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 
 5.36 

GoPro Stock Forecast Pattern

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GoPro Forecasted Value

Market Value
4.97
13th of July 2020
5.36
Expected Value
9.73
Upside

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.
Earnings
Estimates (2)
LowProjected EPSHigh
-0.73-0.57-0.41
Details
Hype
Prediction
LowEstimated ValueHigh
0.514.889.25
Details
Intrinsic
Valuation
LowReal ValueHigh
0.193.808.17
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.564.805.03
Details
5 Analysts
Consensus
LowTarget PriceHigh
2.503.887.00
Details

Other Forecasting Options for GoPro

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GoPro Risk Indicators

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?
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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..
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