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! ]
- Forums
- ASX - By Stock
- gold just went through $900 us
ROBANDCOLL,Thanks for the kind words. Re my last comment, I've...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CQT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online