Westlake Chemical Partners LP (WLKP)

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Westlake Chemical Partners LP (WLKP) is up 23.9% since the beginning of the year. At $23 per share, WLKP is trading 5.5% below its 52-week high of $24. Investors who bought $1,000 worth of WLKP shares 5 years ago would now be looking at an investment worth $1,259.

Westlake Chemical Partners LP (WLKP) has returned 23.92% so far this year and 12.41% over the past 12 months. Over the last ten years, WLKP has returned 9.45% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jul 30, 2014, WLKP's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.

Historically, 51% of months were positive and 49% were negative. The best month was Dec 2015 with a return of +42.4%, while the worst month was Mar 2020 at -28.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, WLKP closed higher 48% of trading days. The best single day was Mar 19, 2020 with a return of +23.2%, while the worst single day was May 6, 2015 at -17.6%.

Westlake Chemical Partners LP has an annualized alpha of 2.01%, beta of 0.55, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since July 30, 2014.

• This stock participated in 89.77% of S&P 500 Index downside but only 64.29% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.55 may look defensive, but with R2 of 0.11 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.11 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

WLKP ranks 59 for risk / return — on par with similar stocks. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Westlake Chemical Partners LP provided a 8.35% dividend yield over the last twelve months, with an annual payout of $1.89 per share. The company has been increasing its dividends for 11 consecutive years.

The table displays the monthly dividend distributions for Westlake Chemical Partners LP. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Westlake Chemical Partners LP. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Westlake Chemical Partners LP was 60.17%, occurring on Mar 18, 2020. Recovery took 220 trading sessions.

The current Westlake Chemical Partners LP drawdown is 3.26%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Westlake Chemical Partners LP over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Westlake Chemical Partners LP is priced in the market compared to other companies in the Chemicals industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.