Newpark Resources Stock Market Value
| NR Stock | USD 8.36 0.07 0.84% |
| Symbol | Newpark |
Newpark Resources Price To Book Ratio
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Newpark Resources. If investors know Newpark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Newpark Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.535 | Earnings Share 0.38 | Revenue Per Share 8.757 | Quarterly Revenue Growth (0.23) | Return On Assets 0.047 |
The market value of Newpark Resources is measured differently than its book value, which is the value of Newpark that is recorded on the company's balance sheet. Investors also form their own opinion of Newpark Resources' value that differs from its market value or its book value, called intrinsic value, which is Newpark Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Newpark Resources' market value can be influenced by many factors that don't directly affect Newpark Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Newpark Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Newpark Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newpark Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Newpark Resources 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Newpark Resources' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Newpark Resources.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Newpark Resources on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Newpark Resources or generate 0.0% return on investment in Newpark Resources over 210 days. Newpark Resources is related to or competes with Now, Enerflex, Bristow, Forum Energy, Helix Energy, Oceaneering International, and RPC. Newpark Resources, Inc. provides products, rentals, and services primarily to the oil and natural gas exploration and pr... More
Newpark Resources Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Newpark Resources' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Newpark Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.55 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 3.73 |
Newpark Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newpark Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newpark Resources' standard deviation. In reality, there are many statistical measures that can use Newpark Resources historical prices to predict the future Newpark Resources' volatility.| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0216 |
Newpark Resources Backtested Returns
Currently, Newpark Resources is somewhat reliable. Newpark Resources has Sharpe Ratio of 0.0476, which conveys that the firm had a 0.0476% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Newpark Resources, which you can use to evaluate the volatility of the firm. Please verify Newpark Resources' Mean Deviation of 1.76, risk adjusted performance of 0.0239, and Downside Deviation of 2.25 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Newpark Resources has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 2.05, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Newpark Resources will likely underperform. Newpark Resources right now secures a risk of 2.41%. Please verify Newpark Resources sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Newpark Resources will be following its current price movements.
Auto-correlation | -0.35 |
Poor reverse predictability
Newpark Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Newpark Resources time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Newpark Resources price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Newpark Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Newpark Resources lagged returns against current returns
Autocorrelation, which is Newpark Resources stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Newpark Resources' stock expected returns. We can calculate the autocorrelation of Newpark Resources returns to help us make a trade decision. For example, suppose you find that Newpark Resources has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Newpark Resources regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Newpark Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newpark Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newpark Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Newpark Resources Lagged Returns
When evaluating Newpark Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newpark Resources stock have on its future price. Newpark Resources autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Newpark Resources autocorrelation shows the relationship between Newpark Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Newpark Resources.
Regressed Prices |
| Timeline |
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.Moving against Newpark Stock
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.