Otter Historical Valuation
| OTTR Stock | USD 82.50 0.98 1.17% |
Some fundamental drivers such as market cap or Otter Tail enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Otter Tail valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Otter Tail's future value.
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 manufacturing. About Otter Valuation Data Analysis
Valuation is the financial process of determining what Otter Tail is worth. Otter Tail valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Otter Tail valuation ratios help investors to determine whether Otter Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Otter with respect to the benefits of owning Otter Tail security.
Otter Tail Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as Otter Tail theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Otter Tail debt, but would also pocket its cash. Enterprise Value is more accurate representation of Otter Tail value than its market capitalization because it takes into account all of Otter Tail existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with Otter Tail
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Otter Tail position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Otter Tail will appreciate offsetting losses from the drop in the long position's value.Moving together with Otter Stock
| 0.61 | CODI-PA | Compass Diversified Potential Growth | PairCorr |
| 0.81 | CODI-PB | Compass Diversified | PairCorr |
| 0.78 | CODI-PC | Compass Diversified | PairCorr |
| 0.8 | TTI | Tetra Technologies | PairCorr |
Moving against Otter Stock
| 0.81 | BV | BrightView Holdings | PairCorr |
| 0.8 | AZ | A2Z Smart Technologies | PairCorr |
| 0.74 | TUSK | Mammoth Energy Services | PairCorr |
| 0.65 | AP | Ampco Pittsburgh | PairCorr |
| 0.59 | BOOM | Dmc Global | PairCorr |
The ability to find closely correlated positions to Otter Tail could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Otter Tail when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Otter Tail - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Otter Tail to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Otter Tail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Otter Tail moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Otter Tail can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.