Westlake Chemical Partners Stock Z Score
| WLKP Stock | USD 23.37 0.30 1.30% |
Westlake |
Westlake Chemical Partners Company Z Score Analysis
Westlake Chemical's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
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As per the company's disclosures, Westlake Chemical Partners has a Z Score of 0.0. This is 100.0% lower than that of the Chemicals sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.
Westlake Chemical ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Westlake Chemical's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Westlake Chemical's managers, analysts, and investors.Environmental | Governance | Social |
Westlake Chemical Institutional Holders
Institutional Holdings refers to the ownership stake in Westlake Chemical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Westlake Chemical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Westlake Chemical's value.| Shares | Scopus Asset Management, Llc | 2024-09-30 | 71 K | Natixis Sa | 2024-09-30 | 70 K | Glenmede Trust Co Na | 2024-09-30 | 55.5 K | Eagle Global Advisors, Llc | 2024-09-30 | 43.9 K | Pinnacle Holdings, Llc | 2024-06-30 | 41.5 K | Citadel Advisors Llc | 2024-09-30 | 35.9 K | International Assets Investment Management, Llc | 2024-09-30 | 32.8 K | Lpl Financial Corp | 2024-09-30 | 30.9 K | Gilman Hill Asset Management, Llc | 2024-09-30 | 30.4 K | Amvescap Plc. | 2024-06-30 | 5.3 M | Pathway Financial Advisors, Llc | 2024-09-30 | 2.2 M |
Westlake Fundamentals
| Return On Equity | 0.43 | ||||
| Return On Asset | 0.18 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.37 % | ||||
| Current Valuation | 1.16 B | ||||
| Shares Outstanding | 35.24 M | ||||
| Shares Owned By Insiders | 44.83 % | ||||
| Shares Owned By Institutions | 33.75 % | ||||
| Number Of Shares Shorted | 134.49 K | ||||
| Price To Earning | 12.06 X | ||||
| Price To Book | 2.97 X | ||||
| Price To Sales | 0.72 X | ||||
| Revenue | 1.19 B | ||||
| Gross Profit | 377.37 M | ||||
| EBITDA | 472.14 M | ||||
| Net Income | 54.28 M | ||||
| Cash And Equivalents | 18.37 M | ||||
| Cash Per Share | 0.52 X | ||||
| Total Debt | 399.67 M | ||||
| Debt To Equity | 0.41 % | ||||
| Current Ratio | 3.28 X | ||||
| Book Value Per Share | 14.77 X | ||||
| Cash Flow From Operations | 452 M | ||||
| Short Ratio | 6.95 X | ||||
| Earnings Per Share | 1.75 X | ||||
| Price To Earnings To Growth | 0.23 X | ||||
| Target Price | 25.33 | ||||
| Number Of Employees | 17 | ||||
| Beta | 1.07 | ||||
| Market Capitalization | 823.53 M | ||||
| Total Asset | 1.32 B | ||||
| Retained Earnings | 130.58 M | ||||
| Working Capital | 169.87 M | ||||
| Current Asset | 225.29 M | ||||
| Current Liabilities | 57.69 M | ||||
| Annual Yield | 0.08 % | ||||
| Five Year Return | 7.60 % | ||||
| Net Asset | 1.32 B | ||||
| Last Dividend Paid | 1.89 |
About Westlake Chemical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Westlake Chemical Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Westlake Chemical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Westlake Chemical Partners based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Westlake Chemical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westlake Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westlake Chemical will appreciate offsetting losses from the drop in the long position's value.Moving together with Westlake Stock
Moving against Westlake Stock
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| 0.62 | DOW | Dow Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.58 | NEM | Newmont Goldcorp Corp | PairCorr |
The ability to find closely correlated positions to Westlake Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westlake Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westlake Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westlake Chemical Partners to buy it.
The correlation of Westlake Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westlake Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westlake Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Westlake Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.