Newpark Resources Risk Analysis And Volatility Evaluation

NR -- USA Stock  

USD 10.37  0.07  0.68%

Macroaxis considers Newpark Resources to be not very volatile. Newpark Resources has Sharpe Ratio of -0.1593 which conveys that Newpark Resources had -0.1593% 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 1.19 and Risk Adjusted Performance of 0.01 to check out risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Newpark Resources Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Newpark Resources Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Allowing for the 30-days total investment horizon, Newpark Resources has beta of 0.0 indicating unless we do not have required data, the returns on DOW and Newpark Resources are completely uncorrelated. Furthermore, Newpark ResourcesIt does not look like Newpark Resources alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Allowing for the 30-days total investment horizon, the coefficient of variation of Newpark Resources is -627.87. The daily returns are destributed with a variance of 2.6 and standard deviation of 1.61. The mean deviation of Newpark Resources is currently at 1.17. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=1.61
Ir
Information ratio =0.11

Actual Return Volatility

Newpark Resources accepts 1.6122% volatility on return distribution over the 30 days horizon. DOW inherits 0.6315% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Newpark Resources Volatility Factors

30 Days Market Risk

Not very volatile

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

Newpark Resources Investment Opportunity
Newpark Resources has a volatility of 1.61 and is 2.56 times more volatile than DOW. 14% of all equities and portfolios are less risky than Newpark Resources. Compared to the overall equity markets, volatility of historical daily returns of Newpark Resources is lower than 14 (%) of all global equities and portfolios over the last 30 days.

Total Debt

Newpark Resources Total Debt History

Total Debt

Volatility Indicators

Newpark Resources Current Risk Indicators
Please see also Stocks Correlation. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.