Owens Corning Stock Alpha and Beta Analysis
| OC Stock | USD 167.62 3.18 1.93% |
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 1.35 | Alpha 0.0598 | Risk 1.76 | Sharpe Ratio 0.11 | Expected Return 0.2 |
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 | 0.06 | β | 1.35 |
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 Thu, Jan 25, 2024 and Wed, Apr 24, 2024 is 157.0 with a coefficient of variation of 5.59. The daily time series for the period is distributed with a sample standard deviation of 8.76, arithmetic mean of 156.57, and mean deviation of 7.55. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Armstrong World Q4 Earnings Revenues Beat, Stock Up | 02/21/2024 |
2 | Acquisition by John Williams of 1122 shares of Owens Corning subject to Rule 16b-3 | 02/26/2024 |
3 | Glenmede Trust Co. NA Purchases 20,699 Shares of Owens Corning | 03/04/2024 |
4 | Acquisition by Marcio Sandri of 8350 shares of Owens Corning subject to Rule 16b-3 | 03/25/2024 |
5 | Glass Fiber in Global Automotive Composites Poised for Growth with Increasing Demand for Lightweight Vehicles | 03/27/2024 |
6 | Owens Corning to Announce First-Quarter Financial Results on April 24 | 04/03/2024 |
| Owens Corning dividend paid on 4th of April 2024 | 04/04/2024 |
8 | Owens Corning Inc Is a Trending Stock Facts to Know Before Betting on It | 04/08/2024 |
9 | Louisiana-Pacific Enhances LP NovaCore Sheathing Line | 04/11/2024 |
10 | Value Investors Screen with the PEG Ratio | 04/16/2024 |
11 | Federated Hermes Inc. Increases Stake in Owens Corning - MarketBeat | 04/19/2024 |
12 | Owens Corning Q1 2024 Earnings Preview | 04/23/2024 |
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 | 0.00952 | 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
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
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.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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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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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.