Otter Income Before Tax from 2010 to 2024

OTTR Stock  USD 76.68  0.08  0.10%   
Otter Tail Income Before Tax yearly trend continues to be relatively stable with very little volatility. Income Before Tax is likely to grow to about 381.7 M this year. During the period from 2010 to 2024, Otter Tail Income Before Tax destribution of quarterly values had range of 362.5 M from its regression line and mean deviation of  99,448,684. View All Fundamentals
 
Income Before Tax  
First Reported
1994-03-31
Previous Quarter
107.6 M
Current Value
104.2 M
Quarterly Volatility
25.4 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Otter Tail financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Otter Tail's main balance sheet or income statement drivers, such as Interest Expense of 39.6 M, Total Revenue of 766.4 M or Gross Profit of 437.9 M, as well as many indicators such as Price To Sales Ratio of 2.78, Dividend Yield of 0.0194 or PTB Ratio of 1.55. Otter financial statements analysis is a perfect complement when working with Otter Tail Valuation or Volatility modules.
  
Check out the analysis of Otter Tail Correlation against competitors.
To learn how to invest in Otter Stock, please use our How to Invest in Otter Tail guide.

Latest Otter Tail's Income Before Tax Growth Pattern

Below is the plot of the Income Before Tax of Otter Tail over the last few years. Income Before Tax which can also be referred as pre-tax income is reported on Otter Tail income statement and is an important metric when analyzing Otter Tail profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability. It is Otter Tail's Income Before Tax historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Otter Tail's overall financial position and show how it may be relating to other accounts over time.
Income Before Tax10 Years Trend
Slightly volatile
   Income Before Tax   
       Timeline  

Otter Income Before Tax Regression Statistics

Arithmetic Mean142,410,830
Geometric Mean101,904,352
Coefficient Of Variation87.41
Mean Deviation99,448,684
Median96,933,000
Standard Deviation124,481,835
Sample Variance15495.7T
Range362.5M
R-Value0.87
Mean Square Error3999.7T
R-Squared0.76
Significance0.000023
Slope24,271,079
Total Sum of Squares216940.2T

Otter Income Before Tax History

2024381.7 M
2023363.5 M
2022357.5 M
2021212.8 M
2020116.1 M
2019104.3 M
201896.9 M

About Otter Tail Financial Statements

Otter Tail shareholders use historical fundamental indicators, such as Income Before Tax, to determine how well the company is positioned to perform in the future. Although Otter Tail investors may analyze each financial statement separately, they are all interrelated. The changes in Otter Tail's assets and liabilities, for example, are also reflected in the revenues and expenses on on Otter Tail's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Income Before Tax363.5 M381.7 M

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 against Otter Stock

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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.
Pair CorrelationCorrelation Matching

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.