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Otis Worldwide Corp
Buy, Hold or Sell?

Let's analyse Otis together

PenkeI guess you are interested in Otis Worldwide Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Otis Worldwide Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Otis (30 sec.)










What can you expect buying and holding a share of Otis? (30 sec.)

How much money do you get?

How much money do you get?
$1.30
When do you have the money?
1 year
How often do you get paid?
80.0%

What is your share worth?

Current worth
$-11.49
Expected worth in 1 year
$-11.83
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
$0.95
Return On Investment
1.0%

For what price can you sell your share?

Current Price per Share
$99.86
Expected price per share
$89.24 - $
How sure are you?
50%

1. Valuation of Otis (5 min.)




Live pricePrice per Share (EOD)

$99.86

Intrinsic Value Per Share

$64.31 - $75.92

Total Value Per Share

$52.83 - $64.43

2. Growth of Otis (5 min.)




Is Otis growing?

Current yearPrevious yearGrowGrow %
How rich?-$4.7b-$4.2b-$407.2m-8.7%

How much money is Otis making?

Current yearPrevious yearGrowGrow %
Making money$351.5m$313.2m$38.2m10.9%
Net Profit Margin9.9%9.2%--

How much money comes from the company's main activities?

3. Financial Health of Otis (5 min.)




4. Comparing to competitors in the Specialty Industrial Machinery industry (5 min.)




  Industry Rankings (Specialty Industrial Machinery)  


Richest
#738 / 738

Most Revenue
#29 / 738

Most Profit
#14 / 738

Most Efficient
#199 / 738

What can you expect buying and holding a share of Otis? (5 min.)

Welcome investor! Otis's management wants to use your money to grow the business. In return you get a share of Otis.

What can you expect buying and holding a share of Otis?

First you should know what it really means to hold a share of Otis. And how you can make/lose money.

Speculation

The Price per Share of Otis is $99.86. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Otis.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Otis, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $-11.49. Based on the TTM, the Book Value Change Per Share is $-0.09 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.95 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.33 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Otis.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.790.8%0.850.8%0.740.7%0.690.7%0.690.7%
Usd Book Value Change Per Share-0.34-0.3%-0.09-0.1%-0.95-1.0%-0.57-0.6%-0.57-0.6%
Usd Dividend Per Share0.340.3%0.330.3%0.270.3%0.200.2%0.200.2%
Usd Total Gains Per Share-0.010.0%0.240.2%-0.68-0.7%-0.38-0.4%-0.38-0.4%
Usd Price Per Share89.47-85.80-72.43-59.47-59.47-
Price to Earnings Ratio28.45-25.45-24.53-21.32-21.32-
Price-to-Total Gains Ratio-16,700.28--2,923.00-137.63--190.57--190.57-
Price to Book Ratio-7.79--7.60--7.55--6.56--6.56-
Price-to-Total Gains Ratio-16,700.28--2,923.00-137.63--190.57--190.57-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share99.86
Number of shares10
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.330.20
Usd Book Value Change Per Share-0.09-0.57
Usd Total Gains Per Share0.24-0.38
Gains per Quarter (10 shares)2.38-3.76
Gains per Year (10 shares)9.53-15.06
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
113-308-23-25
226-71016-46-40
339-102024-69-55
452-143032-92-70
565-174040-115-85
678-215047-138-100
791-246055-161-115
8104-287063-184-130
9117-318071-207-145
10130-359079-230-160

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%20.00.00.0100.0%20.00.00.0100.0%
Book Value Change Per Share2.02.00.050.0%7.05.00.058.3%11.06.03.055.0%11.06.03.055.0%11.06.03.055.0%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%16.00.04.080.0%16.00.04.080.0%16.00.04.080.0%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%14.03.03.070.0%14.03.03.070.0%14.03.03.070.0%

Fundamentals of Otis

About Otis Worldwide Corp

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.

Fundamental data was last updated by Penke on 2024-03-14 06:16:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is unable to pay all its debts by selling its assets.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Otis Worldwide Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Otis earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Otis to the Specialty Industrial Machinery industry mean.
  • A Net Profit Margin of 8.9% means that $0.09 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Otis Worldwide Corp:

  • The MRQ is 8.9%. The company is making a profit. +1
  • The TTM is 9.9%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ8.9%TTM9.9%-1.0%
TTM9.9%YOY9.2%+0.7%
TTM9.9%5Y8.7%+1.2%
5Y8.7%10Y8.7%0.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ8.9%5.5%+3.4%
TTM9.9%5.2%+4.7%
YOY9.2%5.1%+4.1%
5Y8.7%4.5%+4.2%
10Y8.7%4.7%+4.0%
1.1.2. Return on Assets

Shows how efficient Otis is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Otis to the Specialty Industrial Machinery industry mean.
  • 3.2% Return on Assets means that Otis generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Otis Worldwide Corp:

  • The MRQ is 3.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.5%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.2%TTM3.5%-0.3%
TTM3.5%YOY3.1%+0.4%
TTM3.5%5Y2.4%+1.0%
5Y2.4%10Y2.4%0.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2%1.1%+2.1%
TTM3.5%1.0%+2.5%
YOY3.1%1.1%+2.0%
5Y2.4%1.0%+1.4%
10Y2.4%1.1%+1.3%
1.1.3. Return on Equity

Shows how efficient Otis is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Otis to the Specialty Industrial Machinery industry mean.
  • 0.0% Return on Equity means Otis generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Otis Worldwide Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y0.6%-0.6%
5Y0.6%10Y0.6%0.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.3%-2.3%
TTM-2.1%-2.1%
YOY-2.2%-2.2%
5Y0.6%2.0%-1.4%
10Y0.6%2.2%-1.6%

1.2. Operating Efficiency of Otis Worldwide Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Otis is operating .

  • Measures how much profit Otis makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Otis to the Specialty Industrial Machinery industry mean.
  • An Operating Margin of 14.4% means the company generated $0.14  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Otis Worldwide Corp:

  • The MRQ is 14.4%. The company is operating less efficient.
  • The TTM is 15.4%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ14.4%TTM15.4%-0.9%
TTM15.4%YOY14.9%+0.5%
TTM15.4%5Y14.5%+0.9%
5Y14.5%10Y14.5%0.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ14.4%7.9%+6.5%
TTM15.4%4.7%+10.7%
YOY14.9%6.2%+8.7%
5Y14.5%6.2%+8.3%
10Y14.5%5.0%+9.5%
1.2.2. Operating Ratio

Measures how efficient Otis is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • An Operation Ratio of 0.86 means that the operating costs are $0.86 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Otis Worldwide Corp:

  • The MRQ is 0.856. The company is less efficient in keeping operating costs low.
  • The TTM is 0.846. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.856TTM0.846+0.009
TTM0.846YOY0.851-0.005
TTM0.8465Y0.857-0.011
5Y0.85710Y0.8570.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8561.534-0.678
TTM0.8461.554-0.708
YOY0.8511.550-0.699
5Y0.8571.523-0.666
10Y0.8571.248-0.391

1.3. Liquidity of Otis Worldwide Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Otis is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A Current Ratio of 0.99 means the company has $0.99 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Otis Worldwide Corp:

  • The MRQ is 0.988. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.947. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.988TTM0.947+0.041
TTM0.947YOY1.024-0.078
TTM0.9475Y0.868+0.079
5Y0.86810Y0.8680.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9881.674-0.686
TTM0.9471.688-0.741
YOY1.0241.649-0.625
5Y0.8681.740-0.872
10Y0.8681.534-0.666
1.3.2. Quick Ratio

Measures if Otis is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Otis to the Specialty Industrial Machinery industry mean.
  • A Quick Ratio of 0.85 means the company can pay off $0.85 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Otis Worldwide Corp:

  • The MRQ is 0.853. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.810. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.853TTM0.810+0.044
TTM0.810YOY0.789+0.020
TTM0.8105Y0.702+0.107
5Y0.70210Y0.7020.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8530.717+0.136
TTM0.8100.749+0.061
YOY0.7890.814-0.025
5Y0.7020.858-0.156
10Y0.7020.860-0.158

1.4. Solvency of Otis Worldwide Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Otis assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Otis to Specialty Industrial Machinery industry mean.
  • A Debt to Asset Ratio of 1.47 means that Otis assets are financed with 146.7% credit (debt) and the remaining percentage (100% - 146.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Otis Worldwide Corp:

  • The MRQ is 1.467. The company is unable to pay all its debts by selling its assets. -2
  • The TTM is 1.463. The company is unable to pay all its debts by selling its assets. -2
Trends
Current periodCompared to+/- 
MRQ1.467TTM1.463+0.004
TTM1.463YOY1.428+0.035
TTM1.4635Y1.148+0.315
5Y1.14810Y1.1480.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4670.499+0.968
TTM1.4630.503+0.960
YOY1.4280.504+0.924
5Y1.1480.497+0.651
10Y1.1480.491+0.657
1.4.2. Debt to Equity Ratio

Measures if Otis is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Otis to the Specialty Industrial Machinery industry mean.
  • A Debt to Equity ratio of 0.0% means that company has $0.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Otis Worldwide Corp:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.217-0.217
5Y0.21710Y0.2170.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.998-0.998
TTM-1.016-1.016
YOY-1.013-1.013
5Y0.2171.052-0.836
10Y0.2171.032-0.816

2. Market Valuation of Otis Worldwide Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Otis generates.

  • Above 15 is considered overpriced but always compare Otis to the Specialty Industrial Machinery industry mean.
  • A PE ratio of 28.45 means the investor is paying $28.45 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Otis Worldwide Corp:

  • The EOD is 31.759. Based on the earnings, the company is overpriced. -1
  • The MRQ is 28.455. Based on the earnings, the company is overpriced. -1
  • The TTM is 25.450. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD31.759MRQ28.455+3.304
MRQ28.455TTM25.450+3.005
TTM25.450YOY24.535+0.915
TTM25.4505Y21.315+4.134
5Y21.31510Y21.3150.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD31.75919.476+12.283
MRQ28.45518.616+9.839
TTM25.45019.352+6.098
YOY24.53517.955+6.580
5Y21.31521.955-0.640
10Y21.31528.443-7.128
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Otis Worldwide Corp:

  • The EOD is 18.483. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 16.560. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 26.144. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD18.483MRQ16.560+1.923
MRQ16.560TTM26.144-9.584
TTM26.144YOY22.665+3.479
TTM26.1445Y20.073+6.071
5Y20.07310Y20.0730.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD18.4835.476+13.007
MRQ16.5604.966+11.594
TTM26.1442.621+23.523
YOY22.665-0.130+22.795
5Y20.0730.502+19.571
10Y20.0732.022+18.051
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Otis is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A PB ratio of -7.79 means the investor is paying $-7.79 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Otis Worldwide Corp:

  • The EOD is -8.693. Based on the equity, the company is expensive. -2
  • The MRQ is -7.789. Based on the equity, the company is expensive. -2
  • The TTM is -7.598. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-8.693MRQ-7.789-0.905
MRQ-7.789TTM-7.598-0.191
TTM-7.598YOY-7.552-0.046
TTM-7.5985Y-6.564-1.034
5Y-6.56410Y-6.5640.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD-8.6932.115-10.808
MRQ-7.7892.124-9.913
TTM-7.5982.181-9.779
YOY-7.5522.361-9.913
5Y-6.5642.377-8.941
10Y-6.5642.932-9.496
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Otis Worldwide Corp.

3.1. Institutions holding Otis Worldwide Corp

Institutions are holding 90.573% of the shares of Otis Worldwide Corp.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Vanguard Group Inc11.28940.089645773358591393314.837
2023-12-31BlackRock Inc8.63010.079834991332-736512-2.0615
2023-12-31AllianceBernstein L.P.4.73860.66151921269813180957.3659
2023-12-31State Street Corporation3.85850.068115644435-24398-0.1557
2023-12-31Morgan Stanley - Brokerage Accounts3.14150.100412737362-175292-1.3575
2023-12-31Geode Capital Management, LLC2.58180.0979104681261021940.9859
2023-12-31Capital Research Global Investors2.17320.1948811307-589688-6.2726
2023-12-31JPMorgan Chase & Co1.99970.069781078715674497.5254
2023-12-31Fiera Capital Corporation1.86422.07617558623-520898-6.4471
2023-12-31Massachusetts Financial Services Company1.84640.21637486331-230311-2.9846
2023-12-31NORGES BANK1.73350.10997028672230369848.7558
2023-12-31Fundsmith LLP1.58892.41286442153-8760-0.1358
2023-12-31BLS Capital Fondsmæglerselskab A/S1.361412.3552551972020790.0377
2023-12-31Dodge & Cox1.23970.28545026497-78100-1.53
2023-12-31Northern Trust Corp1.13580.07464605064-56785-1.2181
2023-12-31Goldman Sachs Group Inc1.09850.035844538622454047122.7137
2023-12-31Grantham, Mayo, Van Otterloo & Co., LLC0.95821.5339388504443677212.6664
2023-12-31Bank of New York Mellon Corp0.91570.06743712923-58485-1.5507
2023-12-31Amvescap Plc.0.90910.07853686093-797439-17.786
2023-12-31Bank of America Corp0.89540.03273630367-9719-0.267
Total 53.959620.6396218781838+9811880+4.5%

3.2. Funds holding Otis Worldwide Corp

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-01-31Vanguard Total Stock Mkt Idx Inv3.16690.076912840480214470.1673
2024-01-31Vanguard Institutional 500 Index Trust2.49450.0888101139351208321.2092
2024-01-31Vanguard Mid Cap Index Institutional2.26150.52999169412-4745-0.0517
2024-01-31Fidelity 500 Index1.19840.08874859038497331.0341
2024-02-29SPDR® S&P 500 ETF Trust1.1840.09114800752301320.6316
2024-02-29iShares Core S&P 500 ETF1.05010.09094257838129320.3046
2023-12-31MS INVF Global Brands A USD1.04881.68684252557-29954-0.6994
2023-12-31Morgan Stanley Glbl Franchise1.04881.69074252557-120256-2.7501
2023-12-31American Funds Growth Fund of Amer A1.02420.14924152628-266925-6.0396
2023-12-31Capital Group Growth Fnd of Amer Comp1.02420.14924152628-266925-6.0396
2023-12-31Dodge & Cox Stock I1.00560.3614407715000
2023-12-29AllianceBernstein US L/C Growth Eqty MF0.86431.31333504424853822.4972
2024-01-31Vanguard Value Index Inv0.83870.19173400684-8938-0.2621
2024-01-31AB Large Cap Growth A0.8131.1884329653300
2024-01-31Vanguard Mid-Cap Value ETF0.76660.99373108401-24843-0.7929
2023-12-31American Funds Invmt Co of Amer A0.69490.19942817315-233300-7.6476
2023-12-31Capital Group Investment Co of Amer Comp0.69490.19942817315-233300-7.6476
2024-01-31Vanguard Institutional Index I0.66750.08892706357-3424-0.1264
2024-02-29JPMorgan Equity Premium Income ETF0.66230.7815268534386580.3235
2023-09-30CIBC Disciplined Equity0.6111.4549247717400
Total 23.120211.414893742521-863494-0.9%

3.3. Insider Transactions

Insiders are holding 0.157% of the shares of Otis Worldwide Corp.

DateOwnerTypeAmountPricePost Transaction AmountLink
2024-02-21Montlivault Stephane DeSELL1839391.1
2024-02-07Judith Fran MarksSELL3731291.83
2023-07-28Fernandez Bernardo CallejaSELL399290.7
2023-07-28Michael Patrick RyanSELL637290.5

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Otis Worldwide Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.344-0.087-75%-0.953+177%-0.574+67%-0.574+67%
Book Value Per Share---11.487-11.288-2%-10.114-12%-7.226-37%-7.226-37%
Current Ratio--0.9880.947+4%1.024-4%0.868+14%0.868+14%
Debt To Asset Ratio--1.4671.463+0%1.428+3%1.148+28%1.148+28%
Debt To Equity Ratio----0%-0%0.217-100%0.217-100%
Dividend Per Share--0.3380.325+4%0.275+23%0.198+71%0.198+71%
Eps--0.7860.848-7%0.741+6%0.694+13%0.694+13%
Free Cash Flow Per Share--1.3510.899+50%0.854+58%0.836+61%0.836+61%
Free Cash Flow To Equity Per Share---0.9170.082-1213%-1.299+42%0.023-4026%0.023-4026%
Gross Profit Margin--1.0000.999+0%1.0000%0.152+559%0.152+559%
Intrinsic Value_10Y_max--75.922--------
Intrinsic Value_10Y_min--64.312--------
Intrinsic Value_1Y_max--4.158--------
Intrinsic Value_1Y_min--4.082--------
Intrinsic Value_3Y_max--15.123--------
Intrinsic Value_3Y_min--14.385--------
Intrinsic Value_5Y_max--29.257--------
Intrinsic Value_5Y_min--26.930--------
Market Cap40488737098.880+9%36763223000.00035569487500.000+3%30637671500.000+20%25276699800.000+45%25276699800.000+45%
Net Profit Margin--0.0890.099-10%0.092-3%0.087+3%0.087+3%
Operating Margin--0.1440.154-6%0.149-3%0.1450%0.1450%
Operating Ratio--0.8560.846+1%0.851+0%0.8570%0.8570%
Pb Ratio-8.693-12%-7.789-7.598-2%-7.552-3%-6.564-16%-6.564-16%
Pe Ratio31.759+10%28.45525.450+12%24.535+16%21.315+33%21.315+33%
Price Per Share99.860+10%89.47085.798+4%72.433+24%59.466+50%59.466+50%
Price To Free Cash Flow Ratio18.483+10%16.56026.144-37%22.665-27%20.073-18%20.073-18%
Price To Total Gains Ratio-18639.656-12%-16700.280-2922.997-82%137.628-12234%-190.570-99%-190.570-99%
Quick Ratio--0.8530.810+5%0.789+8%0.702+22%0.702+22%
Return On Assets--0.0320.035-8%0.031+3%0.024+31%0.024+31%
Return On Equity----0%-0%0.006-100%0.006-100%
Total Gains Per Share---0.0050.238-102%-0.678+12557%-0.376+6927%-0.376+6927%
Usd Book Value---4720000000.000-4679750000.000-1%-4272500000.000-9%-3065550000.000-35%-3065550000.000-35%
Usd Book Value Change Per Share---0.344-0.087-75%-0.953+177%-0.574+67%-0.574+67%
Usd Book Value Per Share---11.487-11.288-2%-10.114-12%-7.226-37%-7.226-37%
Usd Dividend Per Share--0.3380.325+4%0.275+23%0.198+71%0.198+71%
Usd Eps--0.7860.848-7%0.741+6%0.694+13%0.694+13%
Usd Free Cash Flow--555000000.000372250000.000+49%361250000.000+54%357450000.000+55%357450000.000+55%
Usd Free Cash Flow Per Share--1.3510.899+50%0.854+58%0.836+61%0.836+61%
Usd Free Cash Flow To Equity Per Share---0.9170.082-1213%-1.299+42%0.023-4026%0.023-4026%
Usd Market Cap40488737098.880+9%36763223000.00035569487500.000+3%30637671500.000+20%25276699800.000+45%25276699800.000+45%
Usd Price Per Share99.860+10%89.47085.798+4%72.433+24%59.466+50%59.466+50%
Usd Profit--323000000.000351500000.000-8%313250000.000+3%296350000.000+9%296350000.000+9%
Usd Revenue--3620000000.0003552250000.000+2%3421250000.000+6%3403300000.000+6%3403300000.000+6%
Usd Total Gains Per Share---0.0050.238-102%-0.678+12557%-0.376+6927%-0.376+6927%
 EOD+4 -4MRQTTM+14 -20YOY+22 -115Y+25 -1110Y+25 -11

4.2. Fundamental Score

Let's check the fundamental score of Otis Worldwide Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1531.759
Price to Book Ratio (EOD)Between0-1-8.693
Net Profit Margin (MRQ)Greater than00.089
Operating Margin (MRQ)Greater than00.144
Quick Ratio (MRQ)Greater than10.853
Current Ratio (MRQ)Greater than10.988
Debt to Asset Ratio (MRQ)Less than11.467
Debt to Equity Ratio (MRQ)Less than10.000
Return on Equity (MRQ)Greater than0.150.000
Return on Assets (MRQ)Greater than0.050.032
Total3/10 (30.0%)

4.3. Technical Score

Let's check the technical score of Otis Worldwide Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5067.772
Ma 20Greater thanMa 5097.651
Ma 50Greater thanMa 10093.338
Ma 100Greater thanMa 20089.696
OpenGreater thanClose99.150
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets10,117,000
Total Liabilities14,837,000
Total Stockholder Equity-4,924,000
 As reported
Total Liabilities 14,837,000
Total Stockholder Equity+ -4,924,000
Total Assets = 10,117,000

Assets

Total Assets10,117,000
Total Current Assets6,400,000
Long-term Assets3,717,000
Total Current Assets
Cash And Cash Equivalents 1,274,000
Net Receivables 4,255,000
Inventory 612,000
Other Current Assets 259,000
Total Current Assets  (as reported)6,400,000
Total Current Assets  (calculated)6,400,000
+/-0
Long-term Assets
Property Plant Equipment 1,143,000
Goodwill 1,588,000
Intangible Assets 335,000
Long-term Assets Other 651,000
Long-term Assets  (as reported)3,717,000
Long-term Assets  (calculated)3,717,000
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities6,479,000
Long-term Liabilities8,358,000
Total Stockholder Equity-4,924,000
Total Current Liabilities
Short-term Debt 149,000
Short Long Term Debt 32,000
Accounts payable 1,878,000
Other Current Liabilities 1,756,000
Total Current Liabilities  (as reported)6,479,000
Total Current Liabilities  (calculated)3,815,000
+/- 2,664,000
Long-term Liabilities
Long term Debt 6,866,000
Capital Lease Obligations 409,000
Long-term Liabilities Other 398,000
Long-term Liabilities  (as reported)8,358,000
Long-term Liabilities  (calculated)7,673,000
+/- 685,000
Total Stockholder Equity
Common Stock213,000
Retained Earnings -2,005,000
Accumulated Other Comprehensive Income -750,000
Other Stockholders Equity -2,382,000
Total Stockholder Equity (as reported)-4,924,000
Total Stockholder Equity (calculated)-4,924,000
+/-0
Other
Capital Stock213,000
Cash and Short Term Investments 1,274,000
Common Stock Shares Outstanding 410,900
Current Deferred Revenue2,696,000
Liabilities and Stockholders Equity 10,117,000
Net Debt 6,033,000
Net Invested Capital 1,974,000
Net Working Capital -79,000
Property Plant and Equipment Gross 2,375,000
Short Long Term Debt Total 7,307,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-31
> Total Assets 
0
0
0
9,687,000
9,524,000
10,441,000
10,473,000
10,710,000
10,505,000
10,857,000
10,472,000
12,279,000
11,795,000
9,913,000
9,342,000
9,819,000
9,845,000
10,135,000
10,390,000
10,117,000
10,117,00010,390,00010,135,0009,845,0009,819,0009,342,0009,913,00011,795,00012,279,00010,472,00010,857,00010,505,00010,710,00010,473,00010,441,0009,524,0009,687,000000
   > Total Current Assets 
0
0
0
5,658,000
5,514,000
6,392,000
6,271,000
6,493,000
6,346,000
6,681,000
6,375,000
8,261,000
7,844,000
6,150,000
5,829,000
6,143,000
6,153,000
6,417,000
6,749,000
6,400,000
6,400,0006,749,0006,417,0006,153,0006,143,0005,829,0006,150,0007,844,0008,261,0006,375,0006,681,0006,346,0006,493,0006,271,0006,392,0005,514,0005,658,000000
       Cash And Cash Equivalents 
0
0
0
1,446,000
1,207,000
1,912,000
1,733,000
1,782,000
1,725,000
1,923,000
1,553,000
1,565,000
1,235,000
1,218,000
1,034,000
1,189,000
1,117,000
1,219,000
1,636,000
1,274,000
1,274,0001,636,0001,219,0001,117,0001,189,0001,034,0001,218,0001,235,0001,565,0001,553,0001,923,0001,725,0001,782,0001,733,0001,912,0001,207,0001,446,000000
       Net Receivables 
0
0
0
3,390,000
3,379,000
3,349,000
3,439,000
3,606,000
3,556,000
3,686,000
3,753,000
3,782,000
3,800,000
3,797,000
3,744,000
4,021,000
4,074,000
4,232,000
4,188,000
4,255,000
4,255,0004,188,0004,232,0004,074,0004,021,0003,744,0003,797,0003,800,0003,782,0003,753,0003,686,0003,556,0003,606,0003,439,0003,349,0003,379,0003,390,000000
       Other Current Assets 
0
0
0
251,000
329,000
502,000
432,000
446,000
379,000
399,000
441,000
382,000
342,000
527,000
441,000
311,000
320,000
326,000
301,000
259,000
259,000301,000326,000320,000311,000441,000527,000342,000382,000441,000399,000379,000446,000432,000502,000329,000251,000000
   > Long-term Assets 
0
0
0
4,029,000
4,010,000
4,049,000
4,202,000
4,217,000
4,159,000
4,176,000
4,097,000
4,018,000
3,951,000
3,763,000
3,513,000
3,676,000
3,692,000
3,718,000
3,641,000
3,717,000
3,717,0003,641,0003,718,0003,692,0003,676,0003,513,0003,763,0003,951,0004,018,0004,097,0004,176,0004,159,0004,217,0004,202,0004,049,0004,010,0004,029,000000
       Property Plant Equipment 
0
0
0
1,256,000
1,223,000
1,234,000
1,269,000
1,316,000
1,313,000
1,352,000
1,328,000
1,300,000
1,299,000
1,236,000
1,156,000
1,168,000
1,187,000
1,153,000
1,125,000
1,143,000
1,143,0001,125,0001,153,0001,187,0001,168,0001,156,0001,236,0001,299,0001,300,0001,328,0001,352,0001,313,0001,316,0001,269,0001,234,0001,223,0001,256,000000
       Goodwill 
0
0
0
1,647,000
1,608,000
1,639,000
1,700,000
1,773,000
1,727,000
1,742,000
1,702,000
1,667,000
1,636,000
1,550,000
1,448,000
1,567,000
1,570,000
1,579,000
1,547,000
1,588,000
1,588,0001,547,0001,579,0001,570,0001,567,0001,448,0001,550,0001,636,0001,667,0001,702,0001,742,0001,727,0001,773,0001,700,0001,639,0001,608,0001,647,000000
       Intangible Assets 
0
0
0
490,000
462,000
458,000
489,000
484,000
448,000
458,000
434,000
419,000
397,000
385,000
346,000
369,000
360,000
355,000
336,000
335,000
335,000336,000355,000360,000369,000346,000385,000397,000419,000434,000458,000448,000484,000489,000458,000462,000490,000000
       Other Assets 
0
0
0
0
717,000
718,000
744,000
1,186,000
671,000
624,000
633,000
632,000
619,000
592,000
563,000
572,000
0
0
633,000
0
0633,00000572,000563,000592,000619,000632,000633,000624,000671,0001,186,000744,000718,000717,0000000
> Total Liabilities 
0
0
0
7,361,000
13,808,000
14,113,000
13,954,000
13,994,000
13,856,000
14,174,000
13,767,000
15,423,000
14,736,000
14,665,000
14,075,000
14,483,000
14,483,000
14,886,000
15,000,000
14,837,000
14,837,00015,000,00014,886,00014,483,00014,483,00014,075,00014,665,00014,736,00015,423,00013,767,00014,174,00013,856,00013,994,00013,954,00014,113,00013,808,0007,361,000000
   > Total Current Liabilities 
0
0
0
5,374,000
5,355,000
5,762,000
6,291,000
6,673,000
6,395,000
6,716,000
6,363,000
6,247,000
6,242,000
6,338,000
5,992,000
6,843,000
6,823,000
7,158,000
6,749,000
6,479,000
6,479,0006,749,0007,158,0006,823,0006,843,0005,992,0006,338,0006,242,0006,247,0006,363,0006,716,0006,395,0006,673,0006,291,0005,762,0005,355,0005,374,000000
       Short-term Debt 
0
0
0
174,000
67,000
33,000
538,000
701,000
341,000
343,000
38,000
24,000
51,000
81,000
103,000
670,000
646,000
746,000
585,000
149,000
149,000585,000746,000646,000670,000103,00081,00051,00024,00038,000343,000341,000701,000538,00033,00067,000174,000000
       Short Long Term Debt 
0
0
0
34,000
67,000
33,000
538,000
701,000
341,000
343,000
38,000
24,000
51,000
81,000
103,000
670,000
646,000
746,000
585,000
32,000
32,000585,000746,000646,000670,000103,00081,00051,00024,00038,000343,000341,000701,000538,00033,00067,00034,000000
       Accounts payable 
0
0
0
1,331,000
1,102,000
1,349,000
1,392,000
1,453,000
1,459,000
1,569,000
1,662,000
1,556,000
1,507,000
1,616,000
1,521,000
1,717,000
1,515,000
1,744,000
1,655,000
1,878,000
1,878,0001,655,0001,744,0001,515,0001,717,0001,521,0001,616,0001,507,0001,556,0001,662,0001,569,0001,459,0001,453,0001,392,0001,349,0001,102,0001,331,000000
       Other Current Liabilities 
0
0
0
1,599,000
1,645,000
1,917,000
1,858,000
1,977,000
1,769,000
1,989,000
1,905,000
1,993,000
1,754,000
1,903,000
1,662,000
1,794,000
1,679,000
1,779,000
1,725,000
1,756,000
1,756,0001,725,0001,779,0001,679,0001,794,0001,662,0001,903,0001,754,0001,993,0001,905,0001,989,0001,769,0001,977,0001,858,0001,917,0001,645,0001,599,000000
   > Long-term Liabilities 
0
0
0
1,987,000
8,453,000
8,351,000
7,663,000
7,321,000
7,461,000
7,458,000
7,404,000
9,176,000
8,494,000
8,327,000
8,083,000
7,640,000
7,660,000
7,728,000
8,251,000
8,358,000
8,358,0008,251,0007,728,0007,660,0007,640,0008,083,0008,327,0008,494,0009,176,0007,404,0007,458,0007,461,0007,321,0007,663,0008,351,0008,453,0001,987,000000
       Long term Debt Total 
0
0
0
0
6,258,000
0
0
5,262,000
5,457,000
5,457,000
5,458,000
7,249,000
6,694,000
6,602,000
6,459,000
6,098,000
6,116,000
6,117,000
0
0
006,117,0006,116,0006,098,0006,459,0006,602,0006,694,0007,249,0005,458,0005,457,0005,457,0005,262,000006,258,0000000
       Warrants
0
0
0
0
0
0
0
83,000
65,000
63,000
62,000
160,000
1,981,000
136,000
128,000
135,000
129,000
126,000
0
0
00126,000129,000135,000128,000136,0001,981,000160,00062,00063,00065,00083,0000000000
       Other Liabilities 
0
0
0
0
1,721,000
1,618,000
1,678,000
1,609,000
1,575,000
1,552,000
1,520,000
1,431,000
1,414,000
1,366,000
1,299,000
1,227,000
0
0
1,136,000
0
01,136,000001,227,0001,299,0001,366,0001,414,0001,431,0001,520,0001,552,0001,575,0001,609,0001,678,0001,618,0001,721,0000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
321,000
300,000
285,000
274,000
267,000
261,000
251,000
244,000
279,000
278,000
278,000
0
0
00278,000278,000279,000244,000251,000261,000267,000274,000285,000300,000321,0000000000
> Total Stockholder Equity
0
0
0
1,700,000
-4,821,000
-4,242,000
-4,024,000
-3,832,000
-3,910,000
-3,856,000
-3,854,000
-3,625,000
-5,029,000
-4,997,000
-4,913,000
-4,870,000
-4,857,000
-4,852,000
-4,788,000
-4,924,000
-4,924,000-4,788,000-4,852,000-4,857,000-4,870,000-4,913,000-4,997,000-5,029,000-3,625,000-3,854,000-3,856,000-3,910,000-3,832,000-4,024,000-4,242,000-4,821,0001,700,000000
   Common Stock
0
0
0
0
-3,959,000
4,000
4,000
59,000
68,000
86,000
102,000
119,000
121,000
121,000
134,000
162,000
172,000
183,000
198,000
213,000
213,000198,000183,000172,000162,000134,000121,000121,000119,000102,00086,00068,00059,0004,0004,000-3,959,0000000
   Retained Earnings Total Equity00-2,419,000-2,653,000-2,865,000-3,042,000-3,245,000-3,529,000-2,256,000-2,404,000-2,633,000-2,855,000-3,076,0000000000
   Accumulated Other Comprehensive Income -750,000-648,000-689,000-626,000-592,000-580,000-748,000-696,000-763,000-827,000-803,000-823,000-815,000-819,000-843,000-862,000-758,000000
   Capital Surplus 
0
0
0
0
0
15,000
32,000
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000032,00015,00000000
   Treasury Stock00-1,927,000-1,750,000-1,575,000-1,425,000-1,125,000-925,000-725,000-725,000-506,000-300,00000000000
   Other Stockholders Equity 
0
0
0
2,458,000
-862,000
15,000
32,000
-815,000
-300,000
-506,000
-725,000
-725,000
-925,000
-1,125,000
-1,425,000
-1,575,000
-1,750,000
-1,927,000
-2,155,000
-2,382,000
-2,382,000-2,155,000-1,927,000-1,750,000-1,575,000-1,425,000-1,125,000-925,000-725,000-725,000-506,000-300,000-815,00032,00015,000-862,0002,458,000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue14,209,000
Cost of Revenue-10,016,000
Gross Profit4,193,0004,193,000
 
Operating Income (+$)
Gross Profit4,193,000
Operating Expense-2,028,000
Operating Income2,186,0002,165,000
 
Operating Expense (+$)
Research Development144,000
Selling General Administrative1,833,000
Selling And Marketing Expenses0
Operating Expense2,028,0001,977,000
 
Net Interest Income (+$)
Interest Income0
Interest Expense-150,000
Other Finance Cost-5,000
Net Interest Income-145,000
 
Pretax Income (+$)
Operating Income2,186,000
Net Interest Income-145,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)2,031,0002,341,000
EBIT - interestExpense = 2,036,000
1,939,000
1,556,000
Interest Expense150,000
Earnings Before Interest and Taxes (EBIT)2,186,0002,181,000
Earnings Before Interest and Taxes (EBITDA)2,186,000
 
After tax Income (+$)
Income Before Tax2,031,000
Tax Provision-537,000
Net Income From Continuing Ops1,472,0001,494,000
Net Income1,406,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses12,044,000
Total Other Income/Expenses Net-155,000145,000
 

Technical Analysis of Otis
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Otis. The general trend of Otis is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Otis's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Otis Worldwide Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 91.43 > 89.75 > 89.24.

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Otis Worldwide Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Otis Worldwide Corp. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Otis Worldwide Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Otis Worldwide Corp. The current macd is 1.80442703.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Otis price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Otis. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Otis price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Otis Worldwide Corp Daily Moving Average Convergence/Divergence (MACD) ChartOtis Worldwide Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Otis Worldwide Corp. The current adx is 42.72.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Otis shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Otis Worldwide Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Otis Worldwide Corp. The current sar is 100.32.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Otis Worldwide Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Otis Worldwide Corp. The current rsi is 67.77. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Otis Worldwide Corp Daily Relative Strength Index (RSI) ChartOtis Worldwide Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Otis Worldwide Corp. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Otis price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Otis Worldwide Corp Daily Stochastic Oscillator ChartOtis Worldwide Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Otis Worldwide Corp. The current cci is 91.74.

Otis Worldwide Corp Daily Commodity Channel Index (CCI) ChartOtis Worldwide Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Otis Worldwide Corp. The current cmo is 34.63.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Otis Worldwide Corp Daily Chande Momentum Oscillator (CMO) ChartOtis Worldwide Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Otis Worldwide Corp. The current willr is -10.90100111.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Otis Worldwide Corp Daily Williams %R ChartOtis Worldwide Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Otis Worldwide Corp.

Otis Worldwide Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Otis Worldwide Corp. The current atr is 1.22022501.

Otis Worldwide Corp Daily Average True Range (ATR) ChartOtis Worldwide Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Otis Worldwide Corp. The current obv is 65,359,194.

Otis Worldwide Corp Daily On-Balance Volume (OBV) ChartOtis Worldwide Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Otis Worldwide Corp. The current mfi is 62.58.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Otis Worldwide Corp Daily Money Flow Index (MFI) ChartOtis Worldwide Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Otis Worldwide Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-16MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-11BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-19WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-23WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-30BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-23BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-07ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-08MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-11RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Otis Worldwide Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Otis Worldwide Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5067.772
Ma 20Greater thanMa 5097.651
Ma 50Greater thanMa 10093.338
Ma 100Greater thanMa 20089.696
OpenGreater thanClose99.150
Total4/5 (80.0%)
Penke

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