Owens Corning Stock Forecast - Accumulation Distribution
| OC Stock | USD 160.52 2.38 1.46% |
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. Although Owens Corning's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Owens Corning's systematic risk associated with finding meaningful patterns of Owens Corning fundamentals over time.
Check out Historical Fundamental Analysis of Owens Corning to cross-verify your projections. Owens |
Open Interest Against 2024-04-19 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.
Most investors in Owens Corning cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Owens Corning's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Owens Corning's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Owens Corning is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Owens Corning to determine if accumulation or reduction is taking place in the market. This value is adjusted by Owens Corning trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 29634.46 | 0.0339 |
| Check Owens Corning Volatility | Backtest Owens Corning | Information Ratio |
Owens Corning Trading Date Momentum
| On April 19 2024 Owens Corning was traded for 160.52 at the closing time. The highest price during the trading period was 165.95 and the lowest recorded bid was listed for 160.32 . There was no trading activity during the period 0.0. Lack of trading volume on April 19, 2024 did not cause price change. The trading delta at closing time to the current price is 2.92% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Owens Corning to competition |
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.Owens Corning Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Owens Corning stock to make a market-neutral strategy. Peer analysis of Owens Corning could also be used in its relative valuation, which is a method of valuing Owens Corning by comparing valuation metrics with similar companies.
| 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.
| Accumulation Distribution | 0.0339 | |||
| Daily Balance Of Power | (0.42) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 163.14 | |||
| Day Typical Price | 162.26 | |||
| Market Facilitation Index | 5.63 | |||
| Price Action Indicator | (3.80) | |||
| Period Momentum Indicator | (2.38) | |||
| Relative Strength Index | 68.66 |
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 | 1.36 | |||
| Semi Deviation | 1.83 | |||
| Standard Deviation | 1.8 | |||
| Variance | 3.25 | |||
| Downside Variance | 3.6 | |||
| Semi Variance | 3.34 | |||
| Expected Short fall | (1.51) |
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.
Owens Corning Investors Sentiment
The influence of Owens Corning's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Owens. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
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.
Owens Corning's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Owens Corning's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Owens Corning's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Owens Corning.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Owens Corning in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Owens Corning's short interest history, or implied volatility extrapolated from Owens Corning options trading.
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Try AI Portfolio ArchitectCheck 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.Note that the Owens Corning information on this page should be used as a complementary analysis to other Owens Corning's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Owens Stock analysis
When running Owens Corning's price analysis, check to measure Owens Corning's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Owens Corning is operating at the current time. Most of Owens Corning's value examination focuses on studying past and present price action to predict the probability of Owens Corning's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owens Corning's price. Additionally, you may evaluate how the addition of Owens Corning to your portfolios can decrease your overall portfolio volatility.
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Is Owens Corning's industry 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 0.114 | Dividend Share 2.16 | Earnings Share 13.13 | Revenue Per Share 107.403 | Quarterly Revenue Growth 0.008 |
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.