Newpark Resources Stock Forecast - Daily Balance Of Power
| NR Stock | USD 7.50 0.27 3.73% |
Newpark Stock Forecast is based on your current time horizon. Although Newpark Resources' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Newpark Resources' systematic risk associated with finding meaningful patterns of Newpark Resources fundamentals over time.
Newpark |
Open Interest Against 2024-09-20 Newpark Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Newpark Resources' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Newpark Resources' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Newpark Resources stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Newpark Resources' open interest, investors have to compare it to Newpark Resources' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Newpark Resources is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Newpark. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.15) | 0.6167 |
| Check Newpark Resources Volatility | Backtest Newpark Resources | Trend Details |
Newpark Resources Trading Date Momentum
| On February 23 2024 Newpark Resources was traded for 6.24 at the closing time. The highest price during the trading period was 6.38 and the lowest recorded bid was listed for 6.09 . The volume for the day was 697.5 K. This history from February 23, 2024 contributed to the next trading day price gain. The trading delta at closing time to the next closing price was 0.81% . The trading delta at closing time to the current price is 4.36% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Newpark Resources
For every potential investor in Newpark, whether a beginner or expert, Newpark Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Newpark Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Newpark. Basic forecasting techniques help filter out the noise by identifying Newpark Resources' price trends.View Newpark Resources Related Equities
| Risk & Return | Correlation |
Newpark Resources Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Newpark Resources' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Newpark Resources' current price.| Cycle Indicators | ||
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Newpark Resources Market Strength Events
Market strength indicators help investors to evaluate how Newpark Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Newpark Resources shares will generate the highest return on investment. By undertsting and applying Newpark Resources stock market strength indicators, traders can identify Newpark Resources entry and exit signals to maximize returns.
Newpark Resources Risk Indicators
The analysis of Newpark Resources' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Newpark Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting newpark stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.08 | |||
| Standard Deviation | 3.02 | |||
| Variance | 9.13 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Newpark Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Newpark Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Newpark Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Newpark Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Newpark Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Newpark Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Newpark Resources to buy it.
The correlation of Newpark Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Newpark Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newpark Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Newpark Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Newpark Stock Analysis
When running Newpark Resources' price analysis, check to measure Newpark Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newpark Resources is operating at the current time. Most of Newpark Resources' value examination focuses on studying past and present price action to predict the probability of Newpark Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newpark Resources' price. Additionally, you may evaluate how the addition of Newpark Resources to your portfolios can decrease your overall portfolio volatility.