Owens Corning Stock Forecast - Naive Prediction
| OC Stock | USD 114.15 2.24 2.00% |
The Naive Prediction forecasted value of Owens Corning on the next trading day is expected to be 109.74 with a mean absolute deviation of 3.64 and the sum of the absolute errors of 221.84. Owens Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Owens Corning stock prices and determine the direction of Owens Corning's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Owens Corning's historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the relative strength index (rsi) of Owens Corning's share price is below 20 . This indicates that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth 0.312 | EPS Estimate Next Quarter 2.6237 | EPS Estimate Current Year 12.1946 | EPS Estimate Next Year 10.9476 | Wall Street Target Price 139.3125 |
Using Owens Corning hype-based prediction, you can estimate the value of Owens Corning from the perspective of Owens Corning response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Owens Corning using Owens Corning's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Owens using crowd psychology based on the activity and movement of Owens Corning's stock price.
Owens Corning Short Interest
A significant increase or decrease in Owens Corning's short interest from the previous month could be a good indicator of investor sentiment towards Owens. Short interest can provide insight into the potential direction of Owens Corning stock and how bullish or bearish investors feel about the market overall.
200 Day MA 134.6407 | Short Percent 0.0446 | Short Ratio 1.49 | Shares Short Prior Month 2.6 M | 50 Day MA 113.3726 |
Owens Corning Hype to Price Pattern
Investor biases related to Owens Corning's public news can be used to forecast risks associated with an investment in Owens. The trend in average sentiment can be used to explain how an investor holding Owens can time the market purely based on public headlines and social activities around Owens Corning. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Owens Corning's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Owens Corning.
Owens Corning Implied Volatility | 0.61 |
Owens Corning's implied volatility exposes the market's sentiment of Owens Corning stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Owens Corning's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Owens Corning stock will not fluctuate a lot when Owens Corning's options are near their expiration.
The Naive Prediction forecasted value of Owens Corning on the next trading day is expected to be 109.74 with a mean absolute deviation of 3.64 and the sum of the absolute errors of 221.84. Owens Corning after-hype prediction price | USD 113.22 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Owens Corning to cross-verify your projections. Open Interest Against 2026-02-20 Owens Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Owens Corning's 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 Owens Corning's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Owens Corning 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 Owens Corning's open interest, investors have to compare it to Owens Corning's 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 Owens Corning 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 Owens. 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.
Owens Corning Additional Predictive Modules
Most predictive techniques to examine Owens price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Owens using various technical indicators. When you analyze Owens charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Owens Corning Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Owens Corning's financial statements to predict how it will affect future prices.
Cash | First Reported 1988-12-31 | Previous Quarter 230 M | Current Value 294 M | Quarterly Volatility 412.1 M |
Owens Corning Naive Prediction Price Forecast For the 3rd of January
Given 90 days horizon, the Naive Prediction forecasted value of Owens Corning on the next trading day is expected to be 109.74 with a mean absolute deviation of 3.64, mean absolute percentage error of 19.37, and the sum of the absolute errors of 221.84.Please note that although there have been many attempts to predict Owens Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Owens Corning's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Owens Corning Stock Forecast Pattern
| Backtest Owens Corning | Owens Corning Price Prediction | Buy or Sell Advice |
Owens Corning Forecasted Value
In the context of forecasting Owens Corning's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Owens Corning's downside and upside margins for the forecasting period are 107.59 and 111.90, respectively. We have considered Owens Corning's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Owens Corning stock data series using in forecasting. Note that when a statistical model is used to represent Owens Corning stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 121.074 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.6367 |
| MAPE | Mean absolute percentage error | 0.0315 |
| SAE | Sum of the absolute errors | 221.8364 |
Predictive Modules for Owens Corning
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Owens Corning. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Owens Corning's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Owens Corning
For every potential investor in Owens, whether a beginner or expert, Owens Corning's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Owens Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Owens. Basic forecasting techniques help filter out the noise by identifying Owens Corning's price trends.View Owens Corning Related Equities
| Risk & Return | Correlation |
Owens Corning 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 Owens Corning's 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 Owens Corning's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Owens Corning Market Strength Events
Market strength indicators help investors to evaluate how Owens Corning stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Owens Corning shares will generate the highest return on investment. By undertsting and applying Owens Corning stock market strength indicators, traders can identify Owens Corning entry and exit signals to maximize returns.
Owens Corning Risk Indicators
The analysis of Owens Corning's 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 Owens Corning's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting owens 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 | 1.38 | |||
| Standard Deviation | 2.11 | |||
| Variance | 4.46 |
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.
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Check out Historical Fundamental Analysis of Owens Corning to cross-verify your projections. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Building Products 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 Owens Corning. If investors know Owens 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 Owens Corning 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 0.312 | Dividend Share 2.76 | Earnings Share (0.86) | Revenue Per Share | Quarterly Revenue Growth (0.03) |
The market value of Owens Corning is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Corning's value that differs from its market value or its book value, called intrinsic value, which is Owens Corning'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 Owens Corning's market value can be influenced by many factors that don't directly affect Owens Corning'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 Owens Corning's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Corning is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Corning'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.