Oct

5

 As of Friday, mining stocks make up the lowest proportion of the broader ASX 200 ( Australian Stock Index ) since modern records began.

One often sees hysterical market commentary such as:

"Market 'X' trades at the lowest or highest level since such and such a date"

In and of themselves such statements are best ignored.

One wonders, however, if it might not prove of some nourishment to test future expectations of sub components within broader indices based on, for example, if the dub component currently resides in the lowest or highest decile as a percentage of the broader index.

One is far from being a single stock specialist but straight off the bat I can see trouble with the fact that one is not measuring like with like and companies fall into and out of the sub- index.

Regardless, it can be tested against randomness/ throwing darts towards a dart board.

(Or a picture of the Captain of the English Rugby team in anticipation of their drubbing by Australia,  who are, incidentally and pound for pound, the greatest sporting nation in the history of Carbon based life. And YES that does include you America.)


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