Westlake Corporation (WLK) — Stock Correlations & Overview
Over the past year, WLK has moved most closely with DOW, OLN, CE. Explore the stocks most correlated and inversely correlated with WLK below, along with its price, financials, and company profile.
Stocks correlated with WLK
Correlation of daily returns. Higher positive values move with WLK; negative values move opposite it. Informational only, not investment advice.
Most correlated with WLK
| Symbol | Company | Correlation |
|---|---|---|
| DOW | Dow Inc.PLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS | 0.68 |
| OLN | Olin Corp.CHEMICALS & ALLIED PRODUCTS | 0.66 |
| CE | Celanese Corporation Common StockPLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) | 0.64 |
| LYB | LyondellBasell Industries N.V. Class AINDUSTRIAL ORGANIC CHEMICALS | 0.60 |
| EMN | Eastman Chemical CompanyPLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS | 0.59 |
Most inversely correlated with WLK
| Symbol | Company | Correlation |
|---|---|---|
| SMN | ProShares UltraShort Materials | -0.46 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.36 |
| SDD | ProShares UltraShort SmallCap600 | -0.33 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.33 |
| MZZ | ProShares UltraShort MidCap400 | -0.33 |
Frequently asked questions about WLK correlations
- Which stocks are most correlated with WLK?
- Based on one year of daily returns, the stocks most correlated with Westlake Corporation (WLK) are DOW (0.68), OLN (0.66) and CE (0.64). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with WLK?
- Over the past year, the stocks most inversely correlated with Westlake Corporation (WLK) are SMN (-0.46), DWSH (-0.36) and SDD (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these WLK correlations calculated?
- We compute the correlation of daily returns between WLK and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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