Otter Tail Corporation Q3 2023 Earnings Call Transcript
| OTTR Stock | USD 80.64 0.24 0.30% |
Slightly above 56% of Otter Tail's investor base is looking to short. The analysis of overall sentiment of trading Otter Tail stock suggests that many investors are alarmed at this time. Otter Tail's investing sentiment overview a quick insight into current market opportunities from investing in Otter Tail. Many technical investors use Otter Tail stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Otter Tail Corporation Q3 2023 Earnings Call Transcript October 31, 2023 Operator Good morning, and welcome to Otter Tail Corporations Third Quarter 2023 Earnings Conference Call. Todays call is being recorded. We will hold a question-and-answer session after the prepared remarks. I will now turn the call over to the company for their opening
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Otter Tail Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Otter Tail can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Otter Tail Fundamental Analysis
We analyze Otter Tail's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Otter Tail using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Otter Tail based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Asset
Current Asset Comparative Analysis
Otter Tail is currently under evaluation in current asset category among its peers. Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Otter Tail Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Otter Tail stock to make a market-neutral strategy. Peer analysis of Otter Tail could also be used in its relative valuation, which is a method of valuing Otter Tail by comparing valuation metrics with similar companies.
Peers
Otter Tail Related Equities
| BIP-PB | Brookfield Infrastructure | 1.32 | ||||
| NWE | NorthWestern | 0.95 | ||||
| BIP-PA | Brookfield Infrastructure | 0.73 | ||||
| AES | AES | 0.38 | ||||
| AVA | Avista | 0.23 | ||||
| BKH | Black Hills | 0.20 | ||||
| ALE | Allete | 0.02 | ||||
| MNTK | Montauk Renewables | 0.23 | ||||
| BIP | Brookfield Infrastructure | 1.07 | ||||
| ELP | Companhia Paranaense | 2.56 |
Additional Tools for Otter Stock Analysis
When running Otter Tail's price analysis, check to measure Otter Tail's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Otter Tail is operating at the current time. Most of Otter Tail's value examination focuses on studying past and present price action to predict the probability of Otter Tail's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Otter Tail's price. Additionally, you may evaluate how the addition of Otter Tail to your portfolios can decrease your overall portfolio volatility.