Owens Corning Stock Buy Hold or Sell Recommendation

OC Stock  USD 167.21  3.06  1.86%   
Allowing for the 90-day total investment horizon and your above-average risk tolerance, our recommendation regarding Owens Corning is 'Strong Hold'. Macroaxis provides Owens Corning buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding OC positions. The advice algorithm takes into account all of Owens Corning's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Owens Corning's buy or sell advice are summarized below:
Real Value
156.69
Target Price
159.54
Hype Value
166.18
Market Value
167.21
Naive Value
163.59
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Owens Corning given historical horizon and risk tolerance towards Owens Corning. When Macroaxis issues a 'buy' or 'sell' recommendation for Owens Corning, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Owens Corning Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.
In addition, we conduct extensive research on individual companies such as Owens and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Owens Corning. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

Execute Owens Corning Buy or Sell Advice

The Owens recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Owens Corning. Macroaxis does not own or have any residual interests in Owens Corning or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Owens Corning's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Owens CorningBuy Owens Corning
Strong Hold

Market Performance

OKDetails

Volatility

Very steadyDetails

Hype Condition

Over hypedDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

Very LowDetails

Economic Sensitivity

Responds to the marketDetails

Investor Sentiment

ImpartialDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

StrongDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Owens Corning has a Risk Adjusted Performance of 0.0747, Jensen Alpha of 0.0399, Total Risk Alpha of (0.19), Sortino Ratio of 0.0408 and Treynor Ratio of 0.1547
Macroaxis provides advice on Owens Corning to complement and cross-verify current analyst consensus on Owens Corning. Our recommendation engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Owens Corning is not overpriced, please check all Owens Corning fundamentals, including its shares owned by institutions, net income, short ratio, as well as the relationship between the price to sales and debt to equity . Given that Owens Corning has a price to book of 2.76 X, we recommend you to check out Owens Corning market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

Owens Corning Trading Alerts and Improvement Suggestions

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
Latest headline from finance.yahoo.com: Glass Fiber in Global Automotive Composites Poised for Growth with Increasing Demand for Lightweight Vehicles

Owens Corning Returns Distribution Density

The distribution of Owens Corning's historical returns is an attempt to chart the uncertainty of Owens Corning's future price movements. The chart of the probability distribution of Owens Corning daily returns describes the distribution of returns around its average expected value. We use Owens Corning price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Owens Corning returns is essential to provide solid investment advice for Owens Corning.
Mean Return
0.21
Value At Risk
-2.72
Potential Upside
2.74
Standard Deviation
1.74
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Owens Corning historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Owens Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Owens Corning is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Owens Corning backward and forwards among themselves. Owens Corning's institutional investor refers to the entity that pools money to purchase Owens Corning's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Allianz Asset Management Ag2023-12-31
1.1 M
Citadel Advisors Llc2023-09-30
1.1 M
Bank Of New York Mellon Corp2023-12-31
M
Ameriprise Financial Inc2023-12-31
966.6 K
Amundi2023-12-31
937.3 K
Northern Trust Corp2023-12-31
925.2 K
Bank Of America Corp2023-12-31
882.9 K
Deutsche Bank Ag2023-12-31
877 K
Pacer Advisors, Inc.2023-12-31
832.6 K
Blackrock Inc2023-12-31
11 M
Vanguard Group Inc2023-12-31
9.1 M
Note, although Owens Corning's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Owens Corning Cash Flow Accounts

201920202021202220232024 (projected)
Change To Inventory35M189M(227M)(287M)148M155.4M
Change In Cash94M545M242M141M516M541.8M
Free Cash Flow590M828M1.1B1.3B1.2B1.3B
Depreciation457M493M502M531M609M639.5M
Other Non Cash Items(15M)806M(70M)(81M)(127M)(120.7M)
Capital Expenditures447M307M416M446M526M330.9M
Net Income405M(385M)995M1.2B1.2B1.3B
End Period Cash Flow179M724M966M1.1B1.6B1.7B
Dividends Paid95M104M108M136M(188M)(178.6M)
Net Borrowings(35M)278M(189M)(5M)(5.8M)(5.5M)
Change To Netincome161M1.1B112M92M105.8M136.0M
Change Receivables19M(109M)(28M)(14M)(16.1M)(16.9M)
Investments31M50M(4M)44M(269M)(282.5M)

Owens Corning Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Owens Corning or Building Products sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Owens Corning's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Owens stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.04
β
Beta against NYSE Composite1.31
σ
Overall volatility
1.81
Ir
Information ratio 0.05

Owens Corning Volatility Alert

Owens Corning has relatively low volatility with skewness of -1.17 and kurtosis of 3.8. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Owens Corning's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Owens Corning's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Owens Corning Fundamentals Vs Peers

Comparing Owens Corning's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Owens Corning's direct or indirect competition across all of the common fundamentals between Owens Corning and the related equities. This way, we can detect undervalued stocks with similar characteristics as Owens Corning or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Owens Corning's fundamental indicators could also be used in its relative valuation, which is a method of valuing Owens Corning by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Owens Corning to competition
FundamentalsOwens CorningPeer Average
Return On Equity0.24-0.31
Return On Asset0.0937-0.14
Profit Margin0.12 %(1.27) %
Operating Margin0.19 %(5.51) %
Current Valuation15.94 B16.62 B
Shares Outstanding86.99 M571.82 M
Shares Owned By Insiders0.91 %10.09 %
Shares Owned By Institutions97.26 %39.21 %
Number Of Shares Shorted1.63 M4.71 M
Price To Earning13.22 X28.72 X
Price To Book2.76 X9.51 X
Price To Sales1.48 X11.42 X
Revenue9.68 B9.43 B
Gross Profit2.66 B27.38 B
EBITDA2.09 B3.9 B
Net Income1.19 B570.98 M
Cash And Equivalents1.1 B2.7 B
Cash Per Share7.80 X5.01 X
Total Debt3.27 B5.32 B
Debt To Equity0.68 %48.70 %
Current Ratio1.77 X2.16 X
Book Value Per Share59.24 X1.93 K
Cash Flow From Operations1.72 B971.22 M
Short Ratio1.92 X4.00 X
Earnings Per Share13.13 X3.12 X
Price To Earnings To Growth0.82 X4.89 X
Target Price166.08
Number Of Employees18 K18.84 K
Beta1.46-0.15
Market Capitalization14.37 B19.03 B
Total Asset11.24 B29.47 B
Retained Earnings4.79 B9.33 B
Working Capital1.59 B1.48 B
Note: Acquisition by Marcio Sandri of 8350 shares of Owens Corning subject to Rule 16b-3 [view details]

Owens Corning Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Owens . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Owens Corning Buy or Sell Advice

When is the right time to buy or sell Owens Corning? Buying financial instruments such as Owens Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total3.1B3.2B3.3B1.9B
Total Assets10.0B10.8B11.2B7.1B

Use Investing Ideas to Build Portfolios

In addition to having Owens Corning in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Cryptocurrency
Cryptocurrency Theme
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When determining whether Owens Corning offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Owens Corning's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Owens Corning Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Owens Corning Stock:
Check out Owens Corning Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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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.