Otis Worldwide (Brazil) Market Value
| O1TI34 Stock | BRL 57.68 0.00 0.00% |
| 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.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Otis Worldwide on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Otis Worldwide or generate 0.0% return on investment in Otis Worldwide over 540 days. Otis Worldwide is related to or competes with Mliuz SA, Neogrid Participaes, Pet Center, and Locaweb Servios. 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.0451 | |||
| Maximum Drawdown | 7.92 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 1.33 |
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 | 0.1367 | |||
| Jensen Alpha | 0.1445 | |||
| Total Risk Alpha | 0.0142 | |||
| Sortino Ratio | 0.0284 | |||
| Treynor Ratio | 1.3 |
Otis Worldwide Backtested Returns
At this point, Otis Worldwide is very steady. Otis Worldwide maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Otis Worldwide, which you can use to evaluate the volatility of the company. Please check Otis Worldwide's Coefficient Of Variation of 568.75, semi deviation of 0.245, and Risk Adjusted Performance of 0.1367 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Otis Worldwide has a performance score of 14 on a scale of 0 to 100. The company holds a Beta of 0.12, 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 right now holds a risk of 1.01%. Please check Otis Worldwide variance, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Otis Worldwide will be following its historical price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Otis Worldwide has poor reverse predictability. Overlapping area represents the amount of predictability between Otis Worldwide time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. 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 price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Otis Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 3.67 |
Otis Worldwide 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.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Otis Stock
Otis Worldwide financial ratios help investors to determine whether Otis Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Otis with respect to the benefits of owning Otis Worldwide security.