Westlake Chemical Stock Market Value
| WLK Stock | USD 149.90 0.00 0.00% |
| Symbol | Westlake |
Westlake Chemical Price To Book Ratio
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.
Westlake Chemical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Westlake Chemical's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Westlake Chemical.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Westlake Chemical on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Westlake Chemical or generate 0.0% return on investment in Westlake Chemical over 30 days. Westlake Chemical is related to or competes with Ecolab, and Sherwin Williams. Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide More
Westlake Chemical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Westlake Chemical's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Westlake Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | 0.0228 | |||
| Maximum Drawdown | 10.04 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.47 |
Westlake Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westlake Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westlake Chemical's standard deviation. In reality, there are many statistical measures that can use Westlake Chemical historical prices to predict the future Westlake Chemical's volatility.| Risk Adjusted Performance | 0.0538 | |||
| Jensen Alpha | (0.000031) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0206 | |||
| Treynor Ratio | 0.0853 |
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 Backtested Returns
We consider Westlake Chemical very steady. Westlake Chemical shows Sharpe Ratio of 0.066, which attests that the company had a 0.066% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Westlake Chemical, which you can use to evaluate the volatility of the company. Please check out Westlake Chemical's Market Risk Adjusted Performance of 0.0953, downside deviation of 1.99, and Mean Deviation of 1.29 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Westlake Chemical has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of 1.48, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Westlake Chemical will likely underperform. Westlake Chemical right now maintains a risk of 1.8%. Please check out Westlake Chemical downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if Westlake Chemical will be following its historical returns.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Westlake Chemical has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Westlake Chemical time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Westlake Chemical price movement. The serial correlation of -0.78 indicates that around 78.0% of current Westlake Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 7.88 |
Westlake Chemical lagged returns against current returns
Autocorrelation, which is Westlake Chemical stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Westlake Chemical's stock expected returns. We can calculate the autocorrelation of Westlake Chemical returns to help us make a trade decision. For example, suppose you find that Westlake Chemical has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Westlake Chemical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Westlake Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westlake Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westlake Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Westlake Chemical Lagged Returns
When evaluating Westlake Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westlake Chemical stock have on its future price. Westlake Chemical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Westlake Chemical autocorrelation shows the relationship between Westlake Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Westlake Chemical.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Westlake Chemical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Westlake Chemical's short interest history, or implied volatility extrapolated from Westlake Chemical options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Westlake Chemical is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Westlake Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Westlake Chemical Stock. Highlighted below are key reports to facilitate an investment decision about Westlake Chemical Stock:Check out Westlake Chemical Correlation, Westlake Chemical Volatility and Westlake Chemical Alpha and Beta module to complement your research on Westlake Chemical. For more information on how to buy Westlake Stock please use our How to buy in Westlake Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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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Westlake Chemical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.