Otis Worldwide (Brazil) Price on October 14, 2024
| O1TI34 Stock | BRL 61.27 3.59 6.22% |
If you're considering investing in Otis Stock, it is important to understand the factors that can impact its price. As of today, the current price of Otis Worldwide stands at 61.27, as last reported on the 29th of November, with the highest price reaching 61.27 and the lowest price hitting 61.27 during the day. Otis Worldwide appears to be very steady, given 3 months investment horizon. Otis Worldwide maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Otis Worldwide, which you can use to evaluate the volatility of the company. Please evaluate Otis Worldwide's Risk Adjusted Performance of 0.1367, coefficient of variation of 568.75, and Semi Deviation of 0.245 to confirm if our risk estimates are consistent with your expectations.
Otis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Otis |
Sharpe Ratio = 0.2219
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Estimated Market Risk
| 1.26 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Otis Worldwide is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Otis Worldwide by adding it to a well-diversified portfolio.
Otis Worldwide Valuation on October 14, 2024
It is possible to determine the worth of Otis Worldwide on a given historical date. On October 14, 2024 Otis was worth 59.6 at the beginning of the trading date compared to the closed value of 58.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Otis Worldwide stock. Still, in general, we apply an absolute valuation method to find Otis Worldwide's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Otis Worldwide where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Otis Worldwide's related companies.
| Open | High | Low | Close | Volume | |
| 56.76 | 56.76 | 56.76 | 56.76 | 1.00 | |
10/14/2024 | 59.60 | 59.60 | 58.70 | 58.70 | 10.00 |
| 59.48 | 59.48 | 59.48 | 59.48 | 1.00 |
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Otis Worldwide Trading Date Momentum on October 14, 2024
| On October 15 2024 Otis Worldwide was traded for 59.48 at the closing time. The highest price during the trading period was 59.48 and the lowest recorded bid was listed for 59.48 . There was no trading activity during the period 1.0. Lack of trading volume on October 15, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 1.33% . The trading delta at closing time to the current price is 1.50% . |
Otis Worldwide Fundamentals Correlations and Trends
By evaluating Otis Worldwide's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Otis Worldwide's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Otis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Otis Worldwide Stock history
Otis Worldwide investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Otis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Otis Worldwide will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Otis Worldwide stock prices may prove useful in developing a viable investing in Otis Worldwide
Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company was founded in 1853 and is headquartered in Farmington, Connecticut. OTIS WORLDWIDRN operates under Specialty Industrial Machinery classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 69000 people.
Otis Worldwide Stock Technical Analysis
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.
Price Boundaries
Otis Worldwide Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Otis Worldwide cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Otis Worldwide November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Otis Worldwide stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Otis Worldwide shares will generate the highest return on investment. By undertsting and applying Otis Worldwide stock market strength indicators, traders can identify Otis Worldwide entry and exit signals to maximize returns
Otis Worldwide Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Otis Worldwide's price direction in advance. Along with the technical and fundamental analysis of Otis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Otis to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1367 | |||
| Jensen Alpha | 0.1445 | |||
| Total Risk Alpha | 0.0142 | |||
| Sortino Ratio | 0.0284 | |||
| Treynor Ratio | 1.3 |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Otis Stock analysis
When running Otis Worldwide's price analysis, check to measure Otis Worldwide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Otis Worldwide is operating at the current time. Most of Otis Worldwide's value examination focuses on studying past and present price action to predict the probability of Otis Worldwide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Otis Worldwide's price. Additionally, you may evaluate how the addition of Otis Worldwide to your portfolios can decrease your overall portfolio volatility.
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