Westport Fuel Ownership
| WPRT Stock | CAD 5.02 0.48 8.73% |
Shares in Circulation | First Issued 1997-06-30 | Previous Quarter 17.5 M | Current Value 17.5 M | Avarage Shares Outstanding 12 M | Quarterly Volatility 28.7 M |
Westport |
Westport Stock Ownership Analysis
About 18.0% of the company outstanding shares are owned by institutional investors. The company has Price to Book (P/B) ratio of 0.41. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Westport Fuel Systems recorded a loss per share of 2.15. The entity had not issued any dividends in recent years. The firm had 1:10 split on the 6th of June 2023. Westport Fuel Systems Inc. engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications worldwide. Westport Fuel Systems Inc. was incorporated in 1995 and is headquartered in Vancouver, Canada. WESTPORT FUEL operates under Auto Parts classification in Canada and is traded on Toronto Stock Exchange. It employs 1797 people. For more information please call David Johnson at 604 718 2000 or visit https://wfsinc.com.Westport Fuel Outstanding Bonds
Westport Fuel issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Westport Fuel Systems uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Westport bonds can be classified according to their maturity, which is the date when Westport Fuel Systems has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.