WESTLAKE CHEMICAL (Germany) Market Value
| UEO Stock | EUR 122.00 1.00 0.83% |
| Symbol | WESTLAKE |
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.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in WESTLAKE CHEMICAL on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding WESTLAKE CHEMICAL or generate 0.0% return on investment in WESTLAKE CHEMICAL over 540 days. WESTLAKE CHEMICAL is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 1.69 |
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 | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.09) |
WESTLAKE CHEMICAL Backtested Returns
WESTLAKE CHEMICAL shows Sharpe Ratio of -0.0655, which attests that the company had a -0.0655% return per unit of risk over the last 3 months. WESTLAKE CHEMICAL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WESTLAKE CHEMICAL's Standard Deviation of 1.42, market risk adjusted performance of (0.08), and Mean Deviation of 1.06 to validate the risk estimate we provide. The firm maintains a market beta of 0.9, which attests to possible diversification benefits within a given portfolio. WESTLAKE CHEMICAL returns are very sensitive to returns on the market. As the market goes up or down, WESTLAKE CHEMICAL is expected to follow. At this point, WESTLAKE CHEMICAL has a negative expected return of -0.093%. Please make sure to check out WESTLAKE CHEMICAL's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if WESTLAKE CHEMICAL performance from the past will be repeated at future time.
Auto-correlation | -0.35 |
Poor reverse predictability
WESTLAKE CHEMICAL has poor reverse predictability. Overlapping area represents the amount of predictability between WESTLAKE CHEMICAL time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 CHEMICAL price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current WESTLAKE CHEMICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 52.42 |
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 |
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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.
Regressed Prices |
| Timeline |
Thematic Opportunities
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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.