WLKP Stock | | | USD 23.00 0.14 0.61% |
Westlake Chemical financial indicator trend analysis is more than just analyzing Westlake Chemical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westlake Chemical is a good investment. Please check the relationship between Westlake Chemical Non Current Liabilities Total and its Asset Turnover accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
To learn how to invest in Westlake Stock, please use our
How to Invest in Westlake Chemical guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Westlake Chemical Non Current Liabilities Total account and
Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Westlake Chemical's Non Current Liabilities Total and Asset Turnover is -0.3. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Westlake Chemical Partners, assuming nothing else is changed. The correlation between historical values of Westlake Chemical's Non Current Liabilities Total and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Westlake Chemical Partners are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Non Current Liabilities Total i.e., Westlake Chemical's Non Current Liabilities Total and Asset Turnover go up and down completely randomly.
Correlation Coefficient | -0.3 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from Westlake Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westlake Chemical current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
To learn how to invest in Westlake Stock, please use our
How to Invest in Westlake Chemical guide.As of 01/02/2025,
Selling General Administrative is likely to drop to about 26.9
M. In addition to that,
Tax Provision is likely to drop to about 592.8
K