Otis Worldwide (Germany) Market Value
| 4PG Stock | EUR 94.00 1.64 1.78% |
| 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.
| 11/20/2024 |
| 02/18/2025 |
If you would invest 0.00 in Otis Worldwide on November 20, 2024 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 90 days. Otis Worldwide is related to or competes with PATTIES FOODS, Performance Food, Cal Maine, CanSino Biologics, PREMIER FOODS, and Thai Beverage. 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 | 0.8945 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.44 | |||
| Value At Risk | (1.59) | |||
| 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 | 0.0052 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.02) |
Otis Worldwide Corp Backtested Returns
At this point, Otis Worldwide is very steady. Otis Worldwide Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0159, which implies the firm had a 0.0159 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Otis Worldwide Corp, which you can use to evaluate the volatility of the company. Please check Otis Worldwide's Risk Adjusted Performance of 0.0052, semi deviation of 0.8804, and Coefficient Of Variation of 29559.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.0165%. Otis Worldwide has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.3, which implies not very significant fluctuations relative to the market. 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. Otis Worldwide Corp right now holds a risk of 1.03%. Please check Otis Worldwide Corp downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Otis Worldwide Corp will be following its historical price patterns.
Auto-correlation | -0.61 |
Very good reverse predictability
Otis Worldwide Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Otis Worldwide time series from 20th of November 2024 to 4th of January 2025 and 4th of January 2025 to 18th 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 -0.61 indicates that roughly 61.0% of current Otis Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.