Otter Tail Stock Market Value
| OTTR Stock | USD 88.22 0.65 0.73% |
| Symbol | Otter |
Otter Tail Price To Book Ratio
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Otter Tail. If investors know Otter will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Otter Tail listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.188 | Dividend Share 1.78 | Earnings Share 7.28 | Revenue Per Share 32.553 | Quarterly Revenue Growth 0.024 |
The market value of Otter Tail is measured differently than its book value, which is the value of Otter that is recorded on the company's balance sheet. Investors also form their own opinion of Otter Tail's value that differs from its market value or its book value, called intrinsic value, which is Otter Tail's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Otter Tail's market value can be influenced by many factors that don't directly affect Otter Tail's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Otter Tail's value and its price as these two are different measures arrived at by different means. Investors typically determine if Otter Tail is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Otter Tail's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Otter Tail 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Otter Tail's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Otter Tail.
| 03/13/2024 |
| 06/11/2024 |
If you would invest 0.00 in Otter Tail on March 13, 2024 and sell it all today you would earn a total of 0.00 from holding Otter Tail or generate 0.0% return on investment in Otter Tail over 90 days. Otter Tail is related to or competes with Home Federal, IF Bancorp, MediaAlpha, Merck, Chevron Corp, Masco, and BlackRock. Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe bus... More
Otter Tail Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Otter Tail's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Otter Tail upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0395 | |||
| Maximum Drawdown | 6.99 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 2.38 |
Otter Tail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Otter Tail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Otter Tail's standard deviation. In reality, there are many statistical measures that can use Otter Tail historical prices to predict the future Otter Tail's volatility.| Risk Adjusted Performance | 0.0349 | |||
| Jensen Alpha | 0.0499 | |||
| Total Risk Alpha | 0.0481 | |||
| Sortino Ratio | 0.0429 | |||
| Treynor Ratio | 0.104 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Otter Tail's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Otter Tail Backtested Returns
We consider Otter Tail very steady. Otter Tail maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Otter Tail, which you can use to evaluate the volatility of the company. Please check Otter Tail's Risk Adjusted Performance of 0.0349, coefficient of variation of 2064.66, and Semi Deviation of 1.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Otter Tail has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of 0.48, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Otter Tail's returns are expected to increase less than the market. However, during the bear market, the loss of holding Otter Tail is expected to be smaller as well. Otter Tail right now holds a risk of 1.24%. Please check Otter Tail downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Otter Tail will be following its historical price patterns.
Auto-correlation | 0.52 |
Modest predictability
Otter Tail has modest predictability. Overlapping area represents the amount of predictability between Otter Tail time series from 13th of March 2024 to 27th of April 2024 and 27th of April 2024 to 11th of June 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Otter Tail price movement. The serial correlation of 0.52 indicates that about 52.0% of current Otter Tail price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 4.48 |
Otter Tail lagged returns against current returns
Autocorrelation, which is Otter Tail stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Otter Tail's stock expected returns. We can calculate the autocorrelation of Otter Tail returns to help us make a trade decision. For example, suppose you find that Otter Tail has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Otter Tail regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Otter Tail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Otter Tail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Otter Tail stock over time.
Current vs Lagged Prices |
| Timeline |
Otter Tail Lagged Returns
When evaluating Otter Tail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Otter Tail stock have on its future price. Otter Tail autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Otter Tail autocorrelation shows the relationship between Otter Tail stock current value and its past values and can show if there is a momentum factor associated with investing in Otter Tail.
Regressed Prices |
| Timeline |
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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.