Westlake Chemical (Germany) Probability of Future Stock Price Finishing Over 126.19
| UEO Stock | EUR 116.00 3.00 2.52% |
Westlake |
Westlake Chemical Target Price Odds to finish over 126.19
The tendency of Westlake Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over € 126.19 or more in 90 days |
| 116.00 | 90 days | 126.19 | about 38.66 |
Based on a normal probability distribution, the odds of Westlake Chemical to move over € 126.19 or more in 90 days from now is about 38.66 (This Westlake Chemical probability density function shows the probability of Westlake Stock to fall within a particular range of prices over 90 days) . Probability of Westlake Chemical price to stay between its current price of € 116.00 and € 126.19 at the end of the 90-day period is about 57.47 .
Assuming the 90 days horizon Westlake Chemical has a beta of -0.0448. This usually implies as returns on the benchmark increase, returns on holding Westlake Chemical are expected to decrease at a much lower rate. During a bear market, however, Westlake Chemical is likely to outperform the market. Additionally Westlake Chemical has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Westlake Chemical Price Density |
| Price |
Predictive Modules for Westlake Chemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Westlake Chemical. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Westlake Chemical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Westlake Chemical is not an exception. The market had few large corrections towards the Westlake Chemical's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Westlake Chemical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Westlake Chemical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 4.96 | |
Ir | Information ratio | -0.13 |
Westlake Chemical Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Westlake Chemical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Westlake Chemical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Westlake Chemical generated a negative expected return over the last 90 days | |
| About 74.0% of the company outstanding shares are owned by insiders |
Westlake Chemical Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Westlake Stock often depends not only on the future outlook of the current and potential Westlake Chemical's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Westlake Chemical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 127.4 M |
Westlake Chemical Technical Analysis
Westlake Chemical's future price can be derived by breaking down and analyzing its technical indicators over time. Westlake Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Westlake Chemical. In general, you should focus on analyzing Westlake Stock price patterns and their correlations with different microeconomic environments and drivers.
Westlake Chemical Predictive Forecast Models
Westlake Chemical's time-series forecasting models is one of many Westlake Chemical's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Westlake Chemical's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Westlake Chemical
Checking the ongoing alerts about Westlake Chemical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Westlake Chemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Westlake Chemical generated a negative expected return over the last 90 days | |
| About 74.0% of the company outstanding shares are owned by insiders |
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 Westlake Chemical Backtesting, Westlake Chemical Valuation, Westlake Chemical Correlation, Westlake Chemical Hype Analysis, Westlake Chemical Volatility, Westlake Chemical History as well as Westlake Chemical Performance. For more detail on how to invest in Westlake Stock please use our How to Invest in Westlake Chemical guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.