Newpark Resources Risk Analysis

Newpark Resources Inc -- USA Stock  

USD 9.75  0.2  2.09%

We consider Newpark Resources not very volatile. Newpark Resources Inc has Sharpe Ratio of 0.0384 which conveys that Newpark Resources Inc had 0.0384% of return per unit of risk over the last 1 month. Our philosophy towards estimating volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Newpark Resources which you can use to evaluate future volatility of the firm. Please verify Newpark Resources Inc Downside Deviation of 1.81, Mean Deviation of 1.07 and Risk Adjusted Performance of 0.01 to check out if risk estimate we provide are consistent with the epected return of 0.0552%.
Investment Horizon     30 Days    Login   to change

Newpark Resources Market Sensitivity

One Month Beta |Analyze Newpark Resources Inc Demand Trend
Check current 30 days Newpark Resources correlation with market (DOW)
β = -1.1444
Newpark Resources llmost one BetaNewpark Resources Inc Beta Legend

Projected Return Density Against Market

Allowing for the 30-days total investment horizon, Newpark Resources Inc has beta of -1.1444 indicating Moreover, Newpark Resources Inc has an alpha of 0.1419 implying that it can potentially generate 0.1419% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Allowing for the 30-days total investment horizon, the coefficient of variation of Newpark Resources is 2602.76. The daily returns are destributed with a variance of 2.06 and standard deviation of 1.44. The mean deviation of Newpark Resources Inc is currently at 1.08. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23
α
Alpha over DOW
= 0.14 
βBeta against DOW=(1.14) 
σ
Overall volatility
= 1.44 
 IrInformation ratio =(0.0852) 

Actual Return Volatility

Newpark Resources Inc accepts 1.4367% volatility on return distribution over the 30 days horizon. DOW inherits 0.2252% 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

Totally opposite to market

Total Debt

Newpark Resources Inc Total Debt History

Total Debt

Largest Trends

Newpark Resources Largest Period Trend

Investment Outlook

Newpark Resources Investment Opportunity
Newpark Resources Inc has a volatility of 1.44 and is 6.26 times more volatile than DOW. 13% 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 Inc is lower than 13 (%) of all global equities and portfolios over the last 30 days. Use Newpark Resources Inc 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 $11.7 in 30 days.

Newpark Resources correlation with market

Good 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.