Newpark Resources Risk Analysis And Volatility Evaluation

NR -- USA Stock  

USD 10.00  0.20  2.04%

Macroaxis considers Newpark Resources to be moderately volatile. Newpark Resources has Sharpe Ratio of -0.1645 which conveys that Newpark Resources had -0.1645% 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 Mean Deviation of 1.46 and Risk Adjusted Performance of 0.07 to check out risk estimate we provide.
Horizon     30 Days    Login   to change

Newpark Resources Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Newpark Resources will likely underperform.
One Month Beta |Analyze Newpark Resources Demand Trend
Check current 30 days Newpark Resources correlation with market (DOW)
β = 2.7628
Newpark Resources Large BetaNewpark Resources Beta Legend

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.

Newpark Resources Projected Return Density Against Market

Allowing for the 30-days total investment horizon, the stock has beta coefficient of 2.7628 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Newpark Resources will likely underperform. Additionally, Newpark Resources has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Allowing for the 30-days total investment horizon, the coefficient of variation of Newpark Resources is -607.97. The daily returns are destributed with a variance of 4.39 and standard deviation of 2.09. The mean deviation of Newpark Resources is currently at 1.47. For similar time horizon, the selected benchmark (DOW) has volatility of 0.45
α
Alpha over DOW
=0.82
β
Beta against DOW=2.76
σ
Overall volatility
=2.09
Ir
Information ratio =0.26

Newpark Resources Return Volatility

Newpark Resources accepts 2.0942% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Newpark Resources Volatility Factors

30 Days Market Risk

Moderately volatile

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Hypersensitive to market

Investment Outlook

Newpark Resources Investment Opportunity

Newpark Resources has a volatility of 2.09 and is 4.64 times more volatile than DOW. 19% 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 19 (%) of all global equities and portfolios over the last 30 days. Use Newpark Resources to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Newpark Resources to be traded at $12.0 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Newpark Resources will likely underperform.

Newpark Resources correlation with market

Poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Newpark Resources Inc and equity matching DJI index in the same portfolio.

Newpark Resources Volatility Indicators

Newpark Resources Current Risk Indicators

Please see also Stocks Correlation. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Search macroaxis.com