ONEOK (Brazil) Market Value
| O1KE34 Stock | BRL 327.28 57.66 21.39% |
| 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.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in ONEOK on May 31, 2024 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 180 days. ONEOK is related to or competes with Bemobi Mobile, HDFC Bank, Metalurgica Gerdau, Mitsubishi UFJ, SVB Financial, Tyson Foods, and Lloyds Banking. ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural ga... 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.
| Information Ratio | 0.1447 | |||
| Maximum Drawdown | 18.77 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 1.02 |
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 | 0.1475 | |||
| Jensen Alpha | 0.7107 | |||
| Total Risk Alpha | 0.0766 | |||
| Treynor Ratio | (0.78) |
ONEOK Inc Backtested Returns
ONEOK appears to be out of control, given 3 months investment horizon. ONEOK Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting ONEOK's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please evaluate ONEOK's Coefficient Of Variation of 547.13, risk adjusted performance of 0.1475, and Mean Deviation of 1.32 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ONEOK holds a performance score of 14. The company holds a Beta of -0.79, which implies possible diversification benefits within a given portfolio. 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. Please check ONEOK's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to make a quick decision on whether ONEOK's historical price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
ONEOK Inc has below average predictability. Overlapping area represents the amount of predictability between ONEOK time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 2024. 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 0.32 indicates that nearly 32.0% of current ONEOK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 202.26 |
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 |
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 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 Correlation, ONEOK Volatility and ONEOK Alpha and Beta module to complement your research on ONEOK. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
ONEOK technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.