Owens Corning Stock Market Value

OC Stock  USD 143.97  6.14  4.45%   
Owens Corning's market value is the price at which a share of Owens Corning trades on a public exchange. It measures the collective expectations of Owens Corning investors about its performance. Owens Corning is trading at 143.97 as of the 15th of March 2025, a 4.45 percent increase since the beginning of the trading day. The stock's open price was 137.83.
With this module, you can estimate the performance of a buy and hold strategy of Owens Corning and determine expected loss or profit from investing in Owens Corning over a given investment horizon. Check out Owens Corning Correlation, Owens Corning Volatility and Owens Corning Alpha and Beta module to complement your research on Owens Corning.
For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.
Symbol

Owens Corning Price To Book Ratio

Is Building Products space 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
(0.02)
Dividend Share
2.49
Earnings Share
7.37
Revenue Per Share
126.295
Quarterly Revenue Growth
0.233
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.

Owens Corning 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Owens Corning's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Owens Corning.
0.00
12/15/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/15/2025
0.00
If you would invest  0.00  in Owens Corning on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Owens Corning or generate 0.0% return on investment in Owens Corning over 90 days. Owens Corning is related to or competes with Trane Technologies, Masco, Quanex Building, Jeld Wen, Azek, Trex, and Johnson Controls. Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Can... More

Owens Corning Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Owens Corning's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Owens Corning upside and downside potential and time the market with a certain degree of confidence.

Owens Corning Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Owens Corning's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Owens Corning's standard deviation. In reality, there are many statistical measures that can use Owens Corning historical prices to predict the future Owens Corning's volatility.
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.
Hype
Prediction
LowEstimatedHigh
139.44141.31158.37
Details
Intrinsic
Valuation
LowRealHigh
129.57157.95159.82
Details
17 Analysts
Consensus
LowTargetHigh
191.82210.79233.98
Details
Earnings
Estimates (0)
LowProjected EPSHigh
2.742.913.17
Details

Owens Corning Backtested Returns

Owens Corning maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2 % return per unit of risk over the last 3 months. Owens Corning exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Owens Corning's Variance of 3.4, risk adjusted performance of (0.24), and Coefficient Of Variation of (345.72) to confirm the risk estimate we provide. The company holds a Beta of 1.34, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Owens Corning will likely underperform. At this point, Owens Corning has a negative expected return of -0.39%. Please make sure to check Owens Corning's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Owens Corning performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.73  

Almost perfect reverse predictability

Owens Corning has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Owens Corning time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Owens Corning price movement. The serial correlation of -0.73 indicates that around 73.0% of current Owens Corning price fluctuation can be explain by its past prices.
Correlation Coefficient-0.73
Spearman Rank Test-0.58
Residual Average0.0
Price Variance253.71

Owens Corning lagged returns against current returns

Autocorrelation, which is Owens Corning stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Owens Corning's stock expected returns. We can calculate the autocorrelation of Owens Corning returns to help us make a trade decision. For example, suppose you find that Owens Corning has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Owens Corning regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Owens Corning stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Owens Corning stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Owens Corning stock over time.
   Current vs Lagged Prices   
       Timeline  

Owens Corning Lagged Returns

When evaluating Owens Corning's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Owens Corning stock have on its future price. Owens Corning autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Owens Corning autocorrelation shows the relationship between Owens Corning stock current value and its past values and can show if there is a momentum factor associated with investing in Owens Corning.
   Regressed Prices   
       Timeline  

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Check out Owens Corning Correlation, Owens Corning Volatility and Owens Corning Alpha and Beta module to complement your research on Owens Corning.
For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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...