Owens Stock Buy Hold or Sell Recommendation

OC
 Stock
  

USD 76.99  1.39  1.84%   

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.
  
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The advice is provided from Owens Corning's buy-and-hold perspective. Please check 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. We conduct extensive research on individual companies such as Owens and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Owens Corning.

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

Volatility

Very steadyDetails

Hype Condition

Under hypedDetails

Current Valuation

UndervaluedDetails

Odds of Distress

Below AverageDetails

Economic Sensitivity

Responds to the marketDetails

Analyst Consensus

HoldDetails

Financial Strenth (F Score)

PoorDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Owens Corning has a Risk Adjusted Performance of (0.16), Jensen Alpha of (0.13), Total Risk Alpha of (0.041326) and Treynor Ratio of (0.26)
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. To make sure Owens Corning is not overpriced, please check all Owens Corning fundamentals, including its net income, short ratio, and the relationship between the price to sales and debt to equity . Given that Owens Corning has a price to earning of 7.94 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 generated a negative expected return over the last 90 days
Owens Corning has a poor financial position based on the latest SEC disclosures
Latest headline from www.thederrick.com: Roofing Contractor Couto Construction Wins Owens Corning Award for Philanthropy - Oil City Derrick

Owens Corning current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Owens analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Owens analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price114.13
Target Median Price108.00
Target High Price159.00
Recommendation Mean2.50
Number Of Analyst Opinions16
Target Low Price85.00
Average Consensus Hold
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Owens Corning Returns Distribution Density

The distribution of Owens Corning's historical returns is an attempt to chart the future uncertainty of Owens Corning's future price movements. The chart of the probability distribution of Owens Corning stock 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 stock.
Mean Return-0.32Value At Risk-4.88
Potential Upside3.47Standard Deviation2.68
 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 originate 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.
Security TypeSharesValue
Blackrock IncCommon Shares11.7 M1.1 B
Vanguard Group IncCommon Shares9.7 M890.7 M
State Street CorpCommon Shares4.5 M408.8 M
Nordea Investment Management AbCommon Shares3.8 M359 M
Victory Capital Management IncCommon Shares3.1 M284.3 M
Alliancebernstein LpCommon Shares2.8 M255.5 M
Fmr LlcCommon Shares2.5 M231.3 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

201720182019202020212022 (projected)
Capital Expenditure(373 M)(337 M)(537 M)(447 M)(402.3 M)(434.06 M)
Depreciation Amortization and Accretion343 M371 M433 M457 M525.55 M480.8 M
Net Cash Flow or Change in Cash and Cash Equivalents22 M135 M(168 M)94 M108.1 M116.63 M
Net Cash Flow Business Acquisitions and Disposals(452 M)(567 M)(1.12 B)22 M19.8 M21.36 M
Issuance Purchase of Equity Shares(247 M)(159 M)(236 M)(61 M)(54.9 M)(59.23 M)
Issuance Repayment of Debt Securities226 M238 M980 M(411 M)(472.65 M)(485.09 M)
Payment of Dividends and Other Cash Distributions(81 M)(89 M)(92 M)(95 M)(85.5 M)(92.25 M)
Net Cash Flow from Financing3 M647 M(573 M)(358 M)(881 M)(904.18 M)
Net Cash Flow from Investing(901 M)(1.59 B)(394 M)(205 M)(377 M)(406.76 M)
Net Cash Flow from Operations1.02 B803 M1.04 B1.14 B1.5 B1.62 B
Share Based Compensation41 M44 M47 M39 M44.85 M42.48 M

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 Industrials 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 stock'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 DOW
-0.13
β
Beta against DOW1.27
σ
Overall volatility
2.72
Ir
Information ratio -0.07

Owens Corning Volatility Alert

Owens Corning exhibits very low volatility with skewness of -0.82 and kurtosis of 0.99. However, we advise investors to further study Owens Corning technical indicators to make sure all market info is available and is reliable. 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 bullying 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 stocks as prices fall.

Owens Corning Implied Volatility

Owens Corning's implied volatility exposes the market's sentiment of Owens Corning stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Owens Corning's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Owens Corning stock will not fluctuate a lot when Owens Corning's options are near their expiration.

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 Equity26.21 %(0.31) %
Return On Asset9.61 %(0.14) %
Profit Margin12.20 %(1.27) %
Operating Margin22.68 %(5.51) %
Current Valuation11.25 B16.62 B
Shares Outstanding100.49 M571.82 M
Shares Owned by Insiders0.58 %10.09 %
Shares Owned by Institutions107.11 %39.21 %
Number of Shares Shorted2.67 M4.71 M
Price to Earning7.94 X28.72 X
Price to Book1.81 X9.51 X
Price to Sales0.84 X11.42 X
Revenue8.93 B9.43 B
Gross Profit2.23 B27.38 B
EBITDA2.02 B3.9 B
Net Income1.09 B570.98 M
Cash and Equivalents769 M2.7 B
Cash per Share7.92 X5.01 X
Total Debt3.17 B5.32 B
Debt to Equity0.72 %48.70 %
Current Ratio1.72 X2.16 X
Book Value Per Share41.44 X1.93 K
Cash Flow from Operations1.46 B971.22 M
Short Ratio2.63 X4.00 X
Earnings Per Share9.44 X3.12 X
Price to Earnings To Growth0.56 X4.89 X
Number of Employees20 K18.84 K
Beta1.47-0.15
Market Capitalization7.53 B19.03 B
Total Asset7.34 B29.47 B
Retained Earnings2.5 B9.33 B
Working Capital427 M1.48 B
Current Asset1.51 B9.34 B
   Acquisition by Adrienne Elsner of 572 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.
Accumulation Distribution48796.55
Daily Balance Of Power0.7765
Rate Of Daily Change1.02
Day Median Price76.27
Day Typical Price76.51
Market Facilitation Index0.0
Price Action Indicator1.42

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 stock 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. Although Owens Corning investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Receivables770 M919 M939 M800.46 M
Inventories1.03 B855 M1.08 B920.39 M

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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Services
Services Theme
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 constituents.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Services Theme or any other thematic opportunities.
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Please check 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. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Owens Stock analysis

When running Owens Corning 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 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 YOY
0.53
Market Capitalization
7.3 B
Quarterly Revenue Growth YOY
0.23
Return On Assets
0.0961
Return On Equity
0.26
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 Owens Corning value 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.