GoPro Stock Forecast - Naive Prediction

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GPRO -- USA Stock  

Report: 6th of August 2020  

GoPro Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast GoPro historical stock prices and determine the direction of GoPro Inc's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of GoPro historical fundamentals such as revenue growth or operating cash flow patterns. Although GoPro naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of GoPro Inc systematic risk associated with finding meaningful patterns of GoPro fundamentals over time. Please check Historical Fundamental Analysis of GoPro to cross-verify your projections.

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GoPro Cash and Equivalents Turnover is quite stable at the moment as compared to the past year. The company's current value of Cash and Equivalents Turnover is estimated at about 7.06. GoPro Weighted Average Shares Diluted is quite stable at the moment as compared to the past year. The company's current value of Weighted Average Shares Diluted is estimated at about 145.97 Million. Issuance Purchase of Equity Shares is projected to rise to about 5.7 M this year, although the value of Weighted Average Shares will most likely fall to about 142.5 M.
A naive forecasting model for GoPro is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of GoPro Inc value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

GoPro Naive Prediction Price Forecast For the 14th of July 2020

Given 30 days horizon, the forecasted value of GoPro Inc on the next trading day is expected to be  5.36  with a mean absolute deviation of  0.16 , mean absolute percentage error of  0.039562 , and the sum of the absolute errors of  9.58 

GoPro Stock Forecast Pattern

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GoPro Forecasted Value

Market Value
13th of July 2020
Expected Value

Model Predictive Factors

AICAkaike Information Criteria114.8806
BiasArithmetic mean of the errors None
MADMean absolute deviation0.157
MAPEMean absolute percentage error0.0386
SAESum of the absolute errors9.5791
This model is not at all useful as a medium-long range forecasting tool of GoPro Inc. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict GoPro. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for GoPro

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GoPro Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Estimates (2)
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Current Sentiment - GPRO

GoPro Inc Investor Sentiment

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

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Please check Historical Fundamental Analysis of GoPro to cross-verify your projections. Please also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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