ONEOK Inc (OKE)
Oneok, Inc. is a diversified Fortune 500 energy corporation based in Tulsa, Oklahoma.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 45.71% per annum.
- OKE price at the close of November 20, 2024 was $113.16 and was higher than the top border of the primary price channel by $11.45 (11.26%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 99.66% per annum.
- OKE price at the close of November 20, 2024 was higher than the top border of the secondary price channel by $3.17 (2.88%).
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of OKE price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 15, 2023
End date: November 7, 2024
a = 2.6712
b = 0.0010
s = 0.0339
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 45.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0339) – 1
= 14.54%
May 15, 2023 calculations
Top border of price channel:
Exp(Y874)
= Exp(a + b × X874 + 2 × s)
= Exp(a + b × 1,271 + 2 × s)
= Exp(2.6712 + 0.0010 × 1,271 + 2 × 0.0339)
= Exp(4.0498)
= $57.38
Bottom border of price channel:
Exp(Y874)
= Exp(a + b × X874 – 2 × s)
= Exp(a + b × 1,271 – 2 × s)
= Exp(2.6712 + 0.0010 × 1,271 – 2 × 0.0339)
= Exp(3.9140)
= $50.10
November 7, 2024 calculations
Top border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 + 2 × s)
= Exp(a + b × 1,813 + 2 × s)
= Exp(2.6712 + 0.0010 × 1,813 + 2 × 0.0339)
= Exp(4.6087)
= $100.36
Bottom border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 – 2 × s)
= Exp(a + b × 1,813 – 2 × s)
= Exp(2.6712 + 0.0010 × 1,813 – 2 × 0.0339)
= Exp(4.4730)
= $87.62
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 45.71% per annum.
- OKE price at the close of November 20, 2024 was $113.16 and was higher than the top border of the primary price channel by $11.45 (11.26%).
Secondary Trend
Start date: June 4, 2024
End date: November 20, 2024
a = 1.1798
b = 0.0019
s = 0.0308
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 99.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0308) – 1
= 13.09%
June 4, 2024 calculations
Top border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 + 2 × s)
= Exp(a + b × 1,657 + 2 × s)
= Exp(1.1798 + 0.0019 × 1,657 + 2 × 0.0308)
= Exp(4.3802)
= $79.86
Bottom border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 – 2 × s)
= Exp(a + b × 1,657 – 2 × s)
= Exp(1.1798 + 0.0019 × 1,657 – 2 × 0.0308)
= Exp(4.2572)
= $70.61
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.1798 + 0.0019 × 1,826 + 2 × 0.0308)
= Exp(4.7004)
= $109.99
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.1798 + 0.0019 × 1,826 – 2 × 0.0308)
= Exp(4.5774)
= $97.26
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 99.66% per annum.
- OKE price at the close of November 20, 2024 was higher than the top border of the secondary price channel by $3.17 (2.88%).