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 TrendCheck current 30 days Newpark Resources correlation with market (DOW)|
β = -1.1444
Projected Return Density Against MarketAllowing 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).
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