Westport Fuel Systems Stock Alpha and Beta Analysis
| WPRT Stock | USD 4.49 0.17 3.94% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Westport Fuel Systems. It also helps investors analyze the systematic and unsystematic risks associated with investing in Westport Fuel over a specified time horizon. Remember, high Westport Fuel's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Westport Fuel's market risk premium analysis include:
Beta (0.30) | Alpha (0.43) | Risk 2.01 | Sharpe Ratio (0.26) | Expected Return (0.52) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Westport |
Westport Fuel Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Westport Fuel market risk premium is the additional return an investor will receive from holding Westport Fuel long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Westport Fuel. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Westport Fuel's performance over market.| α | -0.43 | β | -0.3 |
Westport Fuel expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Westport Fuel's Buy-and-hold return. Our buy-and-hold chart shows how Westport Fuel performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Westport Fuel Market Price Analysis
Market price analysis 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 understating and applying Westport Fuel stock market price indicators, traders can identify Westport Fuel position entry and exit signals to maximize returns.
Westport Fuel Return and Market Media
The median price of Westport Fuel for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 4.45 with a coefficient of variation of 13.51. The daily time series for the period is distributed with a sample standard deviation of 0.64, arithmetic mean of 4.71, and mean deviation of 0.53. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Westport Fuel Systems Share Price Passes Above 200 Day Moving Average of 5.94 - MarketBeat | 08/28/2024 |
2 | Westport Announces At-the-Market Equity Offering Program - StockTitan | 09/13/2024 |
3 | Westport Fuel Systems stock hits 52-week low at 4.55 - Investing.com | 09/24/2024 |
4 | Lear Beats Q3 Earnings and Revenue Estimates | 10/24/2024 |
5 | Magna Lags Q3 Earnings and Revenue Estimates | 11/01/2024 |
6 | LCI Beats Q3 Earnings and Revenue Estimates | 11/07/2024 |
7 | Westport Fuel Systems Q3 2024 Earnings Call Transcript | 11/13/2024 |
8 | Westport Q3 Earnings Beat Expectations, Revenues Decline YY | 11/15/2024 |
9 | Potential Upside For Westport Fuel Systems Inc. Not Without Risk - Simply Wall St | 11/20/2024 |
About Westport Fuel Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Westport or other stocks. Alpha measures the amount that position in Westport Fuel Systems has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 118.43 | 121.3 | 96.39 | 91.57 | PTB Ratio | 1.61 | 0.65 | 0.71 | 0.68 |
Westport Fuel Upcoming Company Events
As portrayed in its financial statements, the presentation of Westport Fuel's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Westport Fuel's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Westport Fuel's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Westport Fuel. Please utilize our Beneish M Score to check the likelihood of Westport Fuel's management manipulating its earnings.
| 11th of March 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 11th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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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.