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 can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Westport Fuel Systems. In general, sophisticated investors focus on analyzing Westport Fuel stock price patterns and their correlations with different microeconomic environment and drivers. They 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, many experienced traders 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, anticipate that the market will even out over time. This tendency of Westport Fuel's 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 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 toward 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 DetailsWestport Fuel Gross Profit
Westport Fuel Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Westport Fuel previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Westport Fuel Gross Profit growth over the last 10 years. Please check Westport Fuel's
gross profit and other
fundamental indicators for more details.
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(RET DEV)2 N(ER) |
| = | 18.56 |
| 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:
| WPRT | 18.5629093058455 |
| DNZOY | 2.07 |
| APTV | 4.2 |
| CTTAY | 4.74 |
| CTTAF | 16.78 |
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.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile 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
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