0KCI Stock | | | 99.85 1.61 1.64% |
ONEOK financial indicator trend analysis is much more than just breaking down ONEOK Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ONEOK Inc is a good investment. Please check the relationship between ONEOK Change To Liabilities and its Capital Expenditures accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Change To Liabilities vs Capital Expenditures
Change To Liabilities vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ONEOK Inc Change To Liabilities account and
Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ONEOK's Change To Liabilities and Capital Expenditures is -0.5. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of ONEOK Inc, assuming nothing else is changed. The correlation between historical values of ONEOK's Change To Liabilities and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Liabilities of ONEOK Inc are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Liabilities i.e., ONEOK's Change To Liabilities and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.5 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Change To Liabilities
Capital Expenditures
Capital Expenditures are funds used by ONEOK Inc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of ONEOK operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from ONEOK's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ONEOK Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about 317.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 13.2
M in 2024.
ONEOK fundamental ratios Correlations
Click cells to compare fundamentals
ONEOK Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ONEOK fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for ONEOK Stock Analysis
When running ONEOK's price analysis, check to
measure ONEOK'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 ONEOK is operating at the current time. Most of ONEOK's value examination focuses on studying past and present price action to
predict the probability of ONEOK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ONEOK's price. Additionally, you may evaluate how the addition of ONEOK to your portfolios can decrease your overall portfolio volatility.