Owens Corning Stock Statistic Functions Beta
| OC Stock | USD 120.57 0.64 0.53% |
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Owens Corning correlated with the market. If Beta is less than 0 Owens Corning generally moves in the opposite direction as compared to the market. If Owens Corning Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Owens Corning is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Owens Corning is generally in the same direction as the market. If Beta > 1 Owens Corning moves generally in the same direction as, but more than the movement of the benchmark.
Owens Corning Technical Analysis Modules
Most technical analysis of Owens Corning help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Owens from various momentum indicators to cycle 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 | ||
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About Owens Corning Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Owens Corning. We use our internally-developed statistical techniques to arrive at the intrinsic value of Owens Corning based on widely used predictive technical indicators. In general, we focus on analyzing Owens Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Owens Corning's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Owens Corning's intrinsic value. In addition to deriving basic predictive indicators for Owens Corning, we also check how macroeconomic factors affect Owens Corning price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 | 2026 (projected) | Dividend Yield | 0.0141 | 0.014 | 0.00968 | Price To Sales Ratio | 1.38 | 1.35 | 1.28 |
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.
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Owens Corning pair trading
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 Owens Corning 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 Owens Corning will appreciate offsetting losses from the drop in the long position's value.Owens Corning Pair Trading
Owens Corning Pair Trading Analysis
The ability to find closely correlated positions to Owens Corning could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Owens Corning 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 Owens Corning - 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 Owens Corning to buy it.
The correlation of Owens Corning 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 Owens Corning moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Owens Corning 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 Owens Corning 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Will Building Products sector continue expanding? Could Owens diversify its offerings? Factors like these will boost the valuation of Owens Corning. Anticipated expansion of Owens directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Owens Corning data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 0.312 | Dividend Share 2.76 | Earnings Share (0.86) | Revenue Per Share | Quarterly Revenue Growth (0.03) |
Understanding Owens Corning requires distinguishing between market price and book value, where the latter reflects Owens's accounting equity. The concept of intrinsic value—what Owens Corning's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Owens Corning's price substantially above or below its fundamental value.
It's important to distinguish between Owens Corning's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Owens Corning should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Owens Corning's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.