Westlake Chemical Correlations
| WLKP Stock | USD 23.39 0.31 1.34% |
The current 90-days correlation between Westlake Chemical and Valhi Inc is 0.19 (i.e., Average diversification). The correlation of Westlake Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Westlake Chemical Correlation With Market
Weak diversification
The correlation between Westlake Chemical Partners and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westlake Chemical Partners and DJI in the same portfolio, assuming nothing else is changed.
Westlake |
Moving together with Westlake Stock
| 0.68 | NUE | Nucor Corp Sell-off Trend | PairCorr |
Moving against Westlake Stock
| 0.78 | IE | Ivanhoe Electric | PairCorr |
| 0.49 | EGO | Eldorado Gold Corp | PairCorr |
| 0.31 | AA | Alcoa Corp | PairCorr |
| 0.41 | ZKIN | ZK International | PairCorr |
| 0.34 | VHI | Valhi Inc | PairCorr |
| 0.52 | NG | NovaGold Resources | PairCorr |
| 0.42 | NX | Quanex Building Products | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Westlake Stock performing well and Westlake Chemical Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Westlake Chemical's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VHI | 2.20 | (0.37) | 0.00 | (0.41) | 0.00 | 3.72 | 12.94 | |||
| HUN | 1.82 | (0.14) | 0.00 | (0.17) | 0.00 | 3.63 | 13.93 | |||
| UNVR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LXU | 2.16 | (0.15) | 0.00 | (0.14) | 0.00 | 3.41 | 27.77 | |||
| GPRE | 3.48 | (0.88) | 0.00 | (0.46) | 0.00 | 6.31 | 26.78 | |||
| ASIX | 1.74 | (0.35) | 0.00 | (0.25) | 0.00 | 2.44 | 14.24 | |||
| MEOH | 1.73 | (0.45) | 0.00 | (0.39) | 0.00 | 2.97 | 16.72 | |||
| TROX | 2.49 | (0.56) | 0.00 | (0.37) | 0.00 | 4.34 | 16.13 | |||
| SIRE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Westlake Chemical Corporate Management
| Benjamin Ederington | General Counsel of Westlake Chemical Partners GP LLC, VP of Westlake Chemical Partners GP LLC, Corporate Secretary of Westlake Chemical Partners GP LLC and Westlake Chemical Partners GP LLC | Profile | |
| Johnathan Zoeller | Chief Accounting Officer, Vice President of Westlake Chemical Partners GP LLC | Profile | |
| Benjamin JD | Gen Mat | Profile | |
| Randy Woelfel | Independent Director of Westlake Chemical Partners GP LLC | Profile | |
| G Finley | Independent Director of Westlake Chemical Partners GP LLC | Profile | |
| Andrew Kenner | Senior LLC | Profile |