Owens Story

<div class='circular--portrait' style='background:#4E8BFC;color: #ffffff;font-size:4em;'>OC</div>
OC -- USA Stock  

USD 66.93  0.34  0.51%

While some planning is required to successfully invest in stocks, sometimes taking bold action is just as important. Let's try to go over why this may be the case with Owens Corning. We will look into a few reasons why it is still possible for the company to generate above-average margins and positive cash flow. As of July 29, 2020, the company is listed at 62.66. Owens Corning has historical hype elasticity of -0.98. The average price elasticity to hype of competition is about -0.19. The entity is estimated to decline in value after the next press release, with the price expected to drop to 60.27. The average volatility of headline impact on Owens Corning stock price is way over 100%. The price decline on the next news is expected to be -1.6%, whereas the daily expected return is now at 0.61 percent. Allowing for the 30-days total investment horizon, the next estimated announcement will be in about 8 days.
Published over a month ago
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Is Owens Corning (NYSE:OC) gaining more confidence from investors?
Owens Corning's average rating is Hold from 18 analysts. Macroaxis provides unbiased recommendation on Owens Corning that should be used to complement current analysts and expert consensus on Owens Corning. Our trade recommendations engine determines the firm's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon.
The successful prediction of Owens Corning stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Owens Corning, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Owens Corning based on Owens Corning hews, social hype, general headline patterns, and widely used predictive technical indicators. We also calculate exposure to Owens Corning's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Owens Corning's related companies.

Use Technical Analysis to project Owens expected Price

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.
A focus of Owens Corning technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Owens Corning trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Owens Corning, but it might be worth checking our own buy vs. sell analysis

Owens Corning exotic insider transaction detected

Legal trades by Owens Corning insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Owens insider trading alert for general transaction of no securities are beneficially owned by Alfred Festa, the corporate stakeholder, on 21st of September 2020. This event was filed by Owens Corning with SEC on 2020-09-21. Initial filing of beneficial ownership - SEC Form 3 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Another Deeper Perspective

The current price build-up of Owens Corning may encourage investors to take a closer look at the company as it closed today at a share price of 60.6 on 1,886,800 in trading volume. The company executives may have good odds in positioning the company resources to exploit market volatility in August. The stock standard deviation of daily returns for 30 days investing horizon is currently 3.44. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Owens Corning partners.

Cost of Revenue Breakdown

Owens Corning Cost of Revenue is increasing over the years with slightly volatile fluctuation. Cost of Revenue is expected to dwindle to about 5.5 B. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. Owens Corning Cost of Revenue is projected to increase significantly based on the last few years of reporting. The past year's Cost of Revenue was at 5.55 Billion
2013
2014
2015
2016
2017
2018
2019
2020
20134.33 Billion
20144.28 Billion
20154.2 Billion
20164.3 Billion
20174.82 Billion
20185.42 Billion
20195.55 Billion
20205.53 Billion

Another 3 percent build-up for Owens Corning

Current potential upside is at 5.78. As of the 29th of July, Owens Corning holds the Risk Adjusted Performance of 0.377, coefficient of variation of 447.94, and Semi Deviation of 3.12. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Owens Corning, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for Owens Corning, which can be compared to its competitors. Please check Owens Corning variance, as well as the relationship between the maximum drawdown and semi variance to decide if Owens Corning is priced some-what accurately, providing market reflects its current price of 62.66 per share. Given that Owens Corning has jensen alpha of 0.5165, we recommend you to check out Owens Corning's recent market performance to make sure the company can sustain itself at a future point.

Whereas other companies under the building products & equipment industry are still a bit expensive, Owens Corning may offer a potential longer-term growth to investors. With an optimistic outlook on your 30 days horizon, it may be a good time to buy new shares of Owens or increase your existing holdings in the Stock as it seems the potential growth has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Owens Corning.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Owens Corning. Please refer to our Terms of Use for any information regarding our disclosure principles.

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