Otis Worldwide Stock Forecast - Naive Prediction
| OTIS Stock | USD 88.34 0.99 1.13% |
The Naive Prediction forecasted value of Otis Worldwide Corp on the next trading day is expected to be 87.26 with a mean absolute deviation of 0.65 and the sum of the absolute errors of 39.39. Otis Stock Forecast is based on your current time horizon.
The relative strength index (RSI) of Otis Worldwide's share price is below 30 at this time. This indicates that the stock is becoming oversold or undervalued. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Otis Worldwide Corp, making its price go up or down. Momentum 22
Sell Stretched
Oversold | Overbought |
Quarterly Earnings Growth (0.29) | EPS Estimate Next Quarter 1.0532 | EPS Estimate Current Year 4.0692 | EPS Estimate Next Year 4.484 | Wall Street Target Price 103.9616 |
Using Otis Worldwide hype-based prediction, you can estimate the value of Otis Worldwide Corp from the perspective of Otis Worldwide response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Otis Worldwide using Otis Worldwide's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Otis using crowd psychology based on the activity and movement of Otis Worldwide's stock price.
Otis Worldwide Short Interest
An investor who is long Otis Worldwide may also wish to track short interest. As short interest increases, investors should be becoming more worried about Otis Worldwide and may potentially protect profits, hedge Otis Worldwide with its derivative instruments, or be ready for some potential downside.
200 Day MA 92.6426 | Short Percent 0.0211 | Short Ratio 2.9 | Shares Short Prior Month 7.6 M | 50 Day MA 88.9682 |
Otis Worldwide Corp Hype to Price Pattern
Investor biases related to Otis Worldwide's public news can be used to forecast risks associated with an investment in Otis. The trend in average sentiment can be used to explain how an investor holding Otis can time the market purely based on public headlines and social activities around Otis Worldwide Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Otis Worldwide's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Otis Worldwide.
Otis Worldwide Implied Volatility | 0.38 |
Otis Worldwide's implied volatility exposes the market's sentiment of Otis Worldwide Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Otis Worldwide's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Otis Worldwide stock will not fluctuate a lot when Otis Worldwide's options are near their expiration.
The Naive Prediction forecasted value of Otis Worldwide Corp on the next trading day is expected to be 87.26 with a mean absolute deviation of 0.65 and the sum of the absolute errors of 39.39. Otis Worldwide after-hype prediction price | USD 88.36 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Otis Worldwide to cross-verify your projections. Open Interest Against 2026-03-20 Otis Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Otis Worldwide's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Otis Worldwide's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Otis Worldwide stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Otis Worldwide's open interest, investors have to compare it to Otis Worldwide's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Otis Worldwide is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Otis. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Otis Worldwide Additional Predictive Modules
Most predictive techniques to examine Otis price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Otis using various technical indicators. When you analyze Otis charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Otis Worldwide's financial statements to predict how it will affect future prices.
Cash | First Reported 2019-03-31 | Previous Quarter 688 M | Current Value 840 M | Quarterly Volatility 681.8 M |
Otis Worldwide Naive Prediction Price Forecast For the 6th of January
Given 90 days horizon, the Naive Prediction forecasted value of Otis Worldwide Corp on the next trading day is expected to be 87.26 with a mean absolute deviation of 0.65, mean absolute percentage error of 0.62, and the sum of the absolute errors of 39.39.Please note that although there have been many attempts to predict Otis Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Otis Worldwide's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Otis Worldwide Stock Forecast Pattern
| Backtest Otis Worldwide | Otis Worldwide Price Prediction | Buy or Sell Advice |
Otis Worldwide Forecasted Value
In the context of forecasting Otis Worldwide's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Otis Worldwide's downside and upside margins for the forecasting period are 86.28 and 88.23, respectively. We have considered Otis Worldwide's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Otis Worldwide stock data series using in forecasting. Note that when a statistical model is used to represent Otis Worldwide stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 117.6348 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6458 |
| MAPE | Mean absolute percentage error | 0.0073 |
| SAE | Sum of the absolute errors | 39.3947 |
Predictive Modules for Otis Worldwide
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Otis Worldwide Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Otis Worldwide
For every potential investor in Otis, whether a beginner or expert, Otis Worldwide's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Otis Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Otis. Basic forecasting techniques help filter out the noise by identifying Otis Worldwide's price trends.Otis Worldwide Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Otis Worldwide stock to make a market-neutral strategy. Peer analysis of Otis Worldwide could also be used in its relative valuation, which is a method of valuing Otis Worldwide by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Otis Worldwide Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Otis Worldwide's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Otis Worldwide's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Otis Worldwide Market Strength Events
Market strength indicators help investors to evaluate how Otis Worldwide stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Otis Worldwide shares will generate the highest return on investment. By undertsting and applying Otis Worldwide stock market strength indicators, traders can identify Otis Worldwide Corp entry and exit signals to maximize returns.
Otis Worldwide Risk Indicators
The analysis of Otis Worldwide's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Otis Worldwide's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting otis stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.756 | |||
| Standard Deviation | 0.9616 | |||
| Variance | 0.9246 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Tools for Otis Stock Analysis
When running Otis Worldwide's price analysis, check to measure Otis Worldwide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Otis Worldwide is operating at the current time. Most of Otis Worldwide's value examination focuses on studying past and present price action to predict the probability of Otis Worldwide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Otis Worldwide's price. Additionally, you may evaluate how the addition of Otis Worldwide to your portfolios can decrease your overall portfolio volatility.