Otis Worldwide Corp Stock Market Value
| OTIS Stock | USD 102.52 0.55 0.54% |
| Symbol | Otis |
Otis Worldwide Corp Price To Book Ratio
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Otis Worldwide. If investors know Otis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Otis Worldwide listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.473 | Dividend Share 1.46 | Earnings Share 4.02 | Revenue Per Share 35.166 | Quarterly Revenue Growth 0.007 |
The market value of Otis Worldwide Corp is measured differently than its book value, which is the value of Otis that is recorded on the company's balance sheet. Investors also form their own opinion of Otis Worldwide's value that differs from its market value or its book value, called intrinsic value, which is Otis Worldwide's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Otis Worldwide's market value can be influenced by many factors that don't directly affect Otis Worldwide's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Otis Worldwide's value and its price as these two are different measures arrived at by different means. Investors typically determine if Otis Worldwide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Otis Worldwide's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Otis Worldwide on October 29, 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 30 days. Otis Worldwide is related to or competes with Parker Hannifin, Eaton PLC, Dover, Illinois Tool, Emerson Electric, Ingersoll Rand, and Graco. 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 | 1.3 | |||
| Information Ratio | 0.0274 | |||
| Maximum Drawdown | 6.9 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 1.74 |
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 | 0.1032 | |||
| Jensen Alpha | 0.0759 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0258 | |||
| Treynor Ratio | 0.2353 |
Otis Worldwide Corp Backtested Returns
Currently, Otis Worldwide Corp is very steady. Otis Worldwide Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine 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 0.1032, semi deviation of 1.14, and Coefficient Of Variation of 770.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Otis Worldwide has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of 0.63, 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. Otis Worldwide Corp right now holds a risk of 1.24%. Please check Otis Worldwide Corp treynor ratio, as well as the relationship between the expected short fall and day median price , to decide if Otis Worldwide Corp will be following its historical price patterns.
Auto-correlation | 0.44 |
Average predictability
Otis Worldwide Corp has average predictability. Overlapping area represents the amount of predictability between Otis Worldwide time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Corp price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Otis Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
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 |
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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 |
Thematic Opportunities
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Additional 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.