Macroaxis considers Newpark Resources to be relatively volatile. Newpark Resources
has Sharpe Ratio of -0.0667 which conveys that Newpark Resources
had -0.0667% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Newpark Resources exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Newpark Resources Mean Deviation
of 2.05 and Risk Adjusted Performance
of 0.032159 to check out risk estimate we provide. Macroaxis gives Newpark Resources performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 1.0372 which conveys that Newpark Resources returns are very sensitive to returns on the market. as market goes up or down, Newpark Resources is expected to follow.. Even though it is essential to pay attention to Newpark Resources price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Newpark Resources exposes twenty-eight different technical indicators which can help you to evaluate its performance. Newpark Resources has expected return of -0.1878%. Please be advised to verify Newpark Resources Sortino Ratio, Semi Variance as well as the relationship between Semi Variance and Rate Of Daily Change to decide if Newpark Resources past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.01 |
Virtually no predictability
Newpark Resources has virtually no predictability. Overlapping area represents the amount of predictability between Newpark Resources time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 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 price movement. The serial correlation of 0.01 indicates that just 1.0% of current Newpark Resources price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.01|
|Spearman Rank Test|| -0.05|
|Price Variance|| 0.14|
|Lagged Price Variance|| 0.11|