ONEOK (UK) Market Value
| 0KCI Stock | 98.29 1.94 1.94% |
| Symbol | ONEOK |
ONEOK 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ONEOK's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ONEOK.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in ONEOK on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding ONEOK Inc or generate 0.0% return on investment in ONEOK over 30 days. ONEOK is related to or competes with Universal Display, Playtech Plc, Cairn Homes, Cairo Communication, Pets At, Synthomer Plc, and Aeorema Communications. More
ONEOK Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ONEOK's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ONEOK Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0077 | |||
| Maximum Drawdown | 11.32 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 3.33 |
ONEOK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ONEOK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ONEOK's standard deviation. In reality, there are many statistical measures that can use ONEOK historical prices to predict the future ONEOK's volatility.| Risk Adjusted Performance | 0.0456 | |||
| Jensen Alpha | 0.0853 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0072 | |||
| Treynor Ratio | (3.90) |
ONEOK Inc Backtested Returns
Currently, ONEOK Inc is very steady. ONEOK Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.0476, which implies the firm had a 0.0476 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ONEOK Inc, which you can use to evaluate the volatility of the company. Please check ONEOK's Mean Deviation of 1.49, semi deviation of 2.06, and Risk Adjusted Performance of 0.0456 to confirm if the risk estimate we provide is consistent with the expected return of 0.0939%. ONEOK has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -0.0215, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ONEOK are expected to decrease at a much lower rate. During the bear market, ONEOK is likely to outperform the market. ONEOK Inc currently holds a risk of 1.97%. Please check ONEOK Inc mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if ONEOK Inc will be following its historical price patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
ONEOK Inc has very good reverse predictability. Overlapping area represents the amount of predictability between ONEOK time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ONEOK Inc price movement. The serial correlation of -0.67 indicates that around 67.0% of current ONEOK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 17.51 |
ONEOK Inc lagged returns against current returns
Autocorrelation, which is ONEOK stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ONEOK's stock expected returns. We can calculate the autocorrelation of ONEOK returns to help us make a trade decision. For example, suppose you find that ONEOK has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ONEOK regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ONEOK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ONEOK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ONEOK stock over time.
Current vs Lagged Prices |
| Timeline |
ONEOK Lagged Returns
When evaluating ONEOK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ONEOK stock have on its future price. ONEOK autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ONEOK autocorrelation shows the relationship between ONEOK stock current value and its past values and can show if there is a momentum factor associated with investing in ONEOK Inc.
Regressed Prices |
| Timeline |
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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.