Otis Worldwide (Germany) Market Value
| 4PG Stock | EUR 93.04 2.04 2.15% |
| Symbol | Otis |
Otis Worldwide 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Otis Worldwide's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Otis Worldwide.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Otis Worldwide on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Otis Worldwide Corp or generate 0.0% return on investment in Otis Worldwide over 30 days. Otis Worldwide is related to or competes with PATTIES FOODS, CN MODERN, Ebro Foods, QINGCI GAMES, SLIGRO FOOD, and Nomad Foods. Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, an... More
Otis Worldwide Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Otis Worldwide's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Otis Worldwide Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.44 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 1.78 |
Otis Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Otis Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Otis Worldwide's standard deviation. In reality, there are many statistical measures that can use Otis Worldwide historical prices to predict the future Otis Worldwide's volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.0005) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.03) |
Otis Worldwide Corp Backtested Returns
Otis Worldwide Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0494, which implies the firm had a -0.0494 % return per unit of risk over the last 3 months. Otis Worldwide Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Otis Worldwide's Coefficient Of Variation of 1258539.82, risk adjusted performance of 0.0032, and Semi Deviation of 1.0 to confirm the risk estimate we provide. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Otis Worldwide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Otis Worldwide is expected to be smaller as well. At this point, Otis Worldwide Corp has a negative expected return of -0.0532%. Please make sure to check Otis Worldwide's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Otis Worldwide Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Otis Worldwide Corp has virtually no predictability. Overlapping area represents the amount of predictability between Otis Worldwide time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Otis Worldwide Corp price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Otis Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
Otis Worldwide Corp lagged returns against current returns
Autocorrelation, which is Otis Worldwide stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Otis Worldwide's stock expected returns. We can calculate the autocorrelation of Otis Worldwide returns to help us make a trade decision. For example, suppose you find that Otis Worldwide has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Otis Worldwide regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Otis Worldwide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Otis Worldwide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Otis Worldwide stock over time.
Current vs Lagged Prices |
| Timeline |
Otis Worldwide Lagged Returns
When evaluating Otis Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Otis Worldwide stock have on its future price. Otis Worldwide autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Otis Worldwide autocorrelation shows the relationship between Otis Worldwide stock current value and its past values and can show if there is a momentum factor associated with investing in Otis Worldwide Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Otis Stock
When determining whether Otis Worldwide Corp is a strong investment it is important to analyze Otis Worldwide's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Otis Worldwide's future performance. For an informed investment choice regarding Otis Stock, refer to the following important reports:Check out Otis Worldwide Correlation, Otis Worldwide Volatility and Otis Worldwide Alpha and Beta module to complement your research on Otis Worldwide. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Otis Worldwide 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.