0KCI Stock | | | 99.85 1.61 1.64% |
ONEOK financial indicator trend analysis is much more than just breaking down ONEOK Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ONEOK Inc is a good investment. Please check the relationship between ONEOK Total Stockholder Equity and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Stockholder Equity vs Retained Earnings
Total Stockholder Equity vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ONEOK Inc Total Stockholder Equity account and
Retained Earnings. At this time, the significance of the direction appears to have no relationship.
The correlation between ONEOK's Total Stockholder Equity and Retained Earnings is 0.02. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of ONEOK Inc, assuming nothing else is changed. The correlation between historical values of ONEOK's Total Stockholder Equity and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of ONEOK Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Stockholder Equity i.e., ONEOK's Total Stockholder Equity and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.02 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from ONEOK's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ONEOK Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about 317.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 13.2
M in 2024.
ONEOK fundamental ratios Correlations
Click cells to compare fundamentals
ONEOK Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ONEOK fundamental ratios Accounts
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 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.