Newpark Resources Backtesting

NR -- USA Stock  

USD 9.85  0.25  2.60%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Newpark Resources 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
SymbolX
Backtest

Newpark Resources 'What if' Analysis

June 20, 2018
0.00
No Change 0.00  0.0%
In 30 days
July 20, 2018
0.00
If you would invest  0.00  in Newpark Resources on June 20, 2018 and sell it all today you would earn a total of 0.00 from holding Newpark Resources or generate 0.0% return on investment in Newpark Resources over 30 days. Newpark Resources is related to or competes with Enbridge Energy, and McDermott International. Newpark Resources, Inc. provides products, rentals, and services primarily to the oil and gas exploration and production...

Newpark Resources Upside/Downside Indicators

Information Ratio0.12
Maximum Drawdown12.26
Value At Risk3.23
Potential Upside4.23
  

Newpark Resources Market Premium Indicators

Risk Adjusted Performance0.032159
Jensen Alpha0.35
Total Risk Alpha0.89
Treynor Ratio0.19

Newpark Resources Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
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

Newpark Resources lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Newpark Resources regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Newpark Resources Lagged Returns

 Regressed Prices 
      Timeline 

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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. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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