Newpark Resources Backtesting

Newpark Resources Inc -- USA Stock  

USD 8.65  0.05  0.58%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Newpark Resources Inc and determine expected loss or profit from investing in Newpark Resources over given investment horizon. Please see also Newpark Resources Hype Analysis, Newpark Resources Correlation, Newpark Resources Valuation, Newpark Resources Volatility as well as analyze Newpark Resources Alpha and Beta and Newpark Resources Performance
 Time Horizon     30 Days    Login   to change

Newpark Resources 'What if' Analysis

February 18, 2018
No Change 0.00  0.0%
In 31 days
March 20, 2018
If you would invest  0.00  in Newpark Resources on February 18, 2018 and sell it all today you would earn a total of 0.00 from holding Newpark Resources Inc or generate 0.0% return on investment in Newpark Resources over 30 days. Newpark Resources is related to or competes with Ampco Pittsburgh, Brunswick, Curtiss Wright, Deere, China Ming, and . Newpark Resources, Inc. provides products, rentals, and services primarily to the oil and gas exploration and production...

Newpark Resources Upside/Downside Indicators


Newpark Resources Market Premium Indicators

Newpark Resources Inc lagged returns against current returns

 Current and Lagged Values 

Newpark Resources regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Newpark Resources Inc Backtested Returns

We consider Newpark Resources not very volatile. Newpark Resources Inc has Sharpe Ratio of 0.1089 which conveys that Newpark Resources Inc had 0.1089% of return per unit of risk over the last 1 month. Our philosophy towards estimating volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Newpark Resources which you can use to evaluate future volatility of the firm. Please verify Newpark Resources Inc Downside Deviation of 2.17, Mean Deviation of 1.3 and Risk Adjusted Performance of 0.0635 to check out if risk estimate we provide are consistent with the epected return of 0.1814%. Newpark Resources has performance score of 7 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.2294 which conveys that as returns on market increase, returns on owning Newpark Resources are expected to decrease at a much smaller rate. During bear market, Newpark Resources is likely to outperform the market.. Although it is extremely important to respect Newpark Resources Inc price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Newpark Resources Inc technical indicators you can presently evaluate if the expected return of 0.1814% will be sustainable into the future. Newpark Resources Inc right now secures a risk of 1.6662%. Please verify Newpark Resources Inc Jensen Alpha and Semi Variance to decide if Newpark Resources Inc will be following its current price movements.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.17 

Very weak predictability

Newpark Resources Inc has very weak predictability. Overlapping area represents the amount of predictability between Newpark Resources time series from February 18, 2018 to March 5, 2018 and March 5, 2018 to March 20, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Newpark Resources Inc price movement. The serial correlation of 0.17 indicates that over 17.0% of current Newpark Resources price fluctuation can be explain by its past prices.
Correlation Coefficient 0.17
Spearman Rank Test -0.19
Price Variance 0.01
Lagged Price Variance 0.02

Newpark Resources Lagged Returns

 Regressed Prices 

Newpark Resources Performance vs DOW

The median price of Newpark Resources for the period between Sun, Feb 18, 2018 and Tue, Mar 20, 2018 is 8.65 with a coefficient of variation of 2.2. The daily time series for the period is distributed with a sample standard deviation of 0.19, arithmetic mean of 8.62, and mean deviation of 0.16. The Stock received some media coverage during the period.
 Price Growth (%)  
Newpark Resources Announces Retirement Of Board Chairman02/27/2018
Oslo Asset Management Asa Cut Its Newpark Resources Position...03/20/2018