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 9.80% per annum.
- OTIS price at the close of December 8, 2025 was $86.12 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.98% per annum.
- OTIS price at the close of December 8, 2025 was lower than the bottom border of the secondary price channel by $0.35 (0.40%). 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: December 8, 2025
a = 4.9979
b = -0.0003
s = 0.0382
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0382) – 1
= 16.50%
September 24, 2024 calculations
Top border of price channel:
Exp(Y952)
= Exp(a + b × X952 + 2 × s)
= Exp(a + b × 1,385 + 2 × s)
= Exp(4.9979 + -0.0003 × 1,385 + 2 × 0.0382)
= Exp(4.6829)
= $108.09
Bottom border of price channel:
Exp(Y952)
= Exp(a + b × X952 – 2 × s)
= Exp(a + b × 1,385 – 2 × s)
= Exp(4.9979 + -0.0003 × 1,385 – 2 × 0.0382)
= Exp(4.5303)
= $92.78
December 8, 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(4.9979 + -0.0003 × 1,825 + 2 × 0.0382)
= Exp(4.5586)
= $95.45
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.9979 + -0.0003 × 1,825 – 2 × 0.0382)
= Exp(4.4060)
= $81.94
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.80% per annum.
- OTIS price at the close of December 8, 2025 was $86.12 and was inside the primary price channel.
Secondary Trend
Start date: July 23, 2025
End date: December 8, 2025
a = 4.0261
b = 0.0003
s = 0.0210
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 9.98%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0210) – 1
= 8.75%
July 23, 2025 calculations
Top border of price channel:
Exp(Y1,158)
= Exp(a + b × X1,158 + 2 × s)
= Exp(a + b × 1,687 + 2 × s)
= Exp(4.0261 + 0.0003 × 1,687 + 2 × 0.0210)
= Exp(4.5077)
= $90.72
Bottom border of price channel:
Exp(Y1,158)
= Exp(a + b × X1,158 – 2 × s)
= Exp(a + b × 1,687 – 2 × s)
= Exp(4.0261 + 0.0003 × 1,687 – 2 × 0.0210)
= Exp(4.4238)
= $83.41
December 8, 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(4.0261 + 0.0003 × 1,825 + 2 × 0.0210)
= Exp(4.5437)
= $94.04
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.0261 + 0.0003 × 1,825 – 2 × 0.0210)
= Exp(4.4598)
= $86.47
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.98% per annum.
- OTIS price at the close of December 8, 2025 was lower than the bottom border of the secondary price channel by $0.35 (0.40%). This indicates a possible reversal in the secondary trend direction.