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 41.61% per annum.
- OKE price at the close of July 26, 2024 was $82.02 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.67% per annum.
- OKE price at the close of July 26, 2024 was inside the secondary price channel.
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: July 26, 2024
a = 2.6963
b = 0.0010
s = 0.0314
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 41.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0314) – 1
= 13.37%
May 15, 2023 calculations
Top border of price channel:
Exp(Y956)
= Exp(a + b × X956 + 2 × s)
= Exp(a + b × 1,386 + 2 × s)
= Exp(2.6963 + 0.0010 × 1,386 + 2 × 0.0314)
= Exp(4.0803)
= $59.16
Bottom border of price channel:
Exp(Y956)
= Exp(a + b × X956 – 2 × s)
= Exp(a + b × 1,386 – 2 × s)
= Exp(2.6963 + 0.0010 × 1,386 – 2 × 0.0314)
= Exp(3.9548)
= $52.18
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.6963 + 0.0010 × 1,824 + 2 × 0.0314)
= Exp(4.4978)
= $89.82
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.6963 + 0.0010 × 1,824 – 2 × 0.0314)
= Exp(4.3723)
= $79.23
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 41.61% per annum.
- OKE price at the close of July 26, 2024 was $82.02 and was inside the primary price channel.
Secondary Trend
Start date: March 4, 2024
End date: July 26, 2024
a = 3.3982
b = 0.0006
s = 0.0165
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0165) – 1
= 6.82%
March 4, 2024 calculations
Top border of price channel:
Exp(Y1,157)
= Exp(a + b × X1,157 + 2 × s)
= Exp(a + b × 1,680 + 2 × s)
= Exp(3.3982 + 0.0006 × 1,680 + 2 × 0.0165)
= Exp(4.3716)
= $79.17
Bottom border of price channel:
Exp(Y1,157)
= Exp(a + b × X1,157 – 2 × s)
= Exp(a + b × 1,680 – 2 × s)
= Exp(3.3982 + 0.0006 × 1,680 – 2 × 0.0165)
= Exp(4.3056)
= $74.11
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.3982 + 0.0006 × 1,824 + 2 × 0.0165)
= Exp(4.4522)
= $85.81
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.3982 + 0.0006 × 1,824 – 2 × 0.0165)
= Exp(4.3862)
= $80.33
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.67% per annum.
- OKE price at the close of July 26, 2024 was inside the secondary price channel.