GoPro Total Assets vs Common Stock Shares Outstanding Analysis
GPRO Stock | USD 1.35 0.01 0.74% |
GoPro financial indicator trend analysis is much more than just examining GoPro Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoPro Inc is a good investment. Please check the relationship between GoPro Total Assets and its Common Stock Shares Outstanding accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoPro Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Total Assets vs Common Stock Shares Outstanding
Total Assets vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoPro Inc Total Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between GoPro's Total Assets and Common Stock Shares Outstanding is 0.72. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of GoPro Inc, assuming nothing else is changed. The correlation between historical values of GoPro's Total Assets and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of GoPro Inc are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Assets i.e., GoPro's Total Assets and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of GoPro assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in GoPro Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from GoPro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoPro Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoPro Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, GoPro's Selling General Administrative is very stable compared to the past year. As of the 31st of October 2024, Issuance Of Capital Stock is likely to grow to about 4.3 M, while Tax Provision is likely to drop (12.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 477.1M | 406.8M | 323.6M | 436.2M | Total Revenue | 1.2B | 1.1B | 1.0B | 1.2B |
GoPro fundamental ratios Correlations
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GoPro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GoPro fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 144.9M | 149.0M | 163.2M | 178.3M | 153.3M | 153.0M | |
Total Assets | 792.8M | 771.4M | 1.3B | 1.1B | 968.0M | 921.0M | |
Short Long Term Debt Total | 220.9M | 279.5M | 286.5M | 184.0M | 128.7M | 198.4M | |
Other Current Liab | 141.8M | 113.8M | 128.6M | 118.9M | 108.1M | 137.6M | |
Total Current Liabilities | 327.1M | 262.7M | 474.8M | 275.9M | 279.1M | 339.5M | |
Total Stockholder Equity | 233.5M | 216.0M | 615.9M | 611.6M | 555.8M | 414.2M | |
Other Liab | 20.5M | 22.5M | 14.8M | 15.0M | 17.2M | 29.0M | |
Property Plant And Equipment Net | 89.7M | 55.3M | 46.3M | 35.1M | 27.4M | 26.0M | |
Current Deferred Revenue | 15.5M | 28.1M | 42.5M | 55.9M | 57.8M | 60.7M | |
Net Debt | 70.6M | (46.1M) | (114.6M) | (39.7M) | (94.0M) | (98.7M) | |
Retained Earnings | (583.7M) | (650.5M) | (279.3M) | (196.1M) | (249.3M) | (261.8M) | |
Accounts Payable | 160.7M | 111.4M | 171.5M | 91.6M | 102.6M | 139.9M | |
Cash | 150.3M | 325.7M | 401.1M | 223.7M | 222.7M | 239.0M | |
Non Current Assets Total | 256.8M | 214.7M | 478.0M | 470.9M | 485.4M | 296.6M | |
Non Currrent Assets Other | 15.5M | 11.8M | 285.2M | 10.2M | 6.3M | 5.9M | |
Other Assets | 15.5M | 43.3M | 285.2M | 289.3M | 332.7M | 349.3M | |
Long Term Debt | 148.8M | 218.2M | 111.3M | 141.0M | 92.6M | 105.2M | |
Cash And Short Term Investments | 165.1M | 325.7M | 538.9M | 367.3M | 246.6M | 306.2M | |
Net Receivables | 200.6M | 107.2M | 114.2M | 77.0M | 91.5M | 102.0M | |
Common Stock Total Equity | 930.9M | 980.1M | 1.0B | 960.9M | 1.1B | 758.4M | |
Liabilities And Stockholders Equity | 792.8M | 771.4M | 1.3B | 1.1B | 968.0M | 921.0M | |
Non Current Liabilities Total | 232.2M | 292.7M | 169.1M | 189.4M | 133.0M | 167.2M | |
Inventory | 144.2M | 97.9M | 86.4M | 127.1M | 106.3M | 100.7M | |
Other Current Assets | 26.0M | 25.9M | 42.3M | 34.6M | 38.3M | 28.8M | |
Other Stockholder Equity | 1.0M | 9.8M | (113.6M) | (153.2M) | (193.2M) | (202.9M) | |
Total Liab | 559.3M | 555.4M | 644.0M | 465.4M | 412.1M | 506.8M | |
Property Plant And Equipment Gross | 89.7M | 55.3M | 46.3M | 35.1M | 106.9M | 63.3M | |
Total Current Assets | 536.0M | 556.7M | 781.9M | 606.0M | 482.6M | 624.4M | |
Short Term Debt | 9.1M | 9.4M | 132.2M | 9.6M | 10.5M | 10.0M | |
Intangible Assets | 5.2M | 1.2M | 62K | 15K | 13.5K | 12.8K | |
Common Stock | 930.9M | 980.1M | 1.0B | 960.9M | 998.4M | 786.7M | |
Property Plant Equipment | 36.5M | 23.7M | 46.3M | 13.3M | 12.0M | 11.4M | |
Net Tangible Assets | 81.8M | 68.3M | 469.4M | 465.1M | 418.6M | 252.4M | |
Retained Earnings Total Equity | (583.7M) | (650.5M) | (279.3M) | (196.1M) | (176.5M) | (185.3M) | |
Short Term Investments | 14.8M | 0.0 | 137.8M | 143.6M | 23.9M | 22.7M | |
Non Current Liabilities Other | 83.4M | 74.5M | 14.8M | 5.4M | 3.7M | 3.5M | |
Long Term Debt Total | 148.8M | 218.2M | 111.3M | 141.0M | 162.2M | 162.9M |
Pair Trading with GoPro
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoPro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoPro will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to GoPro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoPro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoPro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoPro Inc to buy it.
The correlation of GoPro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoPro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoPro Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GoPro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoPro Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoPro. If investors know GoPro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoPro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.94) | Earnings Share (2.27) | Revenue Per Share 6.138 | Quarterly Revenue Growth (0.23) | Return On Assets (0.07) |
The market value of GoPro Inc is measured differently than its book value, which is the value of GoPro that is recorded on the company's balance sheet. Investors also form their own opinion of GoPro's value that differs from its market value or its book value, called intrinsic value, which is GoPro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoPro's market value can be influenced by many factors that don't directly affect GoPro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GoPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoPro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.