Westport Fuel Correlations
| WPRT Stock | CAD 5.89 0.17 2.81% |
The current 90-days correlation between Westport Fuel Systems and Real Matters is 0.02 (i.e., Significant diversification). 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.
Westport Fuel Correlation With Market
Average diversification
The correlation between Westport Fuel Systems and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westport Fuel Systems and DJI in the same portfolio, assuming nothing else is changed.
Westport |
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.
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Westport Stock performing well and Westport Fuel Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Westport Fuel's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BLDP | 3.26 | 0.07 | (0.02) | (0.09) | 4.15 | 7.25 | 26.35 | |||
| NFI | 1.39 | (0.45) | 0.00 | (3.68) | 0.00 | 1.96 | 7.97 | |||
| GPV | 4.67 | (0.29) | 0.00 | (0.23) | 0.00 | 14.72 | 39.05 | |||
| REAL | 1.85 | (0.26) | 0.00 | (0.30) | 0.00 | 3.61 | 9.81 | |||
| BLX | 1.12 | (0.17) | 0.00 | (0.41) | 0.00 | 2.07 | 9.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Westport Fuel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Diagnostics Now
Portfolio DiagnosticsUse generated alerts and portfolio events aggregator to diagnose current holdings |
| All Next | Launch Module |
Westport Fuel Corporate Management
Elected by the shareholders, the Westport Fuel's board of directors comprises two types of representatives: Westport Fuel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Westport. The board's role is to monitor Westport Fuel's management team and ensure that shareholders' interests are well served. Westport Fuel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Westport Fuel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| KarlViktor Schaller | Director | Profile | |
| Marco Seimandi | VP Marketing | Profile | |
| Rohan Athaide | Compliance Assurance | Profile | |
| Tim Smith | Ex Staff | Profile | |
| Maurizio Grando | Executive Group | Profile | |
| Jeremy Chan | Associate Secretary | Profile |