Westlake Chemical Corp maintains Market Risk Adjusted Performance
of 0.2292, Mean Deviation
of 1.06 and Downside Deviation
of 1.45. Relative to Fundamental Indicators
, Macroaxis technical analysis interface lets you check existing technical drivers of Westlake Chemical Corp as well as the relationship between them. Specifically you can use this information to find out if the organization will indeed mirror its model of past data patterns or the prices will eventually revert. We found nineteen technical drivers
for Westlake Chemical which can be compared to its rivals. Please check out Westlake Chemical Jensen Alpha
and Downside Variance
to decide if Westlake Chemical is priced fairly providing market reflects its latest price of 114.81 per share. Given that Westlake Chemical Corp has Jensen Alpha
of 0.2302, we strongly advise you confirm Westlake Chemical prevalent market performance to make sure the company can sustain itself at future point. Use Westlake Chemical Corp technical analysis within your current portfolio analysis strategies to enhance returns of your portfolios and to find right Stock diversification strategy.
Use this graph to draw trend lines for Westlake Chemical Corp. You can use it to identify possible trend reversals for Westlake as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Westlake price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Westlake Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Westlake Chemical Corp applied against its price change over selected period. The best fit line has a slop of 0.11 %
which may imply that Westlake Chemical Corp will maintain its good market sentiment and make money for investors. It has 38 observation points and regression sum of squers of 12.83 which is sum of squared deviations of the predicted Westlake price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Westlake || |
Westlake has a best fit line with a correlation coefficient of 0.3. and coefficient of determination of 0.09. Note, that about 69.0%
of the company outstanding shares are owned by insiders