Newpark Resources Probability of Target Price Finishing Above 9.7

Newpark Resources -- USA Stock  

USD 9.65  0.15  1.53%

Newpark Resources probability of target price tool provides mechanism to make assumptions about upside and downside potential of Newpark Resources performance during a given time horizon utilizing its historical volatility. Please specify Newpark Resources time horizon, a valid symbol (red box) and a target price (blue box) you would like Newpark Resources odds to be computed. Please see also Newpark Resources Backtesting, Newpark Resources Valuation, Newpark Resources Correlation, Newpark Resources Hype Analysis, Newpark Resources Volatility, Newpark Resources History as well as Newpark Resources Performance.
 Time Horizon     30 Days    Login   to change
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Newpark Resources Target Price Odds to finish below 9.7

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 9.65 30 days 9.70  roughly 2.75% about 97.0%
Based on normal probability distribution, the odds of Newpark Resources to stay under $ 9.70  after 30 days from now is about 97.0% (This Newpark Resources probability density function shows the probability of Newpark Resources Stock to fall within a particular range of prices over 30 days) . Probability of Newpark Resources price to stay between its current price of $ 9.65  and $ 9.70  at the end of the 30-day period is near 1%.
Allowing for the 30-days total investment horizon, Newpark Resources has beta of 0.2965 indicating as returns on market go up, Newpark Resources average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Newpark Resources will be expected to be much smaller as well. Additionally Newpark Resources has an alpha of 0.36038807429545455 implying that it can potentially generate 0.36038807429545455% excess return over DOW after adjusting for the inherited market risk (beta).
97.0%
Odds to stay under $ 9.70  after 30 days
 Newpark Resources Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.36
β
Beta against DOW=0.30
σ
Overall volatility
=0.49
Ir
Information ratio =0.18

Current Sentiment - NR

Newpark Resources Investor Sentiment
Larger part of Macroaxis users are now bullish on Newpark Resources. What is your trading attitude regarding investing in Newpark Resources? Are you bullish or bearish?
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98% Bullish
2% Bearish
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Please see also Newpark Resources Backtesting, Newpark Resources Valuation, Newpark Resources Correlation, Newpark Resources Hype Analysis, Newpark Resources Volatility, Newpark Resources History as well as Newpark Resources Performance. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.