GoPro Alpha and Beta Analysis

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GPRO -- USA Stock  

Report: 6th of August 2020  

This module allows you to check different measures of market premium (i.e. an alpha and beta) for all equities including GoPro Inc, as well as systematic risk associated with investing in GoPro over a specified time horizon. Please check GoPro Backtesting, GoPro Valuation, GoPro Correlation, GoPro Hype Analysis, GoPro Volatility, GoPro History and analyze GoPro Performance.

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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., DOW index.) So in this particular case, GoPro did 1.09  better 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 0.0376  . Let's try to break down what GoPro's beta means in this case. 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.
Book Value per Share is projected to rise to 2.24 this year. Enterprise Value over EBIT is projected to rise to 5,772 this year. 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.

  GoPro Quarterly Book Value per Share

GoPro Market Premiums

α1.09   β-0.04
30 days against DJI

GoPro expected buy-and-hold returns

GoPro Market Price Analysis

GoPro Return and Market Media

The median price of GoPro for the period between Tue, Apr 14, 2020 and Mon, Jul 13, 2020 is 4.27 with a coefficient of variation of 20.48. The daily time series for the period is distributed with a sample standard deviation of 0.82, arithmetic mean of 3.99, and mean deviation of 0.74. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
      Timeline 
1
Acquisition by Eve Saltman of 81019 shares of GoPro subject ...04/16/2020
2
Payment of 7735 shares by Eve Saltman of GoPro subject to Ru...04/17/2020
3
Digging Up the Details on GoPro, Inc. - US Post News04/22/2020
4
Disposition of 180000 shares by Nicholas Woodman of GoPro su...05/06/2020
5
Bristol-Myers, Peloton, Lyft, Unemployment, PayPal - 5 Thing...05/07/2020
6
Exercise or conversion by Anthony Bates of 15547 shares of G...05/11/2020
7
Exercise or conversion by Nicholas Woodman of 83334 shares o...05/15/2020
8
Payment of 437 shares by Dean Jahnke of GoPro subject to Rul...05/19/2020
9
Acquisition by Alexander Lurie of 31336 shares of GoPro subj...05/22/2020
10
Analysts Estimate GameStop to Report a Decline in Earnings W...06/02/2020
11
GoPro exotic insider transaction detected06/04/2020
12
GoPro Inc. Soars 6.79 percent on June 08 - Equities.com06/08/2020
13
Disposition of 576800 shares by Nicholas Woodman of GoPro su...06/10/2020
14
Mix Active Stocks in Focus Mosaic , GoPro , RXi Pharmaceutic...06/15/2020
15
Acquisition by Peter Gotcher of 10496 shares of GoPro subjec...06/23/2020
16
After A 12.44 percent Rise This Year Is GoPro, Inc. A Better...07/10/2020

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 equity instruments such as Ford or other stocks, funds, and ETFs. 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.
 2014 2019 2020 (projected)
Long Term Debt to Equity0.440.640.69
Interest Coverage24.448.238.44

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