Newpark Resources Backtesting

Newpark Resources Inc -- USA Stock  

USD 9.7  0.25  2.65%

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
Investment Horizon     30 Days    Login   to change
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Newpark Resources 'What if' Analysis

September 21, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 21, 2017
 0.00 
If you would invest  0.00  in Newpark Resources on September 21, 2017 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 operates in two segments, Fluids Systems, and Mats and Integrated Services

Newpark Resources Upside/Downside Indicators

  

Newpark Resources Market Premium Indicators

Newpark Resources Inc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Newpark Resources regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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Newpark Resources Inc Backtested Returns

Macroaxis considers Newpark Resources to be not very volatile. Newpark Resources Inc has Sharpe Ratio of -0.039 which conveys that Newpark Resources Inc had -0.039% 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-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Newpark Resources Inc Mean Deviation of 1.19 and Risk Adjusted Performance of (0.001822) 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 -3.1285 which conveys that as returns on market increase, returns on owning Newpark Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Newpark Resources is expected to significantly outperform it.. Even though it is essential to pay attention to Newpark Resources Inc 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-one different technical indicators which can help you to evaluate its performance. Newpark Resources Inc has expected return of -0.0602%. Please be advised to verify Newpark Resources Inc Jensen Alpha and Semi Variance to decide if Newpark Resources Inc past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.08 

Virtually no predictability

Newpark Resources Inc has virtually no predictability. Overlapping area represents the amount of predictability between Newpark Resources time series from September 21, 2017 to October 6, 2017 and October 6, 2017 to October 21, 2017. 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 0.08 indicates that barely 8.0% of current Newpark Resources price fluctuation can be explain by its past prices.
Correlation Coefficient 0.08
Spearman Rank Test -0.75
Price Variance 0.02
Lagged Price Variance 0.03

Newpark Resources Lagged Returns

 Regressed Prices 
      Timeline 

Newpark Resources Performance vs DOW

The median price of Newpark Resources for the period between Thu, Sep 21, 2017 and Sat, Oct 21, 2017 is 9.7 with a coefficient of variation of 1.82. The daily time series for the period is distributed with a sample standard deviation of 0.18, arithmetic mean of 9.75, and mean deviation of 0.13. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Newpark Resources Announces Credit Facility Amendment10/18/2017