hype Analysis, GoPro Volatility, GoPro History and analyze GoPro Performance.

GoPro Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. GoPro market risk premium is the additional return an investor will receive from holding GoPro 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 GoPro. 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 GoPro's performance over market.
α-0.97   β2.70

GoPro 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 GoPro's Buy-and-hold return. Our buy-and-hold chart shows how GoPro performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

GoPro Market Price Analysis

Market price analysis indicators help investors to evaluate how GoPro stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GoPro shares will generate the highest return on investment. By understating and applying GoPro stock market price indicators, traders can identify GoPro position entry and exit signals to maximize returns.

GoPro Return and Market Media

The median price of GoPro for the period between Fri, Dec 29, 2023 and Thu, Mar 28, 2024 is 2.58 with a coefficient of variation of 17.69. The daily time series for the period is distributed with a sample standard deviation of 0.49, arithmetic mean of 2.75, and mean deviation of 0.46. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
GoPro to buy Forcite Helmet Systems
01/16/2024
2
GoPros woes grow as 2024 sales targets seem out of reach - analyst
02/08/2024
3
GoPro Is Known for Making Some of the Best Action Cameras in the World. But It Makes Almost 100 Million per Year From Something That You Might Not Expect.
02/12/2024
4
GoPro Stock Is Falling Is the Collapsed Tech Company Finally a Buy Under 3 a Share
02/14/2024
5
Disposition of 55703 shares by Nicholas Woodman of GoPro at 2.49 subject to Rule 16b-3
02/15/2024
6
Disposition of 121441 shares by Brian McGee of GoPro at 2.3984 subject to Rule 16b-3
02/16/2024
7
Payment of 55703 shares by Nicholas Woodman of GoPro subject to Rule 16b-3
02/20/2024
8
GoPro to Present at Morgan Stanley Technology, Media Telecom Conference
02/21/2024
9
Numerai GP LLC Grows Stake in GoPro, Inc.
02/26/2024
10
GoPro, Inc. Shares Acquired by Caxton Associates LP
02/29/2024
11
Why Is GoPro Down 10.9 percent Since Last Earnings Report
03/08/2024
12
GoPro Inc Stock Adds 0.45 percent This Week Should You Buy - InvestorsObserver
03/20/2024
13
GoPro Undergoes Restructuring Aims To Slash Costs With Workforce And Office Space Cuts
03/27/2024

About GoPro 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 GoPro or other stocks. Alpha measures the amount that position in GoPro Inc 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.
 2020 2024 (projected)
Dividend Yield0.0050510.0111
Price To Sales Ratio1.380.5

GoPro Upcoming Company Events

As portrayed in its financial statements, the presentation of GoPro's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, GoPro's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of GoPro's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of GoPro. Please utilize our Beneish M Score to check the likelihood of GoPro's management manipulating its earnings.
7th of February 2024
Upcoming Quarterly Report
View
14th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
7th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

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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:

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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...