OTTER TAIL CORP significantly underperformed on Friday. It delivered -1.05% to close at 50.67. On a day when the overall market breadth was 35%, it closed higher than 75% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
OTTR showed a bullish trend over the last 3 months. During this period OTTR increased by +3.94% and saw a maximum drawdown of -8.16%. There was a long signal during this period which returned +6.76%.
OTTR has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 4 Jan, 2016 to 12 Dec, 2018. Over the last 2 years 11 months and 10 days, OTTR outperformed the SP500 index on 52% days.
During the last three months OTTR was mostly profitable and delivered on average +0.07% per day. It's best return during this period (of +5.26%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -3.19%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 2 Nov, 2018 and went on till 8 Nov, 2018. This bullish trend returned +8.01% to investors.
The last 12 months saw OTTR's investors making profits in 7 months and incurring losses in 5 months. OTTR was less consistent in delivering monthly returs than SP500 index. OTTR significantly outperformed SP500 index in Mar 2018, when it returned +8.92% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. OTTR had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
When you stop chasing the wrong things you give the right things a chance to catch you.
-- Lolly Daskal
OTTR is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in OTTR's volatility from 17 Sep, 2018 to 12 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that OTTR has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
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