Otis Worldwide (Germany) Probability of Future Stock Price Finishing Under 79.73
| 4PG Stock | EUR 94.48 0.42 0.44% |
Otis |
Otis Worldwide Target Price Odds to finish below 79.73
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 Price | Horizon | Target Price | Odds to drop to € 79.73 or more in 90 days |
| 94.48 | 90 days | 79.73 | near 1 |
Based on a normal probability distribution, the odds of Otis Worldwide to drop to € 79.73 or more in 90 days from now is near 1 (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 € 79.73 and its current price of €94.48 at the end of the 90-day period is about 69.47 .
Assuming the 90 days horizon Otis Worldwide has a beta of 0.49. 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 0.1414, 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 |
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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.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 Jones | 0.49 | |
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 Outstanding | 414.8 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: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. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.