Westlake Chemical Partners Stock Alpha and Beta Analysis
| WLKP Stock | USD 23.72 0.17 0.72% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Westlake Chemical Partners. It also helps investors analyze the systematic and unsystematic risks associated with investing in Westlake Chemical over a specified time horizon. Remember, high Westlake Chemical's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Westlake Chemical's market risk premium analysis include:
Beta 0.13 | Alpha 0.0685 | Risk 0.57 | Sharpe Ratio 0.18 | Expected Return 0.1 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Westlake |
Westlake Chemical Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Westlake Chemical market risk premium is the additional return an investor will receive from holding Westlake Chemical long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Westlake Chemical. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Westlake Chemical's performance over market.| α | 0.07 | β | 0.13 |
Westlake Chemical expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Westlake Chemical's Buy-and-hold return. Our buy-and-hold chart shows how Westlake Chemical performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Westlake Chemical Market Price Analysis
Market price analysis indicators help investors to evaluate how Westlake Chemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Westlake Chemical shares will generate the highest return on investment. By understating and applying Westlake Chemical stock market price indicators, traders can identify Westlake Chemical position entry and exit signals to maximize returns.
Westlake Chemical Return and Market Media
The median price of Westlake Chemical for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 22.0 with a coefficient of variation of 2.03. The daily time series for the period is distributed with a sample standard deviation of 0.45, arithmetic mean of 22.15, and mean deviation of 0.32. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Proactive Strategies - Stock Traders Daily | 09/23/2024 |
2 | Insider Trading | 10/10/2024 |
3 | Westlake Chemical Partners Announce Third Quarter 2024 Earnings Conference Call | 10/22/2024 |
4 | Westlake Chemical Partners declares 0.4714 dividend | 10/31/2024 |
5 | Westlake Chemical Partners LP Q3 2024 Earnings Report Preview What To Expect | 11/04/2024 |
6 | Westlake Chemical Partners LP Announces Third Quarter 2024 Results | 11/05/2024 |
7 | Westlake Chemical Partners LP Q3 2024 Earnings Call Highlights Strong Financial ... | 11/06/2024 |
8 | Westlake Chemical Partners Issues Quarterly Earnings Results | 11/08/2024 |
9 | Westlake Chemical Partners Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell - MarketBeat | 11/14/2024 |
| Westlake Chemical dividend paid on 27th of November 2024 | 11/27/2024 |
About Westlake Chemical Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Westlake or other stocks. Alpha measures the amount that position in Westlake Chemical has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 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 Upcoming Company Events
As portrayed in its financial statements, the presentation of Westlake Chemical's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Westlake Chemical's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Westlake Chemical's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Westlake Chemical. Please utilize our Beneish M Score to check the likelihood of Westlake Chemical's management manipulating its earnings.
| 20th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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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.