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 9.62% per annum.
- OTIS price at the close of November 24, 2025 was $86.96 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.16% per annum.
- OTIS price at the close of November 24, 2025 was lower than the bottom border of the secondary price channel by $0.88 (1.00%). This indicates a possible reversal in the secondary trend direction.
- 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: November 24, 2025
a = 4.9934
b = -0.0003
s = 0.0386
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0386) – 1
= 16.72%
September 24, 2024 calculations
Top border of price channel:
Exp(Y961)
= Exp(a + b × X961 + 2 × s)
= Exp(a + b × 1,399 + 2 × s)
= Exp(4.9934 + -0.0003 × 1,399 + 2 × 0.0386)
= Exp(4.6831)
= $108.11
Bottom border of price channel:
Exp(Y961)
= Exp(a + b × X961 – 2 × s)
= Exp(a + b × 1,399 – 2 × s)
= Exp(4.9934 + -0.0003 × 1,399 – 2 × 0.0386)
= Exp(4.5285)
= $92.62
November 24, 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(4.9934 + -0.0003 × 1,825 + 2 × 0.0386)
= Exp(4.5651)
= $96.07
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.9934 + -0.0003 × 1,825 – 2 × 0.0386)
= Exp(4.4105)
= $82.31
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.62% per annum.
- OTIS price at the close of November 24, 2025 was $86.96 and was inside the primary price channel.
Secondary Trend
Start date: July 28, 2025
End date: November 24, 2025
a = 3.6779
b = 0.0005
s = 0.0184
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0184) – 1
= 7.64%
July 28, 2025 calculations
Top border of price channel:
Exp(Y1,170)
= Exp(a + b × X1,170 + 2 × s)
= Exp(a + b × 1,706 + 2 × s)
= Exp(3.6779 + 0.0005 × 1,706 + 2 × 0.0184)
= Exp(4.4948)
= $89.55
Bottom border of price channel:
Exp(Y1,170)
= Exp(a + b × X1,170 – 2 × s)
= Exp(a + b × 1,706 – 2 × s)
= Exp(3.6779 + 0.0005 × 1,706 – 2 × 0.0184)
= Exp(4.4211)
= $83.19
November 24, 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(3.6779 + 0.0005 × 1,825 + 2 × 0.0184)
= Exp(4.5492)
= $94.55
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.6779 + 0.0005 × 1,825 – 2 × 0.0184)
= Exp(4.4755)
= $87.84
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.16% per annum.
- OTIS price at the close of November 24, 2025 was lower than the bottom border of the secondary price channel by $0.88 (1.00%). This indicates a possible reversal in the secondary trend direction.