Westport Fuel Systems Stock Market Value
| WPRT Stock | USD 6.03 0.08 1.34% |
| Symbol | Westport |
Is Construction Machinery & Heavy Transportation Equipment 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 Westport Fuel. If investors know Westport 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 Westport Fuel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Westport Fuel Systems is measured differently than its book value, which is the value of Westport that is recorded on the company's balance sheet. Investors also form their own opinion of Westport Fuel's value that differs from its market value or its book value, called intrinsic value, which is Westport Fuel'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 Westport Fuel's market value can be influenced by many factors that don't directly affect Westport Fuel'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 Westport Fuel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westport Fuel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westport Fuel'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.
Westport Fuel 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Westport Fuel's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Westport Fuel.
| 06/26/2024 |
| 07/26/2024 |
If you would invest 0.00 in Westport Fuel on June 26, 2024 and sell it all today you would earn a total of 0.00 from holding Westport Fuel Systems or generate 0.0% return on investment in Westport Fuel over 30 days. Westport Fuel is related to or competes with Foresight Autonomous, Hyliion Holdings, American Axle, Gentex, Luminar Technologies, Quantumscape Corp, and Kandi Technologies. Westport Fuel Systems Inc. engages in the engineering, manufacturing, and supplying alternative fuel systems and compone... More
Westport Fuel Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Westport Fuel's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Westport Fuel Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.0222 | |||
| Maximum Drawdown | 19.88 | |||
| Value At Risk | (4.54) | |||
| Potential Upside | 6.09 |
Westport Fuel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westport Fuel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westport Fuel's standard deviation. In reality, there are many statistical measures that can use Westport Fuel historical prices to predict the future Westport Fuel's volatility.| Risk Adjusted Performance | 0.0377 | |||
| Jensen Alpha | 0.0773 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0294 | |||
| Treynor Ratio | 0.1407 |
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.
Westport Fuel Systems Backtested Returns
Currently, Westport Fuel Systems is slightly risky. Westport Fuel Systems shows Sharpe Ratio of 0.0432, which attests that the company had a 0.0432% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Westport Fuel Systems, which you can use to evaluate the volatility of the company. Please check out Westport Fuel's Downside Deviation of 2.94, market risk adjusted performance of 0.1507, and Mean Deviation of 2.69 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Westport Fuel has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 1.13, which attests to a somewhat significant risk relative to the market. Westport Fuel returns are very sensitive to returns on the market. As the market goes up or down, Westport Fuel is expected to follow. Westport Fuel Systems right now maintains a risk of 3.91%. Please check out Westport Fuel Systems sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Westport Fuel Systems will be following its historical returns.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Westport Fuel Systems has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Westport Fuel time series from 26th of June 2024 to 11th of July 2024 and 11th of July 2024 to 26th of July 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Westport Fuel Systems price movement. The serial correlation of -0.78 indicates that around 78.0% of current Westport Fuel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Westport Fuel Systems lagged returns against current returns
Autocorrelation, which is Westport Fuel stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Westport Fuel's stock expected returns. We can calculate the autocorrelation of Westport Fuel returns to help us make a trade decision. For example, suppose you find that Westport Fuel has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Westport Fuel regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Westport Fuel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westport Fuel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westport Fuel stock over time.
Current vs Lagged Prices |
| Timeline |
Westport Fuel Lagged Returns
When evaluating Westport Fuel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westport Fuel stock have on its future price. Westport Fuel autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Westport Fuel autocorrelation shows the relationship between Westport Fuel stock current value and its past values and can show if there is a momentum factor associated with investing in Westport Fuel Systems.
Regressed Prices |
| Timeline |
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Additional Tools for Westport Stock Analysis
When running Westport Fuel's price analysis, check to measure Westport Fuel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westport Fuel is operating at the current time. Most of Westport Fuel's value examination focuses on studying past and present price action to predict the probability of Westport Fuel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westport Fuel's price. Additionally, you may evaluate how the addition of Westport Fuel to your portfolios can decrease your overall portfolio volatility.