Otter Tail Corp (OTTR) Correlation Distribution
Across 6,809 rolling correlation observations between Otter Tail Corp (OTTR) and other NASDAQ-listed stocks, 37.5% are positive and 62.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.156, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.5% and strong negative correlations (≤−0.7) for 20.7%.
- Total observations
- 6,809
- Mean correlation
- -0.156
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.5%
- Strong positive (≥0.7)
- 10.5%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 20 | 0.3% | |
| -0.9 to -0.8 | 696 | 10.2% | |
| -0.8 to -0.7 | 695 | 10.2% | |
| -0.7 to -0.6 | 639 | 9.4% | |
| -0.6 to -0.5 | 638 | 9.4% | |
| -0.5 to -0.4 | 373 | 5.5% | |
| -0.4 to -0.3 | 373 | 5.5% | |
| -0.3 to -0.2 | 284 | 4.2% | |
| -0.2 to -0.1 | 284 | 4.2% | |
| -0.1 to 0.0 | 253 | 3.7% | |
| 0.0 to 0.1 | 252 | 3.7% | |
| 0.1 to 0.2 | 232 | 3.4% | |
| 0.2 to 0.3 | 232 | 3.4% | |
| 0.3 to 0.4 | 229 | 3.4% | |
| 0.4 to 0.5 | 229 | 3.4% | |
| 0.5 to 0.6 | 331 | 4.9% | |
| 0.6 to 0.7 | 331 | 4.9% | |
| 0.7 to 0.8 | 352 | 5.2% | |
| 0.8 to 0.9 | 352 | 5.2% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of OTTR?
Otter Tail Corp (OTTR) has an average correlation of about -0.156 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OTTR positively correlated with other stocks?
Not predominantly — 37.5% of pairs are positive and 62.5% are negative. Strong positive correlations (≥0.7) make up 10.5%.
What is the most common correlation range for OTTR?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 22.6% of all pairs.
Explore the full interactive correlation distribution for OTTR.
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