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...Owens Corning Gross Profit
Owens Corning Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Owens Corning previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Owens Corning Gross Profit growth over the last 10 years. Please check Owens Corning's
gross profit and other
fundamental indicators for more details.
Is Owens Corning valued correctly by the market?
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 | 4.33 Billion |
| 2014 | 4.28 Billion |
| 2015 | 4.2 Billion |
| 2016 | 4.3 Billion |
| 2017 | 4.82 Billion |
| 2018 | 5.42 Billion |
| 2019 | 5.55 Billion |
| 2020 | 5.53 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.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile 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
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