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 9.10% per annum.
- OTIS price at the close of March 6, 2026 was $89.22 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.16% per annum.
- OTIS price at the close of March 6, 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: February 13, 2026
a = 4.9372
b = -0.0003
s = 0.0364
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0364) – 1
= 15.69%
September 24, 2024 calculations
Top border of price channel:
Exp(Y892)
= Exp(a + b × X892 + 2 × s)
= Exp(a + b × 1,295 + 2 × s)
= Exp(4.9372 + -0.0003 × 1,295 + 2 × 0.0364)
= Exp(4.6714)
= $106.85
Bottom border of price channel:
Exp(Y892)
= Exp(a + b × X892 – 2 × s)
= Exp(a + b × 1,295 – 2 × s)
= Exp(4.9372 + -0.0003 × 1,295 – 2 × 0.0364)
= Exp(4.5256)
= $92.35
February 13, 2026 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,802 + 2 × s)
= Exp(4.9372 + -0.0003 × 1,802 + 2 × 0.0364)
= Exp(4.5388)
= $93.58
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,802 – 2 × s)
= Exp(4.9372 + -0.0003 × 1,802 – 2 × 0.0364)
= Exp(4.3930)
= $80.89
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.10% per annum.
- OTIS price at the close of March 6, 2026 was $89.22 and was inside the primary price channel.
Secondary Trend
Start date: July 23, 2025
End date: March 6, 2026
a = 4.2033
b = 0.0002
s = 0.0208
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0208) – 1
= 8.66%
July 23, 2025 calculations
Top border of price channel:
Exp(Y1,098)
= Exp(a + b × X1,098 + 2 × s)
= Exp(a + b × 1,597 + 2 × s)
= Exp(4.2033 + 0.0002 × 1,597 + 2 × 0.0208)
= Exp(4.5064)
= $90.60
Bottom border of price channel:
Exp(Y1,098)
= Exp(a + b × X1,098 – 2 × s)
= Exp(a + b × 1,597 – 2 × s)
= Exp(4.2033 + 0.0002 × 1,597 – 2 × 0.0208)
= Exp(4.4234)
= $83.38
March 6, 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(4.2033 + 0.0002 × 1,823 + 2 × 0.0208)
= Exp(4.5434)
= $94.01
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.2033 + 0.0002 × 1,823 – 2 × 0.0208)
= Exp(4.4604)
= $86.52
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.16% per annum.
- OTIS price at the close of March 6, 2026 was inside the secondary price channel.