WPRT Stock | | | USD 4.43 0.11 2.55% |
Westport Fuel financial indicator trend analysis is more than just analyzing Westport Fuel Systems current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westport Fuel Systems is a good investment. Please check the relationship between Westport Fuel Cash and its Other Stockholder Equity accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Cash vs Other Stockholder Equity
Cash vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Westport Fuel Systems Cash account and
Other Stockholder Equity. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Westport Fuel's Cash and Other Stockholder Equity is 0.15. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Westport Fuel Systems, assuming nothing else is changed. The correlation between historical values of Westport Fuel's Cash and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Westport Fuel Systems are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash i.e., Westport Fuel's Cash and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Westport Fuel Systems, which is listed under current asset account on Westport Fuel Systems balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Westport Fuel customers. The amounts must be unrestricted with restricted cash listed in a different Westport Fuel account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Other Stockholder Equity
Most indicators from Westport Fuel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westport Fuel Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Westport Fuel's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.21 in 2024, despite the fact that
Discontinued Operations is likely to grow to (160.6
K).
Westport Fuel fundamental ratios Correlations
Click cells to compare fundamentals
Westport Fuel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Westport Fuel fundamental ratios Accounts
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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.