FRST vs OTTR: Correlation
How closely do Primis Financial Corp. (FRST) and Otter Tail Corporation (OTTR) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRST and OTTR?
Across a 3-year window, the weekly returns of FRST and OTTR correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.52 over 3 years. Stretching to 5 years gives 0.38, with an annualized covariance of 458.6 %².
Among the 11 assets we track against FRST, OTTR ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FRST ahead by 35.5 points (+46.2% versus +10.7%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FRST vs OTTR: side by side
| FRST (Primis Financial Corp.) | OTTR (Otter Tail Corporation) | |
|---|---|---|
| 1-year return | +46.2% | +10.7% |
| 5-year return | +26.9% | +88.2% |
| Volatility (ann.) | 33.3% | 26.7% |
| Beta vs S&P 500 | 0.88 | 0.57 |
| Max drawdown (3Y) | -39.3% | -27.1% |
| Market cap | $0.4B | $3.8B |
| P/E (trailing) | 7.4 | 19.9 |
| Dividend yield | 2.48% | 2.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRST | OTTR |
|---|---|---|
| 2022 | -18.8% | -15.6% |
| 2023 | +11.5% | +48.1% |
| 2024 | -4.7% | -11.2% |
| 2025 | +23.9% | +12.3% |
| 2026 | +16.9% | +15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRST and OTTR good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FRST and OTTR?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.23 over the last year and 0.38 over 5 years.
Is OTTR a good diversifier for FRST?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frst-vs-ottr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frst-vs-ottr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRST correlations · OTTR correlations
