Westlake Chemical Partners Stock Market Value
| WLKP Stock | USD 23.30 0.13 0.55% |
| Symbol | Westlake |
Westlake Chemical Price To Book Ratio
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.
Quarterly Earnings Growth 0.049 | Dividend Share 1.886 | Earnings Share 1.77 | Revenue Per Share | Quarterly Revenue Growth (0.02) |
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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Westlake Chemical on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Westlake Chemical Partners or generate 0.0% return on investment in Westlake Chemical over 90 days. Westlake Chemical is related to or competes with Valhi, Huntsman, Lsb Industries, Green Plains, AdvanSix, Methanex, and Tronox Holdings. Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the ... 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 Partners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1222 | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.37 |
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 | (0.01) | |||
| Jensen Alpha | 0.0141 | |||
| Total Risk Alpha | 0.076 | |||
| Treynor Ratio | (0.06) |
Westlake Chemical Backtested Returns
Currently, Westlake Chemical Partners is very steady. Westlake Chemical shows Sharpe Ratio of 0.0217, which attests that the company had a 0.0217 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Westlake Chemical, which you can use to evaluate the volatility of the company. Please check out Westlake Chemical's Standard Deviation of 0.7479, mean deviation of 0.6095, and Market Risk Adjusted Performance of (0.05) to validate if the risk estimate we provide is consistent with the expected return of 0.0165%. Westlake Chemical has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Westlake Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westlake Chemical is expected to be smaller as well. Westlake Chemical right now maintains a risk of 0.76%. Please check out Westlake Chemical value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Westlake Chemical will be following its historical returns.
Auto-correlation | -0.38 |
Poor reverse predictability
Westlake Chemical Partners has poor reverse predictability. Overlapping area represents the amount of predictability between Westlake Chemical time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 -0.38 indicates that just about 38.0% of current Westlake Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
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 Partners.
Regressed Prices |
| Timeline |
Pair Trading with Westlake Chemical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westlake Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westlake Chemical will appreciate offsetting losses from the drop in the long position's value.Moving together with Westlake Stock
Moving against Westlake Stock
| 0.59 | IE | Ivanhoe Electric | PairCorr |
| 0.46 | NG | NovaGold Resources | PairCorr |
| 0.37 | AA | Alcoa Corp | PairCorr |
| 0.35 | HYMCW | Hycroft Mining Holding | PairCorr |
The ability to find closely correlated positions to Westlake Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westlake Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westlake Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westlake Chemical Partners to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westlake Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westlake Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Westlake Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional 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.