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
Projected Return Density Against MarketAllowing 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