As of 23 of October GoPro retains Market Risk Adjusted Performance of (0.28) and Risk Adjusted Performance of (0.07). GoPro technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the corporation future prices. In other words you can use this information to find out if the corporation will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for GoPro which can be compared to its competitors. Please check out GoProStandard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if GoPro is priced fairly providing market reflects its last-minute price of 3.82 per share. Given that GoPro has Jensen Alpha of (0.34), we strongly advise you confirm GoPro regular market performance to make sure the company can sustain itself at future point.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Normalized Average True Range is used to analyze tradable apportunities for GoPro across different markets. View also all equity analysis or get more info about normalized average true range volatility indicators indicator.
GoPro Trend Analysis
Use this graph to draw trend lines for GoPro. You can use it to identify possible trend reversals for GoPro as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual GoPro price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
GoPro Best Fit Change Line
The following chart estimates an ordinary least squares regression model for GoPro applied against its price change over selected period. The best fit line has a slop of 0.0092 which may suggest that GoPro market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3.19, which is the sum of squared deviations for the predicted GoPro price change compared to its average price change.