ONEOK INC Market Value
| 682680BB8 | 85.30 6.46 7.04% |
| 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 bond 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.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in ONEOK on June 3, 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 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. 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 bond 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 | (0.11) | |||
| Maximum Drawdown | 19.24 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.07 |
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 | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.28) |
ONEOK INC Backtested Returns
At this point, ONEOK is very steady. ONEOK INC maintains Sharpe Ratio (i.e., Efficiency) of 0.0231, which implies the entity had a 0.0231% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for ONEOK INC, which you can use to evaluate the volatility of the bond. Please check ONEOK's Mean Deviation of 0.8124, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,065) to confirm if the risk estimate we provide is consistent with the expected return of 0.038%. The bond holds a Beta of 0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ONEOK's returns are expected to increase less than the market. However, during the bear market, the loss of holding ONEOK is expected to be smaller as well.
Auto-correlation | -0.38 |
Poor reverse predictability
ONEOK INC has poor reverse predictability. Overlapping area represents the amount of predictability between ONEOK time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 -0.38 indicates that just about 38.0% of current ONEOK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 2.26 |
ONEOK INC lagged returns against current returns
Autocorrelation, which is ONEOK bond'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 bond 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 bond 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ONEOK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ONEOK bond 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 bond 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 bond 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.Other Information on Investing in ONEOK Bond
ONEOK financial ratios help investors to determine whether ONEOK Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ONEOK with respect to the benefits of owning ONEOK security.