Westport Story

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WPRT -- USA Stock  

USD 1.94  0.13  6.28%

As many millenniums are trying to avoid consumer cyclical space, it makes sense to review Westport Fuel Systems a little further and try to understand its current market patterns. 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 a month ago
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Will Westport Fuel (NASDAQ:WPRT) price continue to gain in October?
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.

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 Downside Variance

Westport Fuel Systems has current Downside Variance of 18.56. Downside Variance (or DV) is measured by target semi-variance and is termed downside volatility. It is expressed in percentages and therefore allows for rankings in the same way as variance. One way to view downside volatility is the annualized variance of returns below the target.

Downside Variance is the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of individual decision-making under.

Downside Variance 
SUM = Summation notation
RET DEV = Actual returns deviation over selected period
N(ER) = Number of points with returns less than expected return for the period
Let's now compare Westport Fuel Downside Variance to its closest peers:

Are Westport Fuel technical ratios showing a correction?

Market Risk Adjusted Performance just dropped to -1.21, may call for upcoming price decrease. 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.

Our Conclusion on Westport Fuel

Whereas some other entities within the auto parts industry are still a little expensive, even after the recent corrections, Westport Fuel may offer a potential longer-term growth to private investors. To conclude, as of the 20th of September 2020, our analysis shows that Westport Fuel moves totally opposite to the market. The firm is undervalued and projects high probability of financial unrest for the next 2 years. However, our current 30 days 'Buy-vs-Sell' recommendation on the firm is Strong Sell.

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 Raphi Shpitalnik 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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