Westport Fuel Systems Stock Probability of Future Stock Price Finishing Over 4.67
| WPRT Stock | USD 4.49 0.17 3.94% |
Westport |
Westport Fuel Target Price Odds to finish over 4.67
The tendency of Westport Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 4.67 or more in 90 days |
| 4.49 | 90 days | 4.67 | about 52.49 |
Based on a normal probability distribution, the odds of Westport Fuel to move over $ 4.67 or more in 90 days from now is about 52.49 (This Westport Fuel Systems probability density function shows the probability of Westport Stock to fall within a particular range of prices over 90 days) . Probability of Westport Fuel Systems price to stay between its current price of $ 4.49 and $ 4.67 at the end of the 90-day period is about 10.96 .
Given the investment horizon of 90 days Westport Fuel Systems has a beta of -0.3. This entails as returns on the benchmark increase, returns on holding Westport Fuel are expected to decrease at a much lower rate. During a bear market, however, Westport Fuel Systems is likely to outperform the market. Additionally Westport Fuel Systems has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Westport Fuel Price Density |
| Price |
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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Westport Fuel is not an exception. The market had few large corrections towards the Westport Fuel's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Westport Fuel Systems, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Westport Fuel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.43 | |
β | Beta against Dow Jones | -0.3 | |
σ | Overall volatility | 0.64 | |
Ir | Information ratio | -0.28 |
Westport Fuel Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Westport Fuel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Westport Fuel Systems can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Westport Fuel generated a negative expected return over the last 90 days | |
| Westport Fuel has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 331.8 M. Net Loss for the year was (50.63 M) with profit before overhead, payroll, taxes, and interest of 36.2 M. | |
| Westport Fuel Systems currently holds about 98.17 M in cash with (13.19 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.57. | |
| Westport Fuel has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Potential Upside For Westport Fuel Systems Inc. Not Without Risk - Simply Wall St |
Westport Fuel Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Westport Stock often depends not only on the future outlook of the current and 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 | 17.2 M | |
| Cash And Short Term Investments | 54.8 M |
Westport Fuel Technical Analysis
Westport Fuel's future price can be derived by breaking down and analyzing its technical indicators over time. Westport Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Westport Fuel Systems. In general, you should focus on analyzing Westport Stock price patterns and their correlations with different microeconomic environments and drivers.
Westport Fuel Predictive Forecast Models
Westport Fuel's time-series forecasting models is one of many Westport Fuel's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Westport Fuel's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Westport Fuel Systems
Checking the ongoing alerts about Westport Fuel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Westport Fuel Systems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Westport Fuel generated a negative expected return over the last 90 days | |
| Westport Fuel has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 331.8 M. Net Loss for the year was (50.63 M) with profit before overhead, payroll, taxes, and interest of 36.2 M. | |
| Westport Fuel Systems currently holds about 98.17 M in cash with (13.19 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.57. | |
| Westport Fuel has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Potential Upside For Westport Fuel Systems Inc. Not Without Risk - Simply Wall St |
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.