Which stocks are most correlated with OTIS?

Based on one year of daily returns, the stocks most correlated with Otis Worldwide Corporation (OTIS) are LGLV (0.58), SDY (0.57) and TMDV (0.57). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with OTIS?

Over the past year, the stocks most inversely correlated with Otis Worldwide Corporation (OTIS) are DRV (-0.42), SRS (-0.42) and REK (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

Otis Worldwide Corporation (OTIS) — Stock Correlations & Overview

Over the past year, OTIS has moved most closely with LGLV, SDY, TMDV. Explore the stocks most correlated and inversely correlated with OTIS below, along with its price, financials, and company profile.

Stocks correlated with OTIS

Correlation of daily returns. Higher positive values move with OTIS; negative values move opposite it. Informational only, not investment advice.

Most correlated with OTIS

Symbol	Company	Correlation
LGLV	State Street SPDR US Large Cap Low Volatility Index ETF	0.58
SDY	State Street SPDR S&P Dividend ETF	0.57
TMDV	ProShares Russell US Dividend Growers ETF	0.57
ITW	Illinois Tool Works Inc.GENERAL INDUSTRIAL MACHINERY & EQUIPMENT	0.56
VSDA	VictoryShares Dividend Accelerator ETF	0.56

Most inversely correlated with OTIS

Symbol	Company	Correlation
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.42
SRS	ProShares UltraShort Real Estate	-0.42
REK	ProShares Short Real Estate	-0.41
EMTY	ProShares Decline of the Retail Store ETF	-0.40
SIJ	ProShares UltraShort Industrials	-0.39

Frequently asked questions about OTIS correlations

Which stocks are most correlated with OTIS?: Based on one year of daily returns, the stocks most correlated with Otis Worldwide Corporation (OTIS) are LGLV (0.58), SDY (0.57) and TMDV (0.57). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with OTIS?: Over the past year, the stocks most inversely correlated with Otis Worldwide Corporation (OTIS) are DRV (-0.42), SRS (-0.42) and REK (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these OTIS correlations calculated?: We compute the correlation of daily returns between OTIS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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