Owens Corning Inc (OC)
Owens Corning Inc. is a global leader in building and construction materials, specializing in fiberglass, roofing, and insulation solutions. Headquartered in Toledo, Ohio, the company operates across North America, Europe, and Asia Pacific, serving a diverse array of markets. With a strong commitment to sustainability and innovation, Owens Corning is well-positioned to capitalize on the growing demand for energy-efficient building products and advanced materials, making it an attractive prospect for institutional investors seeking growth in the construction sector.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 21.16% per annum.
- OC price at the close of November 28, 2025 was $113.24 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 82.26% per annum.
- OC price at the close of November 28, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of OC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 29, 2024
End date: November 28, 2025
a = 6.0389
b = -0.0007
s = 0.0972
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -21.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0972) – 1
= 47.50%
April 29, 2024 calculations
Top border of price channel:
Exp(Y856)
= Exp(a + b × X856 + 2 × s)
= Exp(a + b × 1,245 + 2 × s)
= Exp(6.0389 + -0.0007 × 1,245 + 2 × 0.0972)
= Exp(5.4221)
= $226.35
Bottom border of price channel:
Exp(Y856)
= Exp(a + b × X856 – 2 × s)
= Exp(a + b × 1,245 – 2 × s)
= Exp(6.0389 + -0.0007 × 1,245 – 2 × 0.0972)
= Exp(5.0334)
= $153.46
November 28, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(6.0389 + -0.0007 × 1,823 + 2 × 0.0972)
= Exp(5.0455)
= $155.32
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(6.0389 + -0.0007 × 1,823 – 2 × 0.0972)
= Exp(4.6568)
= $105.30
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 21.16% per annum.
- OC price at the close of November 28, 2025 was $113.24 and was inside the primary price channel.
Secondary Trend
Start date: August 22, 2025
End date: November 28, 2025
a = 13.2705
b = -0.0047
s = 0.0502
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0047) – 1
= -82.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0502) – 1
= 22.25%
August 22, 2025 calculations
Top border of price channel:
Exp(Y1,186)
= Exp(a + b × X1,186 + 2 × s)
= Exp(a + b × 1,725 + 2 × s)
= Exp(13.2705 + -0.0047 × 1,725 + 2 × 0.0502)
= Exp(5.1976)
= $180.83
Bottom border of price channel:
Exp(Y1,186)
= Exp(a + b × X1,186 – 2 × s)
= Exp(a + b × 1,725 – 2 × s)
= Exp(13.2705 + -0.0047 × 1,725 – 2 × 0.0502)
= Exp(4.9967)
= $147.92
November 28, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(13.2705 + -0.0047 × 1,823 + 2 × 0.0502)
= Exp(4.7332)
= $113.66
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(13.2705 + -0.0047 × 1,823 – 2 × 0.0502)
= Exp(4.5323)
= $92.97
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 82.26% per annum.
- OC price at the close of November 28, 2025 was inside the secondary price channel.