Westlake Chemical Stock Probability of Future Stock Price Finishing Over 148.94
| WLK Stock | USD 147.36 3.64 2.41% |
Closest to current price Westlake long CALL Option Payoff at Expiration
Westlake |
Westlake Chemical Target Price Odds to finish over 148.94
The tendency of Westlake Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 148.94 or more in 90 days |
| 147.36 | 90 days | 148.94 | about 31.89 |
Based on a normal probability distribution, the odds of Westlake Chemical to move over $ 148.94 or more in 90 days from now is about 31.89 (This Westlake Chemical probability density function shows the probability of Westlake Stock to fall within a particular range of prices over 90 days) . Probability of Westlake Chemical price to stay between its current price of $ 147.36 and $ 148.94 at the end of the 90-day period is about 8.44 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.46 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Westlake Chemical will likely underperform. Additionally Westlake Chemical has an alpha of 0.0037, implying that it can generate a 0.003728 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Westlake Chemical Price Density |
| Price |
Predictive Modules for Westlake Chemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Westlake Chemical. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westlake Chemical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Westlake Chemical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Westlake Chemical is not an exception. The market had few large corrections towards the Westlake Chemical's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Westlake Chemical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Westlake Chemical within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0 | |
β | Beta against NYSE Composite | 1.46 | |
σ | Overall volatility | 6.99 | |
Ir | Information ratio | 0.02 |
Westlake Chemical Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Westlake Chemical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Westlake Chemical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 73.0% of the company outstanding shares are owned by insiders | |
| On 14th of March 2024 Westlake Chemical paid $ 0.5 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Westlake Q1 Earnings on the Horizon Analysts Insights on Key Performance Measures |
Westlake Chemical Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Westlake Stock often depends not only on the future outlook of the current and potential Westlake Chemical's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Westlake Chemical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 128.6 M | |
| Cash And Short Term Investments | 3.3 B |
Westlake Chemical Technical Analysis
Westlake Chemical's future price can be derived by breaking down and analyzing its technical indicators over time. Westlake Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Westlake Chemical. In general, you should focus on analyzing Westlake Stock price patterns and their correlations with different microeconomic environments and drivers.
Westlake Chemical Predictive Forecast Models
Westlake Chemical's time-series forecasting models is one of many Westlake Chemical's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Westlake Chemical's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Westlake Chemical
Checking the ongoing alerts about Westlake Chemical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Westlake Chemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 73.0% of the company outstanding shares are owned by insiders | |
| On 14th of March 2024 Westlake Chemical paid $ 0.5 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Westlake Q1 Earnings on the Horizon Analysts Insights on Key Performance Measures |
Check out Westlake Chemical Backtesting, Westlake Chemical Valuation, Westlake Chemical Correlation, Westlake Chemical Hype Analysis, Westlake Chemical Volatility, Westlake Chemical History as well as Westlake Chemical Performance. For more information on how to buy Westlake Stock please use our How to buy in Westlake Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Westlake Stock analysis
When running Westlake Chemical's price analysis, check to measure Westlake Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westlake Chemical is operating at the current time. Most of Westlake Chemical's value examination focuses on studying past and present price action to predict the probability of Westlake Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westlake Chemical's price. Additionally, you may evaluate how the addition of Westlake Chemical to your portfolios can decrease your overall portfolio volatility.
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Is Westlake Chemical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Westlake Chemical. If investors know Westlake will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Westlake Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.29) | Dividend Share 1.714 | Earnings Share 3.7 | Revenue Per Share 98.18 | Quarterly Revenue Growth (0.14) |
The market value of Westlake Chemical is measured differently than its book value, which is the value of Westlake that is recorded on the company's balance sheet. Investors also form their own opinion of Westlake Chemical's value that differs from its market value or its book value, called intrinsic value, which is Westlake Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Westlake Chemical's market value can be influenced by many factors that don't directly affect Westlake Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Westlake Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westlake Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westlake Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.