WLKP (Westlake Chemical Partners LP) Momentum Rank : 8 (As of Apr. 22, 2025)

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What is Westlake Chemical Partners LP Momentum Rank?

Westlake Chemical Partners LP has the Momentum Rank of 8.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Westlake Chemical Partners LP's Momentum Rank

For the Chemicals subindustry, Westlake Chemical Partners LP's Momentum Rank, along with its competitors' market caps and Momentum Rank 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 Chemical Partners LP's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Westlake Chemical Partners LP's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Westlake Chemical Partners LP's Momentum Rank falls into.

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Westlake Chemical Partners LP Momentum Rank Related Terms

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Westlake Chemical Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Westlake Chemical Partners LP (NYSE:WLKP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.wlkpartners.com

Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develops ethylene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.

Executives

Andrew Kenner	officer: SVP, Olefin Material & Corp Pr	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Randy Woelfel	director	3411-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
G Stephen Finley	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Lisa A. Friel	director	2611 PLUM HOLLOW, SAN ANTONIO TX 78258
James Chao	director, 10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Thomas J. Janssens	officer: VP, Olefins Feedstock & Energy	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Johnathan Stevan Zoeller	officer: VP and CAO	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Albert Chao	director, 10 percent owner, officer: President & CEO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
L. Benjamin Ederington	director, officer: VP, General Counsel	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Mark Steven Bender	director, officer: Sr VP, CFO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Lawrence E. Teel	officer: SVP, Olefins	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Ttwfgp Llc	10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
David Lumpkins	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
Angela A Minas	director	3262 WESTHEIMER ROAD #627, HOUSTON TX 77098
Blackstone Securities Partners L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154-0191