Westlake Chemical Stock Forecast - Rate Of Daily Change
| WLK Stock | USD 156.51 2.28 1.48% |
Westlake Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Westlake Chemical stock prices and determine the direction of Westlake Chemical's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Westlake Chemical's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Westlake Chemical's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Westlake Chemical's systematic risk associated with finding meaningful patterns of Westlake Chemical fundamentals over time.
Check out Historical Fundamental Analysis of Westlake Chemical to cross-verify your projections. Westlake |
Open Interest Against 2024-06-21 Westlake Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Westlake Chemical's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Westlake Chemical's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Westlake Chemical stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Westlake Chemical's open interest, investors have to compare it to Westlake Chemical's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Westlake Chemical is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Westlake. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Westlake Chemical cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Westlake Chemical's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Westlake Chemical's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Westlake Chemical.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 1.01 | 1.01 |
| Check Westlake Chemical Volatility | Backtest Westlake Chemical | Information Ratio |
Westlake Chemical Trading Date Momentum
| On June 06 2024 Westlake Chemical was traded for 156.51 at the closing time. Highest Westlake Chemical's price during the trading hours was 156.51 and the lowest price during the day was 156.51 . There was no trading activity during the period 0.0. Lack of trading volume on the 6th of June had no short-term effect on price fluctuation. The trading price change to current price is 1.46% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Westlake Chemical to competition |
Other Forecasting Options for Westlake Chemical
For every potential investor in Westlake, whether a beginner or expert, Westlake Chemical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Westlake Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Westlake. Basic forecasting techniques help filter out the noise by identifying Westlake Chemical's price trends.Westlake Chemical Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Westlake Chemical stock to make a market-neutral strategy. Peer analysis of Westlake Chemical could also be used in its relative valuation, which is a method of valuing Westlake Chemical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Westlake Chemical Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Westlake Chemical's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Westlake Chemical's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Westlake Chemical Market Strength Events
Market strength 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 undertsting and applying Westlake Chemical stock market strength indicators, traders can identify Westlake Chemical entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 156.51 | |||
| Day Typical Price | 156.51 | |||
| Price Action Indicator | 1.14 | |||
| Period Momentum Indicator | 2.28 | |||
| Relative Strength Index | 90.89 |
Westlake Chemical Risk Indicators
The analysis of Westlake Chemical's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Westlake Chemical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting westlake stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.11 | |||
| Semi Deviation | 1.18 | |||
| Standard Deviation | 1.38 | |||
| Variance | 1.9 | |||
| Downside Variance | 1.8 | |||
| Semi Variance | 1.39 | |||
| Expected Short fall | (1.19) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Information and Resources on Investing in Westlake Stock
When determining whether Westlake Chemical is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Westlake Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Westlake Chemical Stock. Highlighted below are key reports to facilitate an investment decision about Westlake Chemical Stock:Check out Historical Fundamental Analysis of Westlake Chemical to cross-verify your projections. For more information on how to buy Westlake Stock please use our How to buy in Westlake Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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 (0.56) | Dividend Share 1.857 | Earnings Share 1.99 | Revenue Per Share 95.048 | Quarterly Revenue Growth (0.11) |
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.