Oneok Inc Stock Chance of Future Stock Price Finishing Under 104.85
| OKE Stock | USD 113.60 1.01 0.90% |
ONEOK |
ONEOK Target Price Odds to finish below 104.85
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 $ 104.85 or more in 90 days |
| 113.60 | 90 days | 104.85 | about 82.55 |
Based on a normal probability distribution, the odds of ONEOK to drop to $ 104.85 or more in 90 days from now is about 82.55 (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 $ 104.85 and its current price of $113.6 at the end of the 90-day period is about 15.19 .
Considering the 90-day investment horizon ONEOK has a beta of 0.57. This indicates as returns on the market go up, ONEOK average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ONEOK Inc will be expected to be much smaller as well. Additionally ONEOK Inc has an alpha of 0.3203, implying that it can generate a 0.32 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ONEOK Price Density |
| Price |
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 | 0.32 | |
β | Beta against Dow Jones | 0.57 | |
σ | Overall volatility | 8.09 | |
Ir | Information ratio | 0.16 |
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 21.76 B in debt with debt to equity (D/E) ratio of 2.27, meaning that the company heavily relies on borrowing funds for operations. ONEOK Inc has a current ratio of 0.81, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for ONEOK to invest in growth at high rates of return. | |
| About 72.0% of ONEOK shares are owned by institutional investors | |
| On 14th of November 2024 ONEOK paid $ 0.99 per share dividend to its current shareholders | |
| Latest headline from fool.com: This High-Yield Dividend Stock Continues Its Wheeling and Dealing With 5.5 Billion of Additional Deals |
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 | 485.4 M | |
| Cash And Short Term Investments | 338 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 21.76 B in debt with debt to equity (D/E) ratio of 2.27, meaning that the company heavily relies on borrowing funds for operations. ONEOK Inc has a current ratio of 0.81, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for ONEOK to invest in growth at high rates of return. | |
| About 72.0% of ONEOK shares are owned by institutional investors | |
| On 14th of November 2024 ONEOK paid $ 0.99 per share dividend to its current shareholders | |
| Latest headline from fool.com: This High-Yield Dividend Stock Continues Its Wheeling and Dealing With 5.5 Billion of Additional Deals |
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ONEOK. If investors know ONEOK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ONEOK listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.192 | Dividend Share 3.96 | Earnings Share 4.72 | Revenue Per Share 34.116 | Quarterly Revenue Growth 0.199 |
The market value of ONEOK Inc is measured differently than its book value, which is the value of ONEOK that is recorded on the company's balance sheet. Investors also form their own opinion of ONEOK's value that differs from its market value or its book value, called intrinsic value, which is ONEOK's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ONEOK's market value can be influenced by many factors that don't directly affect ONEOK's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ONEOK's value and its price as these two are different measures arrived at by different means. Investors typically determine if ONEOK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ONEOK's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.