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S&P 500
5,815.26
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-0.76%
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US TECH 100
19,654.00
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0.10%
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42,740.42
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Qarel

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Qarel

Re: lostcowboy post# 213

Thursday, 05/01/2003 8:26:25 AM

Thursday, May 01, 2003 8:26:25 AM

Post# of 62520
Going from, say 34%, to 1.34 is called 'converting to multiplier format'. A quick illustration why you need multiplier format:

The average of +50% and -50% is 0%.

Now with real money! start with $1000, +50% makes $1500, then -50% makes $750. Oops!

Multiplier format gives 1.5 * .5 = .75, or 75%. Looks about right!

Regards,

Karel
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