Otis Worldwide OTIS
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Otis Worldwide (OTIS) Business Model and Operations Summary
Otis Worldwide Corporation manufactures, installs, and services 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. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.
Key Insights
Otis Worldwide (OTIS) Stock Information & Key Business Metrics
Market Cap
$35.83 BillionAverage Daily Volume
2,416,249 Shares52-Week Range
$84.25-$106.83Price-Earnings Ratio
25.01Free Cash Flow
$1.32 BillionTotal Outstanding Shares
389.72 Million SharesCEO
Judith F. MarksTotal Employees
72,000Current Dividend
$0.42 Per Share QuarterlyIPO Date
March 18, 2020SIC Description
Electronic & Other Electrical Equipment (no Computer Equip)Headquarters
One Carrier Place, Farmington, CT, 06032