Owens Competitors
| OC Stock | USD 205.62 0.52 0.25% |
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Owens |
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.
Owens Corning Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Owens Corning and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Owens and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Owens Corning does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Owens Stock performing well and Owens Corning Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Owens Corning's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TT | 1.05 | 0.15 | 0.08 | 0.31 | 1.25 | 2.36 | 6.50 | |||
| MAS | 0.88 | (0.03) | (0.08) | 0.07 | 1.14 | 1.64 | 5.78 | |||
| NX | 2.09 | 0.06 | 0.01 | 0.20 | 2.87 | 3.30 | 32.55 | |||
| JELD | 2.47 | (0.49) | 0.00 | (0.20) | 0.00 | 3.93 | 33.73 | |||
| AZEK | 1.34 | 0.24 | 0.14 | 0.38 | 1.32 | 3.48 | 8.77 | |||
| TREX | 1.55 | 0.12 | 0.06 | 0.25 | 1.66 | 3.40 | 9.80 | |||
| JCI | 1.04 | 0.06 | 0.13 | 0.17 | 0.80 | 2.49 | 10.49 | |||
| BLDR | 1.56 | 0.02 | 0.00 | 0.15 | 2.10 | 3.76 | 11.46 | |||
| LII | 1.24 | 0.15 | 0.06 | 0.37 | 1.42 | 2.89 | 7.45 | |||
| FBIN | 1.33 | (0.11) | (0.07) | 0.00 | 1.86 | 2.51 | 9.65 |
Cross Equities Net Income Analysis
Compare Owens Corning and related stocks such as Trane Technologies plc, Masco, and Quanex Building Products Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TT | 79.6 M | 343.2 M | 1 B | 618.8 M | 931.7 M | 664.6 M | 1.5 B | 1.3 B | 1.3 B | 1.4 B | 854.9 M | 1.4 B | 1.8 B | 2 B | 2.1 B |
| MAS | 164.5 M | (575 M) | (114 M) | 272 M | 856 M | 355 M | 491 M | 533 M | 734 M | 684 M | 862 M | 410 M | 844 M | 908 M | 953.4 M |
| NX | 18.9 M | (16.5 M) | (11.7 M) | 29.2 M | 16.1 M | (1.9 M) | 18.7 M | 26.3 M | (46.7 M) | 38.5 M | 57 M | 88.3 M | 82.5 M | 74.3 M | 78 M |
| JELD | (68.4 M) | (68.4 M) | (68.4 M) | (68.4 M) | (84.1 M) | 90.9 M | 357.5 M | 10.8 M | 144.3 M | 62.9 M | 91.6 M | 168.8 M | 45.7 M | 62.4 M | 88.2 M |
| AZEK | (67.4 M) | (67.4 M) | (67.4 M) | (67.4 M) | (67.4 M) | (67.4 M) | (67.4 M) | 6.7 M | (20.2 M) | (122.2 M) | 88.9 M | 67.2 M | 68 M | 153.4 M | 161 M |
| TREX | (1.3 M) | (11.6 M) | 2.7 M | 34.6 M | 41.5 M | 48.1 M | 67.8 M | 95.1 M | 134.6 M | 144.7 M | 175.6 M | 208.7 M | 184.6 M | 205.4 M | 215.7 M |
| JCI | 78.3 M | 1.2 B | 1.2 B | 1.2 B | 1.6 B | (868 M) | 1.6 B | 2.2 B | 1.3 B | 631 M | 1.6 B | 1.5 B | 1.8 B | 1.7 B | 1.8 B |
| BLDR | 1.5 M | (65 M) | (56.9 M) | (42.7 M) | 18.1 M | (22.8 M) | 144.3 M | 38.8 M | 205.2 M | 221.8 M | 313.5 M | 1.7 B | 2.7 B | 1.5 B | 1.6 B |
| LII | 52.5 M | 88.3 M | 90 M | 171.8 M | 205.8 M | 186.6 M | 277.8 M | 305.7 M | 359 M | 408.7 M | 356.3 M | 464 M | 497.1 M | 590.1 M | 619.6 M |
| FBIN | (41.9 M) | (35.6 M) | 118.7 M | 229.7 M | 158.1 M | 315 M | 413.2 M | 472.6 M | 389.6 M | 431.9 M | 553.1 M | 772.4 M | 539.9 M | 404.5 M | 350.4 M |
| CSL | 24.1 M | 180.3 M | 270.2 M | 209.7 M | 251.3 M | 319.7 M | 250.1 M | 365.5 M | 611.1 M | 472.8 M | 320.1 M | 421.7 M | 924 M | 767.4 M | 805.8 M |
| APOG | 8.2 M | 19.1 M | 19.1 M | 28 M | 50.5 M | 85.8 M | 85.8 M | 79.5 M | 45.7 M | 15.4 M | 15.4 M | 3.5 M | 104.1 M | 99.6 M | 104.6 M |
| AWI | 122.4 M | 112.4 M | 131.3 M | 100.5 M | 63.8 M | 94.2 M | 104.7 M | 154.8 M | 185.9 M | 214.5 M | (84.1 M) | 183.2 M | 202.9 M | 223.8 M | 235 M |
| ROCK | 5.2 M | 16.5 M | 12.6 M | (5.6 M) | (81.8 M) | 23.4 M | 33.7 M | 62.6 M | 63.8 M | 65.1 M | 64.6 M | 75.6 M | 82.4 M | 110.5 M | 116.1 M |
| WMS | 43.3 M | 43.3 M | 20.7 M | 11.1 M | 8.6 M | 26.3 M | 33 M | 62 M | 77.8 M | (193.7 M) | 224.2 M | 271.3 M | 507.1 M | 509.9 M | 535.4 M |
Owens Corning and related stocks such as Trane Technologies plc, Masco, and Quanex Building Products Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Owens Corning financial statement analysis. It represents the amount of money remaining after all of Owens Corning operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Owens Corning Competitive Analysis
The better you understand Owens Corning competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Owens Corning's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Owens Corning's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Owens Corning Competition Performance Charts
Five steps to successful analysis of Owens Corning Competition
Owens Corning's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Owens Corning in relation to its competition. Owens Corning's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Owens Corning in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Owens Corning's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Owens Corning, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Owens Corning position
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Check out Owens Corning Correlation with its peers. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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 2.4 | Earnings Share 11.78 | Revenue Per Share 119.235 | Quarterly Revenue Growth 0.229 |
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.