Author Topic: Percentage gained  (Read 7890 times)

Shi

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Percentage gained
« on: May 15, 2013, 12:54:01 pm »
Patrick,
I seem to think that there is an error with your percentage calculations on the shares page. Just looking at lament's portfolio, his overall percentage is higher than any of the 2 individual shares he has - technically this is not possible. The overall page's percentage looks right to me. Am I missing something?

Patrick

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Re: Percentage gained
« Reply #1 on: May 15, 2013, 01:13:24 pm »
Patrick,
I seem to think that there is an error with your percentage calculations on the shares page. Just looking at lament's portfolio, his overall percentage is higher than any of the 2 individual shares he has - technically this is not possible. The overall page's percentage looks right to me. Am I missing something?


Sounds logical doesn't it! Fortunately my maths defeats your english  8)

While what you're saying appears to make sense, you need to remember that all the shares weren't bought at once. So if he bought more of a share that was doing well in month 2 of the competition (woolworths in his case), his average cost of that share would have gone up, and his percentage growth on that share gone down. But with the share continuing to rise he would have made more money than if he didn't average up.

I did just this yesterday in reality buying CML in the mid R57 range while my previous purchase was at R47. My percentage gained on CML now looks lower, but my portfolio gain is up in rand terms, and that's where it counts.

Here's the maths for lament:
(562 932.54 - 500 000)/500 000 * 100.

I'll send you a bill for the extra lessons  ;)

Edit:
Ok after all that and I did find a calc error. The % gain on the per share level was underestimating by a small amount. Fortunately that figure isn't used anywhere. It's been fixed, school fees will be refunded  :o
« Last Edit: May 15, 2013, 02:00:33 pm by Patrick »

Orca

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Re: Percentage gained
« Reply #2 on: May 15, 2013, 05:39:03 pm »
What happened to that guy in 1'st place doing 19%? He has just disappeared like in a flash. Was i not SaiyanZ? Now sitting near the bottom with JaDEB?
Would love to know the stock that led to his downfall.
I started here with nothing and still have most of it left.

tgg78703

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Re: Percentage gained
« Reply #3 on: May 16, 2013, 06:39:03 am »
Nutrition I think

gcr

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Re: Percentage gained
« Reply #4 on: May 16, 2013, 10:00:34 am »
Wowee - I see Patrick got to the top of the heap 8)
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Orca

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Re: Percentage gained
« Reply #5 on: May 16, 2013, 10:52:43 am »
I got done in here. Lost 1 day and close to 2% trying to register via android tablet.
Patrick. You owe me 2% boet. :)
I started here with nothing and still have most of it left.

Patrick

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Re: Percentage gained
« Reply #6 on: May 16, 2013, 10:55:38 am »
I got done in here. Lost 1 day and close to 2% trying to register via android tablet.
Patrick. You owe me 2% boet. :)

Haha true, you should be in the top 3, no idea why you couldn't register. You've had a quick climb up the charts now that mta is also performing.

Orca

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Re: Percentage gained
« Reply #7 on: May 16, 2013, 03:53:11 pm »
Patrick. You will notice that holders of a large chunk of CML in their portfolios will drop in their positions in up days like today but in an undecided market they move up.
A phenomenon that I picked up on the other contest. A good month will put me in a satisfactory position and a flatish or bad month will put me on top.
Keep an eye on this.
« Last Edit: May 16, 2013, 03:56:17 pm by Orca »
I started here with nothing and still have most of it left.