|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 TrendCheck current 30 days Newpark Resources correlation with market (DOW)|
β = 2.7628
Newpark Resources Technical Analysis
Newpark Resources Projected Return Density Against MarketAllowing 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
Newpark Resources Return VolatilityNewpark 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.