Westlake (Westlake) 6-1 Month Momentum % : 31.70% (As of Apr. 24, 2024)

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Westlake 6-1 Month Momentum % Definition

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-24), Westlake's 6-1 Month Momentum % is 31.70%.

The industry rank for Westlake's 6-1 Month Momentum % or its related term are showing as below:

WLK's 6-1 Month Momentum % is ranked better than
86.77% of 1580 companies
in the Chemicals industry
Industry Median: 1.135 vs WLK: 31.70

Competitive Comparison of Westlake's 6-1 Month Momentum %

For the Specialty Chemicals subindustry, Westlake's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Westlake 6-1 Month Momentum % Distribution

For the Chemicals industry and Basic Materials sector, Westlake's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Westlake's 6-1 Month Momentum % falls into.

Westlake (NYSE:WLK) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Westlake (NYSE:WLK) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Westlake 6-1 Month Momentum % Related Terms

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Westlake (Westlake) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Westlake Corp (NYSE:WLK) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

UEO:Germany

Address

2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056

Website

https://www.westlake.com

Westlake Corp is a manufacturer and global supplier of chemicals, polymers and building products. Its Performance and Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing and Infrastructure Products segment produces key finished goods for building products, pipe and fittings, and global compounds businesses.

Executives

Robert F. Buesinger	officer: Sr. Vice President, Vinyls	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
David Tsung-hung Chao	director, 10 percent owner	1000 UPTOWN PARK BLVD. #34, HOUSTON TX 77056
Kimberly S Lubel	director	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Johnathan Stevan Zoeller	officer: VP and CAO	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Thomas J. Janssens	officer: SVP, Ops - PEM & Corp Logistic	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Catherine T. Chao	director, 10 percent owner	5815 NE 32ND AVE, PORTLAND OR 97211
Carolyn Chao Sabat	director, 10 percent owner	3019 CHEVY CHASE DR., HOUSTON TX 77019
Albert Chao	director, officer: President and CEO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Roger L. Kearns	officer: EVP, Vinyls Chemicals	2801 POST OAK BLVD., HOUSTON TX 77056
L. Benjamin Ederington	officer: VP, General Counsel, Corp Secy	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Mark Steven Bender	officer: Vice President/Treasurer	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Lawrence E. Teel	officer: Vice President, Olefins	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Andrew Kenner	officer: VP -- Manufacturing	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Ttwfgp Llc	10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
George J Mangieri	officer: Vice President and Controller	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056