Oneok, Inc. (OKE) — Stock Correlations & Overview
Over the past year, OKE has moved most closely with EINC, ENFR, USAI. Explore the stocks most correlated and inversely correlated with OKE below, along with its price, financials, and company profile.
Stocks correlated with OKE
Correlation of daily returns. Higher positive values move with OKE; negative values move opposite it. Informational only, not investment advice.
Most correlated with OKE
| Symbol | Company | Correlation |
|---|---|---|
| EINC | VanEck Energy Income ETF | 0.83 |
| ENFR | Alerian Energy Infrastructure ETF | 0.82 |
| USAI | Pacer American Energy Infrastructure ETF | 0.81 |
| ATMP | iPath Select MLP ETN | 0.81 |
| MLPX | Global X MLP & Energy Infrastructure ETF | 0.80 |
Most inversely correlated with OKE
| Symbol | Company | Correlation |
|---|---|---|
| DUG | ProShares UltraShort Energy | -0.74 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.74 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.73 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.68 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.67 |
Frequently asked questions about OKE correlations
- Which stocks are most correlated with OKE?
- Based on one year of daily returns, the stocks most correlated with Oneok, Inc. (OKE) are EINC (0.83), ENFR (0.82) and USAI (0.81). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with OKE?
- Over the past year, the stocks most inversely correlated with Oneok, Inc. (OKE) are DUG (-0.74), ERY (-0.74) and OILD (-0.73). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these OKE correlations calculated?
- We compute the correlation of daily returns between OKE and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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