Westport Free Cash Flow Per Share vs Ptb Ratio Analysis
WPRT Stock | CAD 5.89 0.17 2.81% |
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 Free Cash Flow Per Share and its Ptb Ratio 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 board of governors.
Free Cash Flow Per Share vs Ptb Ratio
Free Cash Flow Per Share vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westport Fuel Systems Free Cash Flow Per Share account and Ptb Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between Westport Fuel's Free Cash Flow Per Share and Ptb Ratio is 0.3. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Ptb Ratio 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 Free Cash Flow Per Share and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Westport Fuel Systems are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Free Cash Flow Per Share i.e., Westport Fuel's Free Cash Flow Per Share and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.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 board of governors. At this time, Westport Fuel's Tax Provision is very stable compared to the past year. As of the 14th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.21, while Selling General Administrative is likely to drop about 25 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 344.6M | 349.5M | 377.7M | 396.6M | Total Revenue | 312.4M | 305.7M | 331.8M | 348.4M |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 279.9M | 346.3M | 471.3M | 407.5M | 355.7M | 219.4M | |
Short Long Term Debt Total | 66.4M | 113.4M | 97.9M | 76.4M | 82.8M | 46.0M | |
Total Current Liabilities | 114.6M | 147.0M | 146.4M | 135.5M | 134.8M | 68.1M | |
Total Stockholder Equity | 89.4M | 104.1M | 236.4M | 204.0M | 160.4M | 106.9M | |
Property Plant And Equipment Net | 76.4M | 85.5M | 93.3M | 86.4M | 92.4M | 97.0M | |
Net Debt | 22.7M | 49.1M | (27.0M) | (9.8M) | 28.1M | 29.5M | |
Retained Earnings | (998.3M) | (1.0B) | (992.0M) | (1.0B) | (1.1B) | (1.0B) | |
Accounts Payable | 60.2M | 84.6M | 73.4M | 72.9M | 70.6M | 74.1M | |
Cash | 43.7M | 64.3M | 124.9M | 86.2M | 54.8M | 54.4M | |
Non Current Assets Total | 111.7M | 128.4M | 132.7M | 130.2M | 139.0M | 76.3M | |
Non Currrent Assets Other | 6.7M | 11.6M | 11.6M | 18.0M | 31.9M | 33.5M | |
Other Assets | (1K) | 13.8M | 23.3M | 28.5M | 32.7M | 34.4M | |
Cash And Short Term Investments | 43.7M | 64.3M | 124.9M | 86.2M | 54.8M | 68.1M | |
Net Receivables | 67.0M | 90.5M | 101.5M | 101.6M | 88.1M | 92.5M | |
Common Stock Shares Outstanding | 144.1M | 137.1M | 16.2M | 17.1M | 17.2M | 30.6M | |
Liabilities And Stockholders Equity | 279.9M | 346.3M | 471.3M | 407.5M | 355.7M | 219.4M | |
Non Current Liabilities Total | 76.0M | 95.2M | 88.4M | 68.0M | 60.5M | 44.4M | |
Other Stockholder Equity | 16.9M | 19.2M | 11.5M | 11.5M | 21.2M | 20.1M | |
Total Liab | 190.6M | 242.2M | 234.9M | 203.5M | 195.3M | 112.5M | |
Property Plant And Equipment Gross | 76.4M | 85.5M | 93.3M | 86.4M | 192.7M | 202.3M | |
Total Current Assets | 168.2M | 217.9M | 338.6M | 277.2M | 216.8M | 143.2M | |
Short Term Debt | 18.0M | 44.2M | 28.4M | 24.2M | 32.6M | 16.3M | |
Other Current Liab | 67.5M | 20.4M | 40.0M | 34.0M | 27.4M | 20.4M | |
Current Deferred Revenue | 2.7M | 8.0M | 3.5M | 4.4M | 2.4M | 2.1M | |
Inventory | 47.8M | 51.4M | 83.1M | 81.6M | 67.5M | 70.9M | |
Other Current Assets | 9.7M | 11.8M | 46.2M | 28.0M | 6.4M | 8.2M | |
Accumulated Other Comprehensive Income | (23.9M) | (24.5M) | (33.5M) | (35.3M) | (30.8M) | (29.3M) | |
Intangible Assets | 13.1M | 11.8M | 9.3M | 7.8M | 6.8M | 12.0M | |
Common Stock Total Equity | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 835.8M | |
Common Stock | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 935.5M | |
Good Will | 3.1M | 3.4M | 3.1M | 3.0M | 3.1M | 2.9M | |
Other Liab | 27.5M | 26.0M | 19.0M | 15.7M | 14.1M | 21.8M | |
Net Tangible Assets | 73.2M | 88.9M | 224.0M | 193.2M | 222.2M | 133.2M | |
Long Term Debt | 46.6M | 52.5M | 44.0M | 32.2M | 31.0M | 36.7M | |
Long Term Investments | 10.6M | 14.0M | 3.8M | 4.6M | 5.4M | 5.1M | |
Short Long Term Debt | 13.0M | 38.9M | 23.7M | 20.8M | 29.3M | 20.8M | |
Property Plant Equipment | 76.4M | 85.5M | 93.3M | 86.4M | 99.3M | 76.7M | |
Long Term Debt Total | 47.6M | 54.2M | 49.9M | 36.5M | 32.9M | 41.5M |
Pair Trading with Westport Fuel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westport Fuel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westport Fuel will appreciate offsetting losses from the drop in the long position's value.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.
The correlation of Westport Fuel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Westport Fuel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.