Owens Corning Stock Alpha and Beta Analysis
| OC Stock | USD 210.81 8.04 3.97% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Owens Corning. It also helps investors analyze the systematic and unsystematic risks associated with investing in Owens Corning over a specified time horizon. Remember, high Owens Corning's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Owens Corning's market risk premium analysis include:
Beta 1.22 | Alpha 0.19 | Risk 1.78 | Sharpe Ratio 0.18 | Expected Return 0.32 |
Owens Corning Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Owens |
Owens Corning Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Owens Corning market risk premium is the additional return an investor will receive from holding Owens Corning long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Owens Corning. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Owens Corning's performance over market.| α | 0.19 | β | 1.22 |
Owens Corning expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Owens Corning's Buy-and-hold return. Our buy-and-hold chart shows how Owens Corning performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Owens Corning Market Price Analysis
Market price analysis 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 understating and applying Owens Corning stock market price indicators, traders can identify Owens Corning position entry and exit signals to maximize returns.
Owens Corning Return and Market Media
The median price of Owens Corning for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 179.4 with a coefficient of variation of 6.52. The daily time series for the period is distributed with a sample standard deviation of 11.58, arithmetic mean of 177.7, and mean deviation of 9.63. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 213 shares by Ball Christopher O of Owens Corning at 157.15 subject to Rule 16b-3 | 09/06/2024 |
2 | Owens Corning executive sells shares worth over 500k | 09/19/2024 |
3 | Is Trending Stock Owens Corning Inc a Buy Now | 10/11/2024 |
4 | Disposition of 101 shares by Mendez-andino Jose of Owens Corning at 151.67 subject to Rule 16b-3 | 10/18/2024 |
5 | Owens Corning Q3 Earnings on the Horizon Analysts Insights on Key Performance Measures | 11/01/2024 |
| Owens Corning dividend paid on 4th of November 2024 | 11/04/2024 |
6 | Owens Corning Delivers Net Sales of 3.0 Billion Generates Net Earnings of 321 Million and Adjusted EBIT of 582 Million | 11/06/2024 |
7 | Owens-Corning Inc Q3 2024 Earnings Call Highlights Strong Margins Amid Market Challenges | 11/07/2024 |
8 | Owens Corning Third Quarter 2024 Earnings EPS Misses Expectations | 11/08/2024 |
9 | Owens Cornings SWOT analysis stocks resilience amid market shifts | 11/12/2024 |
10 | Investors Heavily Search Owens Corning Inc Here is What You Need to Know | 11/13/2024 |
11 | Owens Cornings Soft Earnings Dont Show The Whole Picture | 11/14/2024 |
12 | Disposition of 2593 shares by Mendez-andino Jose of Owens Corning at 193.48 subject to Rule 16b-3 | 11/19/2024 |
13 | Why Owens Corning is a Top Momentum Stock for the Long-Term | 11/21/2024 |
About Owens Corning Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Owens or other stocks. Alpha measures the amount that position in Owens Corning has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0115 | 0.0165 | 0.0141 | 0.0096 | Price To Sales Ratio | 1.1 | 0.84 | 1.38 | 1.45 |
Owens Corning Upcoming Company Events
As portrayed in its financial statements, the presentation of Owens Corning's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Owens Corning's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Owens Corning's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Owens Corning. Please utilize our Beneish M Score to check the likelihood of Owens Corning's management manipulating its earnings.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Owens Corning
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Align your risk with return expectations
Check out Owens Corning Backtesting, Owens Corning Valuation, Owens Corning Correlation, Owens Corning Hype Analysis, Owens Corning Volatility, Owens Corning History and analyze Owens Corning Performance. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Owens Corning 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, stock market cycles, or different charting patterns.