CQT 0.00% 51.5¢ conquest mining limited

gold just went through $900 us, page-7

  1. 486 Posts.
    ROBANDCOLL,
    Thanks for the kind words. Re my last comment, I've rerun the regression of CQT's 12-month price history as f(daily COMEX gold price). For statistic-lovers, here are the results:

    ================================================

    Regression Statistics
    Multiple R 0.456835759
    R Square 0.20869891
    Adjusted R Square 0.205429071
    Standard Error 0.115558479
    Observations 244

    ================================================

    To measure 'explanatory power,' I always focus on the R SQUARE. In layman's terms, this regression means roughly that the COMEX daily gold price (in US$) explains about 20.9:% of the variation in CQT's share price. (Guru level statisticians will undoubtedly quibble with that interpretation, but I reckon it's better to be roughly right rather than wrong with perfect accuracy!)

    So that leaves almost 80% of CQT's share price movements attributable to other factors. Note that this regression indicates a greater relationship (20% vs 15%) compared to the last time I ran it, but it's still only [ 2 x the tip of the iceberg! ]
 
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