Forum Archive Index - June 2002

[Phyllis Bergquist <phyl@clear.net.nz>]

Rockbottom
Last month  STANZ devoted their meeting to comparing several systems.
If you belong I am sure you could obtain a copy of the results.     I didn't
go to the mtg as I was not well enough.    I wd really like to have gone -
an interesting subject indeed.   Phyllis.
----- Original Message -----
From: "Rockbottom" <rockbottom@ihug.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, June 10, 2002 12:11 PM
Subject: Re: [sharechat] Systems


> I have always been interested in what makes the sharemarket tick and have
> tried a number of times to come up with systems to compare one company
with
> another with the view to putting them in order of preference to assist
> buy/sell decisions.
>
> About 4 years ago I spent Christmas holidays at home and spent a hundred
or
> so hours analysing old financial accounts and putting the results in a
> spreadsheet. Some of  the easier to explain factors were share price,
> earnings per share, dividends per share, Imputation rates, Net assets per
> share. These and others were also projected into the future for 4 years.
> There are over 30 bits of  information held for  each company and about 40
> NZ and Oz companies analysed to a greater or  lesser extent.
>
> Then I carried out a statistical analysis to get the weighting for each
> variable.
>
> So much for the theory, how did it work?
>
> Some of the shares in  the top 10 made significant gains and also some
> significant losses. Some of the shares at the bottom  were bolters.
> However by investing in the companies in the top half you would do
> significantly better than by investing in the bottom half.
>
> The system provides relativity between the shares in the table. As the
share
> prices change, the order of the shares change on the list. It almost has a
> life of its own!
>
> Looking forward to hearing details of other systems.
>
> Regards
>
> Rockbottom
>
>
>
>
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