Otter Tail Correlations

OTTR Stock

USD 80.58 0.93 1.17%

The current 90-days correlation between Otter Tail and NorthWestern is 0.48 (i.e., Very weak 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

Very weak diversification

The correlation between Otter Tail and DJI is 0.55 (i.e., Very weak 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 against Otter Stock

0.66	BIP-PA	Brookfield Infrastructure	Pair Corr
0.64	BIP-PB	Brookfield Infrastructure	Pair Corr
0.59	SO	Southern	Pair Corr
0.45	D	Dominion Energy	Pair Corr
0.41	ED	Consolidated Edison	Pair Corr
0.39	AY	Atlantica Sustainable	Pair Corr
0.36	ALE	Allete Inc	Pair Corr
0.36	BIP	Brookfield Infrastructure	Pair Corr
0.33	MNTK	Montauk Renewables Upward Rally	Pair Corr
0.32	VGAS	Verde Clean Fuels	Pair Corr
0.31	NI	NiSource	Pair Corr
0.64	CMS	CMS Energy	Pair Corr
0.58	CMS-PB	Consumers Energy	Pair Corr
0.54	BEP	Brookfield Renewable	Pair Corr
0.53	CMS-PC	CMS Energy	Pair Corr
0.49	CNP	CenterPoint Energy	Pair Corr
0.46	ATO	Atmos Energy	Pair Corr
0.46	CEG	Constellation Energy Corp	Pair Corr
0.42	AGR	Avangrid	Pair Corr
0.4	AEE	Ameren Corp	Pair Corr

Related Correlations Analysis

	NWE	AVA	BKH	ELP	ALE	MNTK	AES	BIP	BIP-PB
NWE		0.3	0.7	0.04	0.4	0.14	0.45	0.52	0.73	NWE
AVA	0.3		0.21	0.58	-0.35	-0.51	0.4	-0.32	-0.29	AVA
BKH	0.7	0.21		-0.4	0.72	-0.14	-0.24	0.5	0.4	BKH
ELP	0.04	0.58	-0.4		-0.78	-0.39	0.72	-0.66	-0.25	ELP
ALE	0.4	-0.35	0.72	-0.78		0.29	-0.53	0.69	0.51	ALE
MNTK	0.14	-0.51	-0.14	-0.39	0.29		0.1	0.66	0.65	MNTK
AES	0.45	0.4	-0.24	0.72	-0.53	0.1		-0.07	0.31	AES
BIP	0.52	-0.32	0.5	-0.66	0.69	0.66	-0.07		0.72	BIP
BIP-PB	0.73	-0.29	0.4	-0.25	0.51	0.65	0.31	0.72		BIP-PB
	NWE	AVA	BKH	ELP	ALE	MNTK	AES	BIP	BIP-PB

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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-PB	+ 0.73	NWE
ALE	+ 0.72	BKH
AES	+ 0.72	ELP
BIP-PB	+ 0.72	BIP
BKH	+ 0.7	NWE
BIP	+ 0.69	ALE

High negative correlations

ALE	- 0.78	ELP
BIP	- 0.66	ELP
AES	- 0.53	ALE
MNTK	- 0.51	AVA
ELP	- 0.4	BKH
MNTK	- 0.39	ELP

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	0.81	0.02	(0.01)	0.11	1.03	(0.83)	1.58	(2.04)	5.30
AVA	0.94	(0.01)	(0.06)	0.04	1.09	(1.02)	2.11	(2.08)	4.74
BKH	0.83	0.08	0.06	0.20	0.64	(1.02)	2.11	(1.31)	4.11
ELP	1.25	(0.22)	0.00	(2.29)	0.00	0.00	3.08	(2.43)	10.78
ALE	0.23	0.02	(0.23)	0.21	0.04	(0.28)	0.54	(0.35)	1.38
MNTK	2.62	(0.18)	0.00	(0.05)	0.00	0.00	4.73	(5.22)	25.57
AES	1.88	(0.32)	0.00	0.76	0.00	0.00	2.73	(3.87)	18.47
BIP	1.05	0.05	0.04	0.13	1.14	(1.13)	2.95	(1.70)	6.89
BIP-PB	1.06	0.04	(0.02)	0.23	1.19	(1.10)	2.35	(2.08)	5.61

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

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