ONEOK (Brazil) Chance of Future Stock Price Finishing Under 216.95
| O1KE34 Stock | BRL 327.28 57.66 21.39% |
ONEOK |
ONEOK Target Price Odds to finish below 216.95
The tendency of ONEOK Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to R$ 216.95 or more in 90 days |
| 327.28 | 90 days | 216.95 | near 1 |
Based on a normal probability distribution, the odds of ONEOK to drop to R$ 216.95 or more in 90 days from now is near 1 (This ONEOK Inc probability density function shows the probability of ONEOK Stock to fall within a particular range of prices over 90 days) . Probability of ONEOK Inc price to stay between R$ 216.95 and its current price of R$327.28 at the end of the 90-day period is close to 99 .
Assuming the 90 days trading horizon ONEOK Inc has a beta of -0.79. This indicates as returns on the benchmark increase, returns on holding ONEOK are expected to decrease at a much lower rate. During a bear market, however, ONEOK Inc is likely to outperform the market. Additionally ONEOK Inc has an alpha of 0.7107, implying that it can generate a 0.71 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ONEOK Price Density |
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Predictive Modules for ONEOK
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ONEOK Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.ONEOK Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ONEOK is not an exception. The market had few large corrections towards the ONEOK's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ONEOK Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ONEOK within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.71 | |
β | Beta against Dow Jones | -0.79 | |
σ | Overall volatility | 14.77 | |
Ir | Information ratio | 0.14 |
ONEOK Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ONEOK for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ONEOK Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ONEOK Inc has accumulated 12.75 B in total debt with debt to equity ratio (D/E) of 2.44, implying the company greatly relies on financing operations through barrowing. ONEOK Inc has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist ONEOK until it has trouble settling it off, either with new capital or with free cash flow. So, ONEOK's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ONEOK Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ONEOK to invest in growth at high rates of return. When we think about ONEOK's use of debt, we should always consider it together with cash and equity. |
ONEOK Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ONEOK Stock often depends not only on the future outlook of the current and potential ONEOK's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ONEOK's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 446.1 M |
ONEOK Technical Analysis
ONEOK's future price can be derived by breaking down and analyzing its technical indicators over time. ONEOK Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ONEOK Inc. In general, you should focus on analyzing ONEOK Stock price patterns and their correlations with different microeconomic environments and drivers.
ONEOK Predictive Forecast Models
ONEOK's time-series forecasting models is one of many ONEOK's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ONEOK's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about ONEOK Inc
Checking the ongoing alerts about ONEOK for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ONEOK Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ONEOK Inc has accumulated 12.75 B in total debt with debt to equity ratio (D/E) of 2.44, implying the company greatly relies on financing operations through barrowing. ONEOK Inc has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist ONEOK until it has trouble settling it off, either with new capital or with free cash flow. So, ONEOK's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ONEOK Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ONEOK to invest in growth at high rates of return. When we think about ONEOK's use of debt, we should always consider it together with cash and equity. |
Additional Information and Resources on Investing in ONEOK Stock
When determining whether ONEOK Inc is a strong investment it is important to analyze ONEOK's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ONEOK's future performance. For an informed investment choice regarding ONEOK Stock, refer to the following important reports:Check out ONEOK Backtesting, ONEOK Valuation, ONEOK Correlation, ONEOK Hype Analysis, ONEOK Volatility, ONEOK History as well as ONEOK Performance. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.