Westlake Chemical (UK) Technical Analysis
| 0LVK Stock | 128.64 0.20 0.16% |
As of the 1st of December, Westlake Chemical maintains the Standard Deviation of 1.64, market risk adjusted performance of (0.25), and Mean Deviation of 1.23. Westlake Chemical Corp technical analysis makes it possible for you to employ past prices and volume data with the intention to determine a pattern that calculates the direction of the company's future prices. Please check out Westlake Chemical Corp treynor ratio, value at risk, and the relationship between the information ratio and maximum drawdown to decide if Westlake Chemical Corp is priced fairly, providing market reflects its latest price of 128.64 per share.
Westlake Chemical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Westlake, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WestlakeWestlake |
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.
Westlake Chemical Corp Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Westlake Chemical Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Westlake Chemical Corp Trend Analysis
Use this graph to draw trend lines for Westlake Chemical Corp. You can use it to identify possible trend reversals for Westlake Chemical as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Westlake Chemical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Westlake Chemical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Westlake Chemical Corp applied against its price change over selected period. The best fit line has a slop of 0.3 , which may suggest that Westlake Chemical Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3293.73, which is the sum of squared deviations for the predicted Westlake Chemical price change compared to its average price change.About Westlake Chemical Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Westlake Chemical Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Westlake Chemical Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Westlake Chemical Corp price pattern first instead of the macroeconomic environment surrounding Westlake Chemical Corp. By analyzing Westlake Chemical's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Westlake Chemical's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Westlake Chemical specific price patterns or momentum indicators. Please read more on our technical analysis page.
Westlake Chemical December 1, 2024 Technical Indicators
Most technical analysis of Westlake help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Westlake from various momentum indicators to cycle indicators. When you analyze Westlake charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.25) | |||
| Mean Deviation | 1.23 | |||
| Coefficient Of Variation | (1,036) | |||
| Standard Deviation | 1.64 | |||
| Variance | 2.68 | |||
| Information Ratio | (0.18) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.26) | |||
| Maximum Drawdown | 7.71 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 2.4 | |||
| Skewness | (0.37) | |||
| Kurtosis | 0.559 |
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.