Newpark Resources Stock Price on September 5, 2018
| NR Stock | USD 7.30 0.15 2.01% |
If you're considering investing in Newpark Stock, it is important to understand the factors that can impact its price. As of today, the current price of Newpark Resources stands at 7.30, as last reported on the 17th of April 2024, with the highest price reaching 7.49 and the lowest price hitting 7.24 during the day. Newpark Resources appears to be not too volatile, given 3 months investment horizon. Newpark Resources has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Newpark Resources, which you can use to evaluate the volatility of the firm. Please exercise Newpark Resources' Risk Adjusted Performance of 0.1071, downside deviation of 1.88, and Mean Deviation of 1.52 to check out if our risk estimates are consistent with your expectations.
Newpark Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Newpark |
Sharpe Ratio = 0.159
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Estimated Market Risk
| 2.02 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Newpark Resources is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Newpark Resources by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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About Newpark Resources Stock history
Newpark Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Newpark is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Newpark Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Newpark Resources stock prices may prove useful in developing a viable investing in Newpark Resources
Newpark Resources, Inc. provides products, rentals, and services primarily to the oil and natural gas exploration and production industry. Newpark Resources, Inc. was incorporated in 1932 and is headquartered in The Woodlands, Texas. Newpark Resources operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1565 people.
Newpark Resources Stock Technical Analysis
Newpark Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Newpark Resources Period Price Range
Newpark Resources April 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Newpark Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Newpark Resources shares will generate the highest return on investment. By undertsting and applying Newpark Resources stock market strength indicators, traders can identify Newpark Resources entry and exit signals to maximize returns
| Accumulation Distribution | 16930.37 | |||
| Daily Balance Of Power | (0.60) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 7.37 | |||
| Day Typical Price | 7.34 | |||
| Price Action Indicator | (0.14) | |||
| Period Momentum Indicator | (0.15) | |||
| Relative Strength Index | 54.52 |
Newpark Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Newpark Resources' price direction in advance. Along with the technical and fundamental analysis of Newpark Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Newpark to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1071 | |||
| Jensen Alpha | 0.2686 | |||
| Total Risk Alpha | 0.1655 | |||
| Sortino Ratio | 0.141 | |||
| Treynor Ratio | 0.3327 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newpark Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Newpark Stock, please use our How to Invest in Newpark Resources guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Newpark Stock analysis
When running Newpark Resources' price analysis, check to measure Newpark Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newpark Resources is operating at the current time. Most of Newpark Resources' value examination focuses on studying past and present price action to predict the probability of Newpark Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newpark Resources' price. Additionally, you may evaluate how the addition of Newpark Resources to your portfolios can decrease your overall portfolio volatility.
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Is Newpark Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Newpark Resources. If investors know Newpark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Newpark Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Newpark Resources is measured differently than its book value, which is the value of Newpark that is recorded on the company's balance sheet. Investors also form their own opinion of Newpark Resources' value that differs from its market value or its book value, called intrinsic value, which is Newpark Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Newpark Resources' market value can be influenced by many factors that don't directly affect Newpark Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Newpark Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Newpark Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newpark Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.