Westport Fuel Systems Stock Market Value
| WPRT Stock | CAD 5.53 0.03 0.55% |
| Symbol | Westport |
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.
| 04/30/2025 |
| 07/29/2025 |
If you would invest 0.00 in Westport Fuel on April 30, 2025 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 90 days. Westport Fuel is related to or competes with Ballard Power, NFI, GreenPower, Real Matters, and Boralex. 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 | 2.41 | |||
| Information Ratio | 0.1257 | |||
| Maximum Drawdown | 17.61 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 3.09 |
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 | 0.1576 | |||
| Jensen Alpha | 0.6915 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1429 | |||
| Treynor Ratio | (0.57) |
Westport Fuel Systems Backtested Returns
Westport Fuel appears to be slightly risky, given 3 months investment horizon. Westport Fuel Systems shows Sharpe Ratio of 0.2, which attests that the company had a 0.2 % return per unit of risk over the last 3 months. By examining Westport Fuel's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Westport Fuel's Market Risk Adjusted Performance of (0.56), downside deviation of 2.41, and Mean Deviation of 1.83 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Westport Fuel holds a performance score of 15. The firm maintains a market beta of -0.92, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Westport Fuel are expected to decrease slowly. On the other hand, during market turmoil, Westport Fuel is expected to outperform it slightly. Please check Westport Fuel's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Westport Fuel's historical returns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Westport Fuel Systems has weak reverse predictability. Overlapping area represents the amount of predictability between Westport Fuel time series from 30th of April 2025 to 14th of June 2025 and 14th of June 2025 to 29th of July 2025. 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 -0.23 indicates that over 23.0% of current Westport Fuel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
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 |
Pair Trading with Westport Fuel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westport Fuel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westport Fuel will appreciate offsetting losses from the drop in the long position's value.Moving against Westport Stock
The ability to find closely correlated positions to Westport Fuel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westport Fuel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westport Fuel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westport Fuel Systems to buy it.
The correlation of Westport Fuel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westport Fuel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westport Fuel Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Westport Fuel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Westport Fuel Correlation, Westport Fuel Volatility and Westport Fuel Alpha and Beta module to complement your research on Westport Fuel. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Westport Fuel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.