Owens Corning Stock Probability of Future Stock Price Finishing Under 64.98
| OC Stock | USD 164.69 1.79 1.10% |
Closest to current price Owens long CALL Option Payoff at Expiration
Owens |
Owens Corning Target Price Odds to finish below 64.98
The tendency of Owens Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 64.98 or more in 90 days |
| 164.69 | 90 days | 64.98 | near 1 |
Based on a normal probability distribution, the odds of Owens Corning to drop to $ 64.98 or more in 90 days from now is near 1 (This Owens Corning probability density function shows the probability of Owens Stock to fall within a particular range of prices over 90 days) . Probability of Owens Corning price to stay between $ 64.98 and its current price of $164.69 at the end of the 90-day period is about 84.78 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 1.25 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Owens Corning will likely underperform. Additionally Owens Corning has an alpha of 0.0882, implying that it can generate a 0.0882 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Owens Corning Price Density |
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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.
Owens Corning Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Owens Corning is not an exception. The market had few large corrections towards the Owens Corning's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Owens Corning, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Owens Corning within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.09 | |
β | Beta against NYSE Composite | 1.25 | |
σ | Overall volatility | 8.77 | |
Ir | Information ratio | 0.06 |
Owens Corning Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Owens Corning for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Owens Corning can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Owens Corning has a strong financial position based on the latest SEC filings | |
| Over 97.0% of the company shares are owned by institutional investors | |
| On 4th of April 2024 Owens Corning paid $ 0.6 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Zacks Value Investor Highlights JD.com, Owens Corning, Royal Caribbean Cruises, Toyota Motor and Pilgrims Pride |
Owens Corning Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Owens Stock often depends not only on the future outlook of the current and potential Owens Corning's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Owens Corning's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 91 M | |
| Cash And Short Term Investments | 1.6 B |
Owens Corning Technical Analysis
Owens Corning's future price can be derived by breaking down and analyzing its technical indicators over time. Owens Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Owens Corning. In general, you should focus on analyzing Owens Stock price patterns and their correlations with different microeconomic environments and drivers.
Owens Corning Predictive Forecast Models
Owens Corning's time-series forecasting models is one of many Owens Corning's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Owens Corning's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Owens Corning
Checking the ongoing alerts about Owens Corning for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Owens Corning help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Owens Corning has a strong financial position based on the latest SEC filings | |
| Over 97.0% of the company shares are owned by institutional investors | |
| On 4th of April 2024 Owens Corning paid $ 0.6 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Zacks Value Investor Highlights JD.com, Owens Corning, Royal Caribbean Cruises, Toyota Motor and Pilgrims Pride |
Check out Owens Corning Backtesting, Owens Corning Valuation, Owens Corning Correlation, Owens Corning Hype Analysis, Owens Corning Volatility, Owens Corning History as well as 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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.