Westport Story

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WPRT -- USA Stock  

USD 8.20  0.57  6.50%

While some millenniums are indifferent towards consumer cyclical space, it makes sense to review Westport Fuel Systems in terms of its current potentials. We are going to address the reasons why we are still confident in anticipation of a recovery. The returns on the market and returns on Westport Fuel appear slightly related to each other for the last few months. Uncertain basic indicators of the firm may also call for signs of mid-term losses for Westport private investors. The stock is currently undergoing an active upward rally.
Published over three months ago
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Our newest technical analysis of Westport Fuel Systems (NASDAQ:WPRT)
The company's average rating is Buy from 5 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Westport Fuel market sentiment investors' perception of the future value of Westport. Let us look at a few aspects of Westport technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Westport Fuel Systems. In general, we focus on analyzing Westport Fuel stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Westport Fuel's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Westport Fuel's intrinsic value. In addition to deriving basic predictive indicators for Westport Fuel, we also check how macroeconomic factors affect Westport Fuel price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Westport Fuel's stock price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Westport Fuel in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Westport Fuel. Your research has to be compared to or analyzed against Westport Fuel's peers to derive any actionable benefits. When done correctly, Westport Fuel's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Westport Fuel Systems.

How does Westport Stands against Peers?

Analyzing Westport Fuel competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Westport Fuel across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Westport Fuel Competition Details

How Westport utilizes its cash?

To perform a cash flow analysis of Westport Fuel, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Westport Fuel is receiving and how much cash it distributes out in a given period. The Westport Fuel cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Closer look at Westport Fuel Mean Deviation

Westport Fuel Systems has current Mean Deviation of 4.41. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.

Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.

Mean Deviation 
 = 
SUM(RET DEV) 
 = 
4.41
SUM = Summation notation
RET DEV = Sum of return deviations of Westport Fuel
N = Number of calculation points for selected time horizon
Let's now compare Westport Fuel Mean Deviation to its closest peers:
WPRT
DNZOY
APTV
CTTAY
CTTAF
WPRT4.412578148301195
DNZOY1.31
APTV1.56
CTTAY1.98
CTTAF2.57

Are Westport Fuel technical ratios showing a throwback?

Jensen alpha is down to 0.65. It may call for a possible volatility drop. Westport Fuel Systems is displaying above-average volatility over the selected time horizon. Investors should scrutinize Westport Fuel Systems independently to ensure intended market timing strategies are aligned with expectations about Westport Fuel volatility.

Whereas some other firms under the auto parts industry are still a bit expensive, Westport Fuel may offer a potential longer-term growth to private investors. The inconsistency in the assessment between current Westport valuation and our trade advice on Westport Fuel is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Westport Fuel.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Westport Fuel Systems. Please refer to our Terms of Use for any information regarding our disclosure principles.

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