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 0.60 %
which may imply that Westlake Chemical Corp will maintain its good market sentiment and make money for investors. It has 42 observation points and regression sum of squers of 556.71 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 0.81. and coefficient of determination of 0.66. Note, that about 70.0%
of the company outstanding shares are owned by insiders