WESTLAKE CHEM P Market Value

960413AT9   96.21  1.90  1.94%   
WESTLAKE's market value is the price at which a share of WESTLAKE trades on an exchange. It measures the collective expectations of WESTLAKE CHEM P investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of WESTLAKE CHEM P and determine expected loss or profit from investing in WESTLAKE over a given investment horizon.
Check out WESTLAKE Correlation, WESTLAKE Volatility and WESTLAKE Alpha and Beta module to complement your research on WESTLAKE.
Symbol

Please note, there is a significant difference between WESTLAKE's value and its price as these two are different measures arrived at by different means. Investors typically determine if WESTLAKE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WESTLAKE'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 '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's bond 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.
0.00
07/20/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/11/2024
0.00
If you would invest  0.00  in WESTLAKE on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding WESTLAKE CHEM P or generate 0.0% return on investment in WESTLAKE over 510 days. WESTLAKE is related to or competes with Tencent Music, Lindblad Expeditions, Artisan Partners, Western Acquisition, Stepstone, Kite Realty, and Freedom Holding. More

WESTLAKE 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's bond 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 CHEM P upside and downside potential and time the market with a certain degree of confidence.

WESTLAKE Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for WESTLAKE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WESTLAKE's standard deviation. In reality, there are many statistical measures that can use WESTLAKE historical prices to predict the future WESTLAKE's volatility.
Hype
Prediction
LowEstimatedHigh
95.8396.2196.59
Details
Intrinsic
Valuation
LowRealHigh
86.5996.8697.24
Details
Naive
Forecast
LowNextHigh
94.9895.3695.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
96.7097.8398.96
Details

WESTLAKE CHEM P Backtested Returns

WESTLAKE CHEM P shows Sharpe Ratio of -0.1, which attests that the bond had a -0.1% return per unit of risk over the last 3 months. WESTLAKE CHEM P exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WESTLAKE's Standard Deviation of 0.3766, mean deviation of 0.2343, and Market Risk Adjusted Performance of (0.38) to validate the risk estimate we provide. The entity maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WESTLAKE's returns are expected to increase less than the market. However, during the bear market, the loss of holding WESTLAKE is expected to be smaller as well.

Auto-correlation

    
  0.87  

Very good predictability

WESTLAKE CHEM P has very good predictability. Overlapping area represents the amount of predictability between WESTLAKE time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th of December 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 CHEM P price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current WESTLAKE price fluctuation can be explain by its past prices.
Correlation Coefficient0.87
Spearman Rank Test0.75
Residual Average0.0
Price Variance1.08

WESTLAKE CHEM P lagged returns against current returns

Autocorrelation, which is WESTLAKE bond'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's bond expected returns. We can calculate the autocorrelation of WESTLAKE returns to help us make a trade decision. For example, suppose you find that WESTLAKE has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WESTLAKE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WESTLAKE bond over time.
   Current vs Lagged Prices   
       Timeline  

WESTLAKE Lagged Returns

When evaluating WESTLAKE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WESTLAKE bond have on its future price. WESTLAKE 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 autocorrelation shows the relationship between WESTLAKE bond current value and its past values and can show if there is a momentum factor associated with investing in WESTLAKE CHEM P.
   Regressed Prices   
       Timeline  

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.

Other Information on Investing in WESTLAKE Bond

WESTLAKE financial ratios help investors to determine whether WESTLAKE Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in WESTLAKE with respect to the benefits of owning WESTLAKE security.