Westlake Chemical Partners Stock Technical Analysis
WLKP Stock | USD 21.94 0.06 0.27% |
As of the 25th of April, Westlake Chemical maintains the Mean Deviation of 0.7176, standard deviation of 1.04, and Market Risk Adjusted Performance of (0.16). Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Westlake Chemical Partners, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to collect data for thirteen technical drivers for Westlake Chemical, which can be compared to its peers. Please check out Westlake Chemical market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Westlake Chemical is priced fairly, providing market reflects its latest price of 21.94 per share. Given that Westlake Chemical Partners has information ratio of (0.15), we strongly advise you to confirm Westlake Chemical's prevalent market performance to make sure the company can sustain itself at a future point.
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 Analyst Consensus
Target Price | Advice | # of Analysts | |
44.2 | Buy | 3 | Odds |
Most Westlake analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Westlake stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Westlake Chemical, talking to its executives and customers, or listening to Westlake conference calls.
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 Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Westlake Chemical Trend Analysis
Use this graph to draw trend lines for Westlake Chemical Partners. 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 Partners applied against its price change over selected period. The best fit line has a slop of 0.0094 , which may suggest that Westlake Chemical Partners market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3.31, 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 Partners 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 Partners based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Westlake Chemical price pattern first instead of the macroeconomic environment surrounding Westlake Chemical. 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.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0702 | 0.0802 | 0.0871 | 0.0827 | Price To Sales Ratio | 0.78 | 0.52 | 0.64 | 0.46 |
Westlake Chemical April 25, 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 | (0.04) | |||
Market Risk Adjusted Performance | (0.16) | |||
Mean Deviation | 0.7176 | |||
Coefficient Of Variation | (1,577) | |||
Standard Deviation | 1.04 | |||
Variance | 1.09 | |||
Information Ratio | (0.15) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.22) | |||
Treynor Ratio | (0.17) | |||
Maximum Drawdown | 6.2 | |||
Value At Risk | (1.75) | |||
Potential Upside | 1.67 | |||
Skewness | (0.29) | |||
Kurtosis | 3.36 |
Westlake Chemical April 25, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Westlake stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 117.19 | ||
Daily Balance Of Power | 0.40 | ||
Rate Of Daily Change | 1.00 | ||
Day Median Price | 21.90 | ||
Day Typical Price | 21.91 | ||
Price Action Indicator | 0.08 |
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 tightly coupled 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.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary 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.
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |
Is Westlake Chemical's industry 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 (0.15) | Dividend Share 1.886 | Earnings Share 1.54 | Revenue Per Share 33.806 | Quarterly Revenue Growth (0.19) |
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.