Otis Worldwide Corp (OTIS)
Otis Worldwide Corporation is a leading global provider of vertical transportation solutions, specializing in the design, manufacture, installation, and maintenance of elevators, escalators, and moving walkways. Headquartered in Farmington, Connecticut, the company benefits from a strong legacy of innovation and engineering excellence, with a commitment to enhancing the efficiency, safety, and accessibility of urban mobility. With a robust presence across numerous countries, Otis leverages its advanced technologies and data-driven solutions to meet the evolving needs of its diverse clientele, positioning itself as a key player in the growing smart building and infrastructure markets.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.93% per annum.
- OTIS price at the close of October 21, 2025 was $92.70 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 33.60% per annum.
- OTIS price at the close of October 21, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of OTIS price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 24, 2024
End date: October 21, 2025
a = 5.0225
b = -0.0003
s = 0.0399
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0399) – 1
= 17.31%
September 24, 2024 calculations
Top border of price channel:
Exp(Y985)
= Exp(a + b × X985 + 2 × s)
= Exp(a + b × 1,433 + 2 × s)
= Exp(5.0225 + -0.0003 × 1,433 + 2 × 0.0399)
= Exp(4.6916)
= $109.02
Bottom border of price channel:
Exp(Y985)
= Exp(a + b × X985 – 2 × s)
= Exp(a + b × 1,433 – 2 × s)
= Exp(5.0225 + -0.0003 × 1,433 – 2 × 0.0399)
= Exp(4.5320)
= $92.94
October 21, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.0225 + -0.0003 × 1,825 + 2 × 0.0399)
= Exp(4.5792)
= $97.44
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.0225 + -0.0003 × 1,825 – 2 × 0.0399)
= Exp(4.4196)
= $83.06
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.93% per annum.
- OTIS price at the close of October 21, 2025 was $92.70 and was inside the primary price channel.
Secondary Trend
Start date: July 29, 2025
End date: October 21, 2025
a = 3.0691
b = 0.0008
s = 0.0125
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0125) – 1
= 5.12%
July 29, 2025 calculations
Top border of price channel:
Exp(Y1,195)
= Exp(a + b × X1,195 + 2 × s)
= Exp(a + b × 1,741 + 2 × s)
= Exp(3.0691 + 0.0008 × 1,741 + 2 × 0.0125)
= Exp(4.4758)
= $87.87
Bottom border of price channel:
Exp(Y1,195)
= Exp(a + b × X1,195 – 2 × s)
= Exp(a + b × 1,741 – 2 × s)
= Exp(3.0691 + 0.0008 × 1,741 – 2 × 0.0125)
= Exp(4.4259)
= $83.59
October 21, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.0691 + 0.0008 × 1,825 + 2 × 0.0125)
= Exp(4.5425)
= $93.93
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.0691 + 0.0008 × 1,825 – 2 × 0.0125)
= Exp(4.4925)
= $89.35
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 33.60% per annum.
- OTIS price at the close of October 21, 2025 was inside the secondary price channel.