Westlake Chemical Stock Price on December 31, 2024
| WLK Stock | USD 111.98 0.15 0.13% |
If you're considering investing in Westlake Stock, it is important to understand the factors that can impact its price. As of today, the current price of Westlake Chemical stands at 111.98, as last reported on the 6th of January, with the highest price reaching 112.63 and the lowest price hitting 110.76 during the day. Westlake Chemical shows Sharpe Ratio of -0.31, which attests that the company had a -0.31% return per unit of risk over the last 3 months. Westlake Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Westlake Chemical's Market Risk Adjusted Performance of (3.02), mean deviation of 0.9466, and Standard Deviation of 1.19 to validate the risk estimate we provide.
Westlake Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Westlake |
Sharpe Ratio = -0.3076
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Estimated Market Risk
| 1.19 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.36 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.31 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Westlake Chemical is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Westlake Chemical by adding Westlake Chemical to a well-diversified portfolio.
Related Headline
Sensient Technologies Headline on 31st of December 2024
Acquisition by Mckeithan Gebhardt Deborah of 114 shares of S... by Mckeithan Gebhardt Deborah
Filed transaction by Sensient Technologies Director. Grant, award or other acquisition pursuant to Rule 16b-3(d)
Westlake Chemical Valuation on December 31, 2024
It is possible to determine the worth of Westlake Chemical on a given historical date. On December 31, 2024 Westlake was worth 113.62 at the beginning of the trading date compared to the closed value of 114.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Westlake Chemical stock. Still, in general, we apply an absolute valuation method to find Westlake Chemical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Westlake Chemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Westlake Chemical's related companies.
| Open | High | Low | Close | Volume | |
| 113.95 | 114.21 | 112.69 | 113.45 | 408,393 | |
12/31/2024 | 113.62 | 115.39 | 113.62 | 114.65 | 413,806 |
| 114.92 | 115.93 | 111.71 | 112.13 | 460,300 |
| Backtest Westlake Chemical | | | Westlake Chemical History | | | Westlake Chemical Valuation | Previous | Next |
Westlake Chemical Trading Date Momentum on December 31, 2024
| On January 02 2025 Westlake Chemical was traded for 112.13 at the closing time. Highest Westlake Chemical's price during the trading hours was 115.93 and the lowest price during the day was 111.71 . The net volume was 460.3 K. The overall trading history on the 2nd of January contributed to the next trading period price depreciation. The trading price change to the next next day price was 2.20% . The trading price change to current price is 2.03% . |
Westlake Chemical Fundamentals Correlations and Trends
By evaluating Westlake Chemical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Westlake Chemical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Westlake financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Westlake Chemical Stock history
Westlake Chemical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Westlake is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Westlake Chemical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Westlake Chemical stock prices may prove useful in developing a viable investing in Westlake Chemical
Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corp operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. It employs 14550 people.
Westlake Chemical Stock Technical Analysis
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.
Price Boundaries
Westlake Chemical Period Price Range
Low | January 6, 2025
| High |
0.00 | 0.00 |
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Westlake Chemical January 6, 2025 Market Strength
Market strength indicators help investors to evaluate how Westlake Chemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Westlake Chemical shares will generate the highest return on investment. By undertsting and applying Westlake Chemical stock market strength indicators, traders can identify Westlake Chemical entry and exit signals to maximize returns
Westlake Chemical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Westlake Chemical's price direction in advance. Along with the technical and fundamental analysis of Westlake Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Westlake to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.25) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (3.03) |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Westlake Stock please use our How to buy in Westlake Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Commodity Chemicals space 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.
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.