GoPro Stock Performance

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GPRO -- USA Stock  

Report: 6th of August 2020  

On a scale of 0 to 100, GoPro holds a performance score of 12. The company retains a Market Volatility (i.e. Beta) of -0.0376, which attests to not very significant fluctuations relative to the market. 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. Although it is vital to follow to GoPro Inc current price history, it is good to be conservative about what you can do with the information regarding equity current price movements. The approach into determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-eight technical indicators for GoPro Inc, which you can use to evaluate the performance of the firm. Please utilizes GoPro maximum drawdown, as well as the relationship between the expected short fall and rate of daily change to make a quick decision on whether GoPro Inc current trending patterns will revert.

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1212

GoPro Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in GoPro Inc are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days. Although quite weak forward indicators, GoPro disclosed solid returns over the last few months and may actually be approaching a breakup point.
Quick Ratio0.82
Fifty Two Week Low2.0000
Target High Price7.00
Fifty Two Week High5.7900
Target Low Price2.50

GoPro Relative Risk vs. Return Landscape

If you would invest  308.00  in GoPro Inc on June 13, 2020 and sell it today you would earn a total of  182.00  from holding GoPro Inc or generate 59.09% return on investment over 30 days. GoPro Inc is currently generating 0.8238% in daily expected returns and assumes 4.3719% risk (volatility on return distribution) over the 30 days horizon. In different words, 38% of equities are less volatile than GoPro and 85% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 30 days, GoPro is expected to generate 2.45 times more return on investment than the market. However, the company is 2.45 times more volatile than its market benchmark. It trades about 0.19 of its potential returns per unit of risk. The DOW is currently generating roughly 0.1 per unit of risk.

GoPro Market Risk Analysis

Sharpe Ratio = 0.1884
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GoPro Stock Performance Indicators

Estimated Market Risk
 4.37
  actual daily
 
 38 %
of total potential
 
3838
Expected Return
 0.82
  actual daily
 
 15 %
of total potential
 
1515
Risk-Adjusted Return
 0.19
  actual daily
 
 12 %
of total potential
 
1212
Based on monthly moving average GoPro is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GoPro by adding it to a well-diversified portfolio.

About GoPro Performance

To evaluate GoPro Inc Stock as a possible investment, you need to clearly understand its upside, downside potential, and overall future performance outlook. You may be satisfied when GoPro generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare GoPro's stock performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand GoPro Inc stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents GoPro's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section. Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2020
Effect of Exchange Rate Changes on Cash923 K995.9 K
Return on Investment(0.64) (0.69) 
Return on Average Assets(0.021) (0.022658) 
Return on Average Equity(0.08) (0.08) 
Return on Invested Capital(0.36) (0.37) 
Return on Sales(0.07) (0.07) 
GoPro, Inc. develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. GoPro, Inc. was founded in 2004 and is headquartered in San Mateo, California. GoPro operates under Consumer Electronics classification in the United States and is traded on BATS Exchange. It employs 926 people.

GoPro Alerts

Equity Alerts and Improvement Suggestions

GoPro Inc appears to be very risky and stock price may revert if volatility continues
The company reported previous year revenue of 1.07 B. Net Loss for the year was (53.8 M) with profit before overhead, payroll, taxes, and interest of 412.84 M.
GEN-PROBE INC currently holds about 124.93 M in cash with (27.74 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.85.
Roughly 66.0% of the company shares are owned by institutional investors
Please check Risk vs Return Analysis. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.
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