Owens Corning Stock Price on August 14, 2024
| OC Stock | USD 195.77 5.10 2.67% |
If you're considering investing in Owens Stock, it is important to understand the factors that can impact its price. As of today, the current price of Owens Corning stands at 195.77, as last reported on the 14th of November 2024, with the highest price reaching 197.58 and the lowest price hitting 192.67 during the day. Owens Corning appears to be very steady, given 3 months investment horizon. Owens Corning maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Owens Corning, which you can use to evaluate the volatility of the company. Please evaluate Owens Corning's Semi Deviation of 1.5, coefficient of variation of 567.75, and Risk Adjusted Performance of 0.1401 to confirm if our risk estimates are consistent with your expectations.
Owens Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Owens |
Sharpe Ratio = 0.1822
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Estimated Market Risk
| 1.91 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Owens Corning is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Owens Corning by adding it to a well-diversified portfolio.
Owens Corning Main Headline on 14th of August 2024
Filed transaction by Owens Corning Director. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Owens Corning Valuation on August 14, 2024
It is possible to determine the worth of Owens Corning on a given historical date. On August 14, 2024 Owens was worth 160.21 at the beginning of the trading date compared to the closed value of 158.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Owens Corning stock. Still, in general, we apply an absolute valuation method to find Owens Corning's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Owens Corning where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Owens Corning's related companies.
| Open | High | Low | Close | Volume | |
| 156.36 | 159.53 | 156.01 | 158.98 | 759,973 | |
08/14/2024 | 160.21 | 160.55 | 156.85 | 158.03 | 993,404 |
| 160.37 | 163.14 | 159.83 | 161.31 | 717,983 |
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Owens Corning Trading Date Momentum on August 14, 2024
| On August 15 2024 Owens Corning was traded for 161.31 at the closing time. The highest price during the trading period was 163.14 and the lowest recorded bid was listed for 159.83 . The volume for the day was 718 K. This history from August 15, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 2.08% . The trading delta at closing time to the current price is 8.81% . |
Owens Corning Fundamentals Correlations and Trends
By evaluating Owens Corning's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Owens Corning's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Owens financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Owens Corning Stock history
Owens Corning investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Owens is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Owens Corning will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Owens Corning stock prices may prove useful in developing a viable investing in Owens Corning
Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio. Owens Corning operates under Building Products Equipment classification in the United States and is traded on New York Stock Exchange. It employs 20000 people.
Owens Corning Stock Technical Analysis
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.
Price Boundaries
Owens Corning Period Price Range
Low | November 14, 2024
| High |
0.00 | 0.00 |
Owens Corning cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Owens Corning November 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Owens Corning stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Owens Corning shares will generate the highest return on investment. By undertsting and applying Owens Corning stock market strength indicators, traders can identify Owens Corning entry and exit signals to maximize returns
Owens Corning Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Owens Corning's price direction in advance. Along with the technical and fundamental analysis of Owens Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Owens to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1401 | |||
| Jensen Alpha | 0.1519 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0991 | |||
| Treynor Ratio | 0.273 |
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| Volume Indicators |
Complementary Tools for Owens Stock analysis
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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