Otis Worldwide Corp Stock Alpha and Beta Analysis
| OTIS Stock | USD 101.20 1.25 1.25% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Otis Worldwide Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Otis Worldwide over a specified time horizon. Remember, high Otis Worldwide's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Otis Worldwide's market risk premium analysis include:
Beta 0.62 | Alpha 0.0443 | Risk 1.23 | Sharpe Ratio 0.12 | Expected Return 0.14 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Otis |
Otis Worldwide Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Otis Worldwide market risk premium is the additional return an investor will receive from holding Otis Worldwide long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Otis Worldwide. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Otis Worldwide's performance over market.| α | 0.04 | β | 0.62 |
Otis Worldwide expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Otis Worldwide's Buy-and-hold return. Our buy-and-hold chart shows how Otis Worldwide performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Otis Worldwide Market Price Analysis
Market price analysis 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 understating and applying Otis Worldwide stock market price indicators, traders can identify Otis Worldwide position entry and exit signals to maximize returns.
Otis Worldwide Return and Market Media
The median price of Otis Worldwide for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 99.77 with a coefficient of variation of 4.35. The daily time series for the period is distributed with a sample standard deviation of 4.31, arithmetic mean of 98.92, and mean deviation of 3.66. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
| Otis Worldwide dividend paid on 6th of September 2024 | 09/06/2024 |
1 | Susquehanna Fundamental Investments LLC Purchases New Stake in Otis Worldwide Co. - MarketBeat | 09/30/2024 |
2 | Earnings Snapshot Otis Worldwide misses Q3 estimates, 2024 guidance | 10/30/2024 |
3 | Cohen Capital Management Inc. Purchases 310 Shares of Otis Worldwide Co. | 11/04/2024 |
4 | Disposition of 9000 shares by Luersman Abbe of Otis Worldwide at 101.0232 subject to Rule 16b-3 | 11/07/2024 |
5 | Otis Worldwide EVP sells 909,208 in stock | 11/08/2024 |
6 | Otis Worldwides SVP sells shares worth 569,158 | 11/12/2024 |
7 | Acquisition by Michael Ryan of 998 shares of Otis Worldwide subject to Rule 16b-3 | 11/14/2024 |
8 | Victory Capital Management Inc. Acquires 158,010 Shares of Otis Worldwide Co. | 11/15/2024 |
9 | Otis Worldwide issues 600 million in 5.1 percent notes due 2031 | 11/19/2024 |
10 | PNC Financial Services Group Inc. Reduces Holdings in Otis Worldwide Co. - MarketBeat | 11/21/2024 |
About Otis Worldwide Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Otis or other stocks. Alpha measures the amount that position in Otis Worldwide Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Otis Worldwide Upcoming Company Events
As portrayed in its financial statements, the presentation of Otis Worldwide's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Otis Worldwide's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Otis Worldwide's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Otis Worldwide. Please utilize our Beneish M Score to check the likelihood of Otis Worldwide's management manipulating its earnings.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 31st of January 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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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.