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GPRO Forecast

Price Forecast:

80% Confidence

Bearish <-> Bullish

Bullish Case: Positive traction from Hero 13's innovative features could boost brand relevance, potentially reviving interest and leading to short-term price stability.

Bearish Case: Stiff competition from DJI, declining stock history, and skepticism about innovation make negative price trends likely, as seen in return surface data.

Potential Outcomes: GPRO's price could decline further (60% chance) due to competition. A small recovery might happen if consumer sentiment improves and new releases succeed (20%).

Trading Oracle: Utilize Helium Short Volatility by establishing bearish credit spreads due to high implied volatility and GPRO's history of underperformance. Focus on near-term options expiring in 30-60 days to capture premium decay. This strategy takes advantage of minimal upside risk and offers a high probability of profit.

December 26, 2024

GoPro Forecast

GPRO GoPro

Price Forecast
Future Uncertainty

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Correlated Assets

Assets that tend to move strongly with GPRO

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MVIS Microvision (0.9)

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ZI ZoomInfo (0.89)

CSIQ Canadian Solar (0.89)

Uncorrelated Assets

Assets with little price relationship to GPRO

INTU Intuit (-0.01)

HCC Warrior Met Coal (0.01)

RRC Range Resources (-0.02)

MP MP Materials (0.02)

NET Cloudflare (-0.03)

Anticorrelated Assets

Assets that tend to move strongly against GPRO

CVLT Commvault Systems (-0.89)

MO Altria (-0.89)

BSX Boston Scientific (-0.89)

HEI Heico (-0.9)

GDDY Godaddy (-0.92)

GPRO News over Time

Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

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Bullish / Bearish

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* Disclaimer: Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.