Newpark Resources Price on August 8, 2024
NRDelisted Stock | USD 7.25 0.37 4.86% |
If you're considering investing in Newpark Stock, it is important to understand the factors that can impact its price. As of today, the current price of Newpark Resources stands at 7.25, as last reported on the 21st of December, with the highest price reaching 7.81 and the lowest price hitting 7.25 during the day. Newpark Resources has Sharpe Ratio of -0.0048, which conveys that the firm had a -0.0048% return per unit of risk over the last 3 months. Newpark Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newpark Resources' Risk Adjusted Performance of 0.0018, mean deviation of 1.8, and Standard Deviation of 2.47 to check out the risk estimate we provide.
Newpark Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Newpark |
Sharpe Ratio = -0.0048
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Estimated Market Risk
2.45 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Newpark Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Newpark Resources by adding Newpark Resources to a well-diversified portfolio.
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Enerflex Headline on 8th of August 2024
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Enerflex came out with quarterly earnings of 0.04 per share, missing the Zacks Consensus Estimate of 0.06 per share. This compares to loss of 0.02 per share a year ago. These figures are adjusted for non-recurring items.
Newpark Resources Valuation on August 8, 2024
It is possible to determine the worth of Newpark Resources on a given historical date. On August 8, 2024 Newpark was worth 7.89 at the beginning of the trading date compared to the closed value of 7.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Newpark Resources stock. Still, in general, we apply an absolute valuation method to find Newpark Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Newpark Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Newpark Resources' related companies.
Open | High | Low | Close | Volume | |
8.19 | 8.23 | 7.75 | 7.79 | 824,080 | |
08/08/2024 | 7.89 | 7.89 | 7.58 | 7.60 | 542,678 |
7.58 | 7.69 | 7.45 | 7.45 | 534,393 |
Backtest Newpark Resources | | | Newpark Resources History | | | Newpark Resources Valuation | Previous | Next |
Newpark Resources Trading Date Momentum on August 8, 2024
On August 09 2024 Newpark Resources was traded for 7.45 at the closing time. The highest price during the trading period was 7.69 and the lowest recorded bid was listed for 7.45 . The volume for the day was 534.4 K. This history from August 9, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.97% . The trading delta at closing time to the current price is 4.74% . |
Newpark Resources Fundamentals Correlations and Trends
By evaluating Newpark Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Newpark Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Newpark financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Newpark Resources Stock history
Newpark Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Newpark is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Newpark Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Newpark Resources stock prices may prove useful in developing a viable investing in Newpark Resources
Newpark Resources, Inc. provides products, rentals, and services primarily to the oil and natural gas exploration and production industry. Newpark Resources, Inc. was incorporated in 1932 and is headquartered in The Woodlands, Texas. Newpark Resources operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1565 people.
Newpark Resources Stock Technical Analysis
Newpark Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
Price Boundaries
Newpark Resources Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
Newpark Resources cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Newpark Resources December 21, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Newpark Resources' price direction in advance. Along with the technical and fundamental analysis of Newpark Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Newpark to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0018 | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.09) | |||
Treynor Ratio | (0.07) |
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Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
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Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newpark Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Other Consideration for investing in Newpark Stock
If you are still planning to invest in Newpark Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Newpark Resources' history and understand the potential risks before investing.
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