Otter Tail Correlations

OTTR Stock

USD 83.38 0.36 0.43%

The current 90-days correlation between Otter Tail and NorthWestern is 0.65 (i.e., Poor diversification). The correlation of Otter Tail is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Otter Tail Correlation With Market

Modest diversification

The correlation between Otter Tail and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Otter Tail and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Otter Tail. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Otter Stock, please use our How to Invest in Otter Tail guide.

Moving together with Otter Stock

0.84	SPLP-PA	Steel Partners Holdings	Pair Corr
0.69	BOOM	Dmc Global	Pair Corr
0.76	G	Genpact Limited	Pair Corr
0.83	DE	Deere Company	Pair Corr
0.81	EH	Ehang Holdings	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.74	KC	Kingsoft Cloud Holdings Earnings Call Today	Pair Corr
0.74	LZ	LegalZoom	Pair Corr
0.74	MG	Mistras Group	Pair Corr
0.61	PC	Premium Catering	Pair Corr

Moving against Otter Stock

0.8	BW	Babcock Wilcox Enter	Pair Corr
0.74	BV	BrightView Holdings	Pair Corr
0.65	MDU	MDU Resources Group	Pair Corr
0.59	J	Jacobs Solutions	Pair Corr
0.56	TUSK	Mammoth Energy Services	Pair Corr
0.66	OP	Oceanpal	Pair Corr
0.65	GP	GreenPower Motor	Pair Corr
0.6	CW	Curtiss Wright	Pair Corr
0.57	IR	Ingersoll Rand	Pair Corr
0.56	NX	Quanex Building Products	Pair Corr
0.5	FA	First Advantage Corp	Pair Corr
0.46	OC	Owens Corning	Pair Corr
0.42	DY	Dycom Industries	Pair Corr
0.41	NL	NL Industries	Pair Corr
0.31	HY	Hyster Yale Materials	Pair Corr

Related Correlations Analysis

	NWE	AVA	BKH	ELP	ALE	MNTK	AESC	AES	BIP	BIP-PB
NWE		0.81	0.55	0.61	0.72	-0.6	0.0	-0.29	-0.55	-0.04	NWE
AVA	0.81		0.77	0.64	0.69	-0.73	0.0	-0.14	-0.62	0.13	AVA
BKH	0.55	0.77		0.63	0.48	-0.49	0.0	-0.11	-0.22	0.37	BKH
ELP	0.61	0.64	0.63		0.83	-0.32	0.0	-0.6	-0.16	-0.09	ELP
ALE	0.72	0.69	0.48	0.83		-0.27	0.0	-0.68	-0.25	-0.19	ALE
MNTK	-0.6	-0.73	-0.49	-0.32	-0.27		0.0	-0.25	0.87	-0.22	MNTK
AESC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	AESC
AES	-0.29	-0.14	-0.11	-0.6	-0.68	-0.25	0.0		-0.2	0.27	AES
BIP	-0.55	-0.62	-0.22	-0.16	-0.25	0.87	0.0	-0.2		-0.03	BIP
BIP-PB	-0.04	0.13	0.37	-0.09	-0.19	-0.22	0.0	0.27	-0.03		BIP-PB
	NWE	AVA	BKH	ELP	ALE	MNTK	AESC	AES	BIP	BIP-PB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BIP	+ 0.87	MNTK
ALE	+ 0.83	ELP
AVA	+ 0.81	NWE
BKH	+ 0.77	AVA
ALE	+ 0.72	NWE
ALE	+ 0.69	AVA

High negative correlations

MNTK	- 0.73	AVA
AES	- 0.68	ALE
BIP	- 0.62	AVA
AES	- 0.6	ELP
MNTK	- 0.6	NWE
BIP	- 0.55	NWE

Risk-Adjusted Indicators

There is a big difference between Otter Stock performing well and Otter Tail Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Otter Tail's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NWE	1.13	0.16	0.14	0.36	1.47	(1.14)	2.32	(2.57)	7.16
AVA	1.02	0.15	0.13	0.34	1.52	(1.01)	2.36	(3.47)	6.64
BKH	0.91	0.03	0.06	(0.01)	1.36	(0.88)	1.58	(2.11)	7.57
ELP	1.71	0.31	0.15	0.61	2.24	(1.72)	3.42	(4.03)	8.80
ALE	0.22	0.03	0.39	0.32	0.20	(0.22)	0.50	(0.48)	1.28
MNTK	4.08	(0.78)	0.00	(1.03)	0.00	0.00	7.25	(10.21)	30.69
AESC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AES	2.08	0.03	0.00	(0.05)	0.00	0.00	4.49	(4.24)	15.11
BIP	1.39	(0.17)	0.00	(0.26)	0.00	0.00	3.18	(3.39)	8.95
BIP-PB	0.75	(0.01)	0.00	(0.13)	0.00	0.00	1.58	(1.70)	5.40

Otter Tail Corporate Executives

Elected by the shareholders, the Otter Tail's board of directors comprises two types of representatives: Otter Tail inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Otter. The board's role is to monitor Otter Tail's management team and ensure that shareholders' interests are well served. Otter Tail's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Otter Tail's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Kevin Moug	CFO, Principal Accounting Officer, Sr. VP and Treasurer	Profile
	Todd Wahlund	VP CFO	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC