Otis Worldwide (Germany) Probability of Future Stock Price Finishing Over 77.38

4PG Stock  EUR 94.48  0.42  0.44%   
Otis Worldwide's future price is the expected price of Otis Worldwide instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Otis Worldwide Corp performance during a given time horizon utilizing its historical volatility. Check out Otis Worldwide Backtesting, Otis Worldwide Valuation, Otis Worldwide Correlation, Otis Worldwide Hype Analysis, Otis Worldwide Volatility, Otis Worldwide History as well as Otis Worldwide Performance.
  
Please specify Otis Worldwide's target price for which you would like Otis Worldwide odds to be computed.

Otis Worldwide Target Price Odds to finish over 77.38

The tendency of Otis Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay above € 77.38  in 90 days
 94.48 90 days 77.38 
close to 99
Based on a normal probability distribution, the odds of Otis Worldwide to stay above € 77.38  in 90 days from now is close to 99 (This Otis Worldwide Corp probability density function shows the probability of Otis Stock to fall within a particular range of prices over 90 days) . Probability of Otis Worldwide Corp price to stay between € 77.38  and its current price of €94.48 at the end of the 90-day period is about 69.55 .
Assuming the 90 days horizon Otis Worldwide has a beta of 0.48. This suggests as returns on the market go up, Otis Worldwide average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Otis Worldwide Corp will be expected to be much smaller as well. Additionally Otis Worldwide Corp has an alpha of 0.1421, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Otis Worldwide Price Density   
       Price  

Predictive Modules for Otis Worldwide

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Otis Worldwide Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
93.3994.4895.57
Details
Intrinsic
Valuation
LowRealHigh
85.03105.58106.67
Details
Naive
Forecast
LowNextHigh
89.9491.0392.12
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
87.1693.2799.38
Details

Otis Worldwide Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Otis Worldwide is not an exception. The market had few large corrections towards the Otis Worldwide's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Otis Worldwide Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Otis Worldwide within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.14
β
Beta against Dow Jones0.48
σ
Overall volatility
4.08
Ir
Information ratio 0.08

Otis Worldwide Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Otis Worldwide for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Otis Worldwide Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Otis Worldwide Corp has accumulated 6.1 B in total debt. Otis Worldwide Corp has a current ratio of 0.95, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Otis Worldwide until it has trouble settling it off, either with new capital or with free cash flow. So, Otis Worldwide's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Otis Worldwide Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Otis to invest in growth at high rates of return. When we think about Otis Worldwide's use of debt, we should always consider it together with cash and equity.
Over 88.0% of the company shares are owned by institutions such as pension funds

Otis Worldwide Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Otis Stock often depends not only on the future outlook of the current and potential Otis Worldwide's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Otis Worldwide's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding414.8 M

Otis Worldwide Technical Analysis

Otis Worldwide's future price can be derived by breaking down and analyzing its technical indicators over time. Otis Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Otis Worldwide Corp. In general, you should focus on analyzing Otis Stock price patterns and their correlations with different microeconomic environments and drivers.

Otis Worldwide Predictive Forecast Models

Otis Worldwide's time-series forecasting models is one of many Otis Worldwide's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Otis Worldwide's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Otis Worldwide Corp

Checking the ongoing alerts about Otis Worldwide for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Otis Worldwide Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Otis Worldwide Corp has accumulated 6.1 B in total debt. Otis Worldwide Corp has a current ratio of 0.95, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Otis Worldwide until it has trouble settling it off, either with new capital or with free cash flow. So, Otis Worldwide's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Otis Worldwide Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Otis to invest in growth at high rates of return. When we think about Otis Worldwide's use of debt, we should always consider it together with cash and equity.
Over 88.0% of the company shares are owned by institutions such as pension funds

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:
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.