Npk International Stock Beta
| NPKI Stock | 7.35 0.16 2.13% |
NPK International fundamentals help investors to digest information that contributes to NPK International's financial success or failures. It also enables traders to predict the movement of NPK Stock. The fundamental analysis module provides a way to measure NPK International's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NPK International stock.
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NPK International Company Beta Analysis
NPK International's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, NPK International has a Beta of 0.0. This is 100.0% lower than that of the Energy sector and 100.0% lower than that of the Oil & Gas Equipment & Services industry. The beta for all United States stocks is 100.0% lower than that of the firm.
NPK Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NPK International's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NPK International could also be used in its relative valuation, which is a method of valuing NPK International by comparing valuation metrics of similar companies.NPK International is currently under evaluation in beta category among its peers.
About NPK International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NPK International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NPK International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NPK International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Check out NPK International Piotroski F Score and NPK International Altman Z Score analysis. For more detail on how to invest in NPK Stock please use our How to Invest in NPK International guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Machinery 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 NPK International. If investors know NPK 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 NPK International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of NPK International is measured differently than its book value, which is the value of NPK that is recorded on the company's balance sheet. Investors also form their own opinion of NPK International's value that differs from its market value or its book value, called intrinsic value, which is NPK International's 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 NPK International's market value can be influenced by many factors that don't directly affect NPK International's 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 NPK International's value and its price as these two are different measures arrived at by different means. Investors typically determine if NPK International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NPK International's 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.