Newpark Resources Risk Analysis

Newpark Resources Inc -- USA Stock  

USD 8.45  0.25  3.05%

Macroaxis considers Newpark Resources to be relatively volatile. Newpark Resources Inc has Sharpe Ratio of -0.1838 which conveys that Newpark Resources Inc had -0.1838% 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 Inc Mean Deviation of 1.94 and Risk Adjusted Performance of (0.11) to check out risk estimate we provide.
Investment Horizon     30 Days    Login   to change

Newpark Resources Market Sensitivity

Newpark Resources returns are very sensitive to returns on the market. As market goes up or down, Newpark Resources is expected to follow.
One Month Beta |Analyze Newpark Resources Inc Demand Trend
Check current 30 days Newpark Resources correlation with market (DOW)
β = 1.0367
Newpark Resources llmost one BetaNewpark Resources Inc Beta Legend

Newpark Resources Inc Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Newpark Resources Inc 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, the stock has beta coefficient of 1.0367 indicating Newpark Resources Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Newpark Resources is expected to follow. Additionally, Newpark Resources Inc 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 -544.01. The daily returns are destributed with a variance of 6.65 and standard deviation of 2.58. The mean deviation of Newpark Resources Inc is currently at 1.94. For similar time horizon, the selected benchmark (DOW) has volatility of 0.5
α
Alpha over DOW
=0.8
βBeta against DOW=1.04
σ
Overall volatility
=2.58
 IrInformation ratio =0.31

Actual Return Volatility

Newpark Resources Inc accepts 2.579% volatility on return distribution over the 30 days horizon. DOW inherits 0.5042% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Newpark Resources Volatility Factors

30 Days Market Risk

Relatively volatile

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Almost mirrors 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 2.58 and is 5.16 times more volatile than DOW. 24% 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 24 (%) 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 $10.14 in 30 days. Newpark Resources returns are very sensitive to returns on the market. As market goes up or down, Newpark Resources is expected to follow.

Newpark Resources correlation with market

Modest 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.

Volatility Indicators

Newpark Resources Current Risk Indicators