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 9.49% per annum.
- OTIS price at the close of January 22, 2026 was $90.27 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.79% per annum.
- OTIS price at the close of January 22, 2026 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: January 22, 2026
a = 4.9707
b = -0.0003
s = 0.0367
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0367) – 1
= 15.83%
September 24, 2024 calculations
Top border of price channel:
Exp(Y922)
= Exp(a + b × X922 + 2 × s)
= Exp(a + b × 1,338 + 2 × s)
= Exp(4.9707 + -0.0003 × 1,338 + 2 × 0.0367)
= Exp(4.6786)
= $107.62
Bottom border of price channel:
Exp(Y922)
= Exp(a + b × X922 – 2 × s)
= Exp(a + b × 1,338 – 2 × s)
= Exp(4.9707 + -0.0003 × 1,338 – 2 × 0.0367)
= Exp(4.5316)
= $92.91
January 22, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.9707 + -0.0003 × 1,823 + 2 × 0.0367)
= Exp(4.5461)
= $94.26
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.9707 + -0.0003 × 1,823 – 2 × 0.0367)
= Exp(4.3991)
= $81.38
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.49% per annum.
- OTIS price at the close of January 22, 2026 was $90.27 and was inside the primary price channel.
Secondary Trend
Start date: July 23, 2025
End date: January 22, 2026
a = 4.2619
b = 0.0001
s = 0.0202
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.79%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0202) – 1
= 8.42%
July 23, 2025 calculations
Top border of price channel:
Exp(Y1,128)
= Exp(a + b × X1,128 + 2 × s)
= Exp(a + b × 1,640 + 2 × s)
= Exp(4.2619 + 0.0001 × 1,640 + 2 × 0.0202)
= Exp(4.5126)
= $91.16
Bottom border of price channel:
Exp(Y1,128)
= Exp(a + b × X1,128 – 2 × s)
= Exp(a + b × 1,640 – 2 × s)
= Exp(4.2619 + 0.0001 × 1,640 – 2 × 0.0202)
= Exp(4.4318)
= $84.08
January 22, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.2619 + 0.0001 × 1,823 + 2 × 0.0202)
= Exp(4.5361)
= $93.32
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.2619 + 0.0001 × 1,823 – 2 × 0.0202)
= Exp(4.4553)
= $86.08
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.79% per annum.
- OTIS price at the close of January 22, 2026 was inside the secondary price channel.