42.94 -0.28 (-0.65%) Sell

OC investors looking to cut their losses short

13 min read

OWENS CORNING underperformed broader market on Monday. It delivered -0.65% to close at 42.94 which is it's 52 week low, down -55% from it's 52 week high.

[Themes containing OC]

OC is currently in a bearish trend. The current bearish signal has generated a profit of +26.94% for investors in the last three months.


OC has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 11 Jan, 2018 to 24 Oct, 2018. Over the last 2 years 11 months and 10 days, OC underperformed the SP500 index on 49% days. Which indicates that on days OC underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

OC returned losses on 62% days in the last three months. During this time, it delivered on average -0.47% per day. It delivered it's worst daily return of -9.64%, during this period, on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 8 losing days, which started on 20 Sep, 2018 and ended on 1 Oct, 2018. This bearish trend lost -9.1% of investor capital.

The last 12 months saw OC's investors making profits in 3 months and incurring losses in 9 months. OC was less consistent in delivering monthly returs than SP500 index. OC was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -17.12% compared to -7.28% returned by SP500 index in Oct 2018. OC had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Feb 2018 to May 2018) during which period it delivered -33.92%.

You must gain control over your money or the lack of it will forever control you.
-- Dave Ramsey

OC is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in OC's volatility from 19 Sep, 2018 to 30 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that OC has significant positive skewness in it's return distribution. This indicates that investors can expect OC to recover from drawdowns quickly. Which makes OC a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

SP500 index has more chance of extreme outcomes than OC. Therefore, SP500 must receive a lower allocation than OC in your portfolio. SP500 index usually has shorter drawdown period than OC.

On a general note (since you are interested in OC), APRN has performed really well and deserves to be closely tracked for investment opportunities.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{detail.name}} {{detail.trend}} 
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter