OTIS Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: OTIS shows a robust backlog and construction activities are rising, suggesting a possible price increase. The positive divergence in implied volatility indicates investor confidence, with potential for capital appreciation through upcoming projects.




Bearish Case: Market volatility remains elevated, and insider selling could signify decreasing investor confidence. The historical price patterns indicate potential retracement risks, particularly in light of global economic pressures.




Potential Outcomes:

1) Continued growth leads to price appreciation (+60% probability).

2) Major insider selling impacts share price negatively (-30% probability).

3) Market correction affects overall equity prices (-10% probability).




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November 14, 2024


Otis Worldwide Forecast

OTIS        Otis Worldwide











Correlated Assets

Assets that tend to move strongly with OTIS



IR Forecast + Options Trading Strategies   IR  Ingersoll-Rand (0.85)


CAT Forecast + Options Trading Strategies   CAT  Caterpillar (0.84)


APO Forecast + Options Trading Strategies   APO  Apollo (0.84)


VRT Forecast + Options Trading Strategies   VRT  Vertiv (0.84)


TCOM Forecast + Options Trading Strategies   TCOM  Trip.com (0.83)



Uncorrelated Assets

Assets with little price relationship to OTIS



NRDS Forecast + Options Trading Strategies   NRDS  Nerdwallet (-0.0)


UAA Forecast + Options Trading Strategies   UAA  Under Armour (-0.0)


MTCH Forecast + Options Trading Strategies   MTCH  Match (-0.0)


TM Forecast + Options Trading Strategies   TM  Toyota Motor (0.0)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against OTIS



BMRN Forecast + Options Trading Strategies   BMRN  Registered Shares (-0.74)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.76)


VSAT Forecast + Options Trading Strategies   VSAT  Viasat (-0.78)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.78)


CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.8)









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