Westport Fuel Stock Forward View - Simple Moving Average
| WPRT Stock | CAD 2.80 0.06 2.10% |
Westport Stock outlook is based on your current time horizon. Although Westport Fuel's naive historical forecasting may sometimes provide an important future outlook for the firm, we suggest always cross-verifying it against solid analysis of Westport Fuel's systematic risk associated with finding meaningful patterns of Westport Fuel fundamentals over time.
As of today, the relative strength index (RSI) of Westport Fuel's share price is approaching 38. This entails that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Westport Fuel, making its price go up or down. Momentum 38
Sell Extended
Oversold | Overbought |
Quarterly Earnings Growth 0.027 | EPS Estimate Next Quarter (0.45) | EPS Estimate Current Year (1.55) | EPS Estimate Next Year (1.22) | Wall Street Target Price 6.0156 |
Using Westport Fuel hype-based prediction, you can estimate the value of Westport Fuel Systems from the perspective of Westport Fuel response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Westport Fuel Systems on the next trading day is expected to be 2.80 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.11. Westport Fuel after-hype prediction price | CAD 2.76 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Westport |
Westport Fuel Additional Predictive Modules
Most predictive techniques to examine Westport price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Westport using various technical indicators. When you analyze Westport charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Westport Fuel Simple Moving Average Price Forecast For the 23rd of February
Given 90 days horizon, the Simple Moving Average forecasted value of Westport Fuel Systems on the next trading day is expected to be 2.80 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.01, and the sum of the absolute errors of 5.11.Please note that although there have been many attempts to predict Westport Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Westport Fuel's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Westport Fuel Stock Forecast Pattern
| Backtest Westport Fuel | Westport Fuel Price Prediction | Research Analysis |
Westport Fuel Forecasted Value
In the context of forecasting Westport Fuel's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Westport Fuel's downside and upside margins for the forecasting period are 0.03 and 7.09, respectively. We have considered Westport Fuel's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Westport Fuel stock data series using in forecasting. Note that when a statistical model is used to represent Westport Fuel stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 110.1556 |
| Bias | Arithmetic mean of the errors | -0.0088 |
| MAD | Mean absolute deviation | 0.0866 |
| MAPE | Mean absolute percentage error | 0.0328 |
| SAE | Sum of the absolute errors | 5.11 |
Predictive Modules for Westport Fuel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Westport Fuel Systems. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Westport Fuel After-Hype Price Density Analysis
As far as predicting the price of Westport Fuel at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Westport Fuel or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Westport Fuel, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Westport Fuel Estimiated After-Hype Price Volatility
In the context of predicting Westport Fuel's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Westport Fuel's historical news coverage. Westport Fuel's after-hype downside and upside margins for the prediction period are 0.14 and 7.05, respectively. We have considered Westport Fuel's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Westport Fuel is very risky at this time. Analysis and calculation of next after-hype price of Westport Fuel Systems is based on 3 months time horizon.
Westport Fuel Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Westport Fuel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Westport Fuel backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Westport Fuel, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.36 | 4.29 | 0.04 | 0.00 | 8 Events / Month | 2 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
2.80 | 2.76 | 1.43 |
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Westport Fuel Hype Timeline
Westport Fuel Systems is at this time traded for 2.80on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.04, and average elasticity to hype of competition of 0.0. Westport is estimated to decline in value after the next headline, with the price expected to drop to 2.76. The average volatility of media hype impact on the company price is over 100%. The price decline on the next news is expected to be -1.43%, whereas the daily expected return is at this time at 0.36%. The volatility of related hype on Westport Fuel is about 42900.0%, with the expected price after the next announcement by competition of 2.80. The company has Price to Book (P/B) ratio of 0.42. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Westport Fuel Systems recorded a loss per share of 1.96. The entity had not issued any dividends in recent years. The firm had 1:10 split on the 6th of June 2023. Assuming the 90 days trading horizon the next estimated press release will be in about 8 days. Check out Historical Fundamental Analysis of Westport Fuel to cross-verify your projections.Westport Fuel Related Hype Analysis
Having access to credible news sources related to Westport Fuel's direct competition is more important than ever and may enhance your ability to predict Westport Fuel's future price movements. Getting to know how Westport Fuel's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Westport Fuel may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| DII-B | Dorel Industries | 0.22 | 6 per month | 3.91 | 0.01 | 10.60 | (6.86) | 25.01 | |
| ICE | Canlan Ice Sports | (0.12) | 2 per month | 1.75 | (0.02) | 4.68 | (3.15) | 16.18 | |
| IFX | Imaflex | 0.02 | 4 per month | 0.00 | 0.12 | 2.83 | (2.73) | 110.89 | |
| MENE | Mene Inc | (0.01) | 1 per month | 5.77 | 0.04 | 13.33 | (14.29) | 52.69 | |
| FHYD | First Hydrogen Corp | 0.00 | 3 per month | 0.00 | (0.05) | 8.11 | (7.89) | 26.79 | |
| HC | Hypercharge Networks Corp | 0.01 | 1 per month | 4.02 | 0.01 | 6.67 | (6.25) | 31.11 | |
| IFA | iFabric Corp | (0.05) | 5 per month | 3.03 | 0.14 | 12.64 | (6.70) | 21.41 | |
| FOOD | Goodfood Market Corp | 0.01 | 6 per month | 3.49 | 0.05 | 7.69 | (8.00) | 26.67 |
Other Forecasting Options for Westport Fuel
For every potential investor in Westport, whether a beginner or expert, Westport Fuel's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Westport Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Westport. Basic forecasting techniques help filter out the noise by identifying Westport Fuel's price trends.Westport Fuel Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Westport Fuel stock to make a market-neutral strategy. Peer analysis of Westport Fuel could also be used in its relative valuation, which is a method of valuing Westport Fuel by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Westport Fuel Market Strength Events
Market strength indicators help investors to evaluate how Westport Fuel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Westport Fuel shares will generate the highest return on investment. By undertsting and applying Westport Fuel stock market strength indicators, traders can identify Westport Fuel Systems entry and exit signals to maximize returns.
Westport Fuel Risk Indicators
The analysis of Westport Fuel's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Westport Fuel's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting westport stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.22 | |||
| Semi Deviation | 2.84 | |||
| Standard Deviation | 4.28 | |||
| Variance | 18.36 | |||
| Downside Variance | 9.71 | |||
| Semi Variance | 8.05 | |||
| Expected Short fall | (4.53) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Westport Fuel
The number of cover stories for Westport Fuel depends on current market conditions and Westport Fuel's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Westport Fuel is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Westport Fuel's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Westport Fuel Short Properties
Westport Fuel's future price predictability will typically decrease when Westport Fuel's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Westport Fuel Systems often depends not only on the future outlook of the potential Westport Fuel's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Westport Fuel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 17.5 M | |
| Cash And Short Term Investments | 37.2 M |
Check out Historical Fundamental Analysis of Westport Fuel to cross-verify your projections. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.