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Gold/Mining/Energy : The Great Canadian Stock Contest (Q3)
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To: B. Thomson who wrote (405)9/20/1997 10:21:00 PM
From: Stox   of 496
 
Calculation of standings:

In response to a request concerning how I calculate the standings I
thought I'd explain how easy it is to update and track your
performance.

Simply calculate the percentage gain(loss) for each of your stocks
comparing the closing prices at the end of the quarter to the begining
of the quarter (i.e. Sept30 vs June 30 for the Q3 contest). Add up
the percentages and divide by 5.

Now someone recently asked me if they were to add up the prices of
their stocks on June 30 and compare to the total of their prices on
Sept 30 would they get the same result. NO you would not because this
method would not give equal weighting to each of your 5 stocks. The
higher priced stocks would skew your actual performance.

For example:

Let's say your five stocks are as follows
June 30 Sept 30 Chg %Chg
0.40 0.40 0 0
0.40 0.40 0 0
0.40 0.40 0 0
0.40 0.40 0 0
100.00 150.00 50.00 50.0%
----------------------------------
101.60 151.60 50.00 49.2%

The above method places a huge weighting on the performance
of the highest price stock unfairly. The actual average is:

(0+0+0+0+50)/5 = 10%

Hope this clarifies things.
el
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