Westport Fuel Stock Forward View - Double Exponential Smoothing
| WPRT Stock | USD 1.87 -0.08 -4.10% |
The Double Exponential Smoothing reference data for Westport Fuel is derived from the equity's published trading history. The resulting forecast and deviation statistics are presented as reference data for informational context. Forecast values and accuracy statistics are presented for informational purposes. All values shown are derived from publicly available market data.
The Double Exponential Smoothing forecasted value of Westport Fuel Systems on the next trading day is expected to be 1.87 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 2.97.When Westport Fuel Systems prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Westport Fuel Systems trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Westport Fuel observations are given relatively more weight in forecasting than the older observations. The forecast reference data presented here for Westport Fuel Systems reflects Double Exponential Smoothing model output and is intended as reference material for analytical use. Double Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Westport Fuel Systems on the next trading day is expected to be 1.87 with a mean absolute deviation of 0.05 , mean absolute percentage error of 0.0043 , and the sum of the absolute errors of 2.97 .Please note that although there have been many attempts to predict Westport Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Westport Fuel's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Westport Fuel | Westport Fuel Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Westport Fuel Systems uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 0.02 and upside near 5.28.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Westport Fuel stock data series using in forecasting. Note that when a statistical model is used to represent Westport Fuel stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | -0.0042 |
| MAD | Mean absolute deviation | 0.0503 |
| MAPE | Mean absolute percentage error | 0.0253 |
| SAE | Sum of the absolute errors | 2.97 |
Other Forecasting Options for Westport Fuel
Fibonacci retracement levels applied to Westport Stock price swings identify potential support and resistance zones. Extreme price moves in Westport occur more frequently than standard risk models assume. Support and resistance levels derived from Westport Fuel's historical data identify zones where buying or selling pressure has stalled moves. A volume spike without a corresponding price move can signal accumulation or distribution ahead of a directional breakout.Westport Fuel Related Equities
Checking Westport Fuel against related firms within the Industrials space helps investors see where the stock stands among peers. Peer review on balance sheet metrics shows how Westport Fuel's capital structure stacks up against similar firms. Sector-wide trends across this peer group can help split company-level factors from broader forces.
| Risk & Return | Correlation |
Westport Fuel Market Strength Events
Tracking market strength indicators for Westport Fuel provides context for understanding stock momentum dynamics. Tracking these indicators helps identify periods where trading Westport Fuel is likely to be most rewarding. These tools are essential for timing trades in Westport Fuel Systems with a quantitative framework. Market strength indicators for Westport Fuel Systems are most useful when viewed as part of a broader analytical framework.
Westport Fuel Risk Indicators
Properly assessing Westport Fuel's risk indicators is a prerequisite for building reliable price forecasts. This analysis provides context for determining the appropriate level of risk to accept when holding Westport Fuel's. Analyzing Westport Fuel's risk indicators provides a critical input for investment risk management. By quantifying the risk in Westport Fuel's investment, investors can make more informed decisions about hedging strategies.
| Mean Deviation | 2.54 | |||
| Semi Deviation | 2.23 | |||
| Standard Deviation | 3.41 | |||
| Variance | 11.64 | |||
| Downside Variance | 6.24 | |||
| Semi Variance | 4.99 | |||
| Expected Short fall | -3.69 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Westport Fuel
Story coverage around Westport Fuel Systems often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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Westport Fuel Short Properties
Reviewing short-oriented indicators for Westport Fuel Systems is useful because long and short participants often create very different signals for timing and volatility. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 17.3 M | |
| Cash And Short Term Investments | 37.2 M |
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