Gallery

Gallery

Chart Description

You can see historical Change Charts below, ending at January 2010. Details appear in the Distribution section of Scatterplot Chart, but in general, the blue and orange arrows represent local average changes in qReturn and pRisk. The blue line of separation roughly marks a division between two regions, of rising return (blue arrows) and falling return (orange). The QC column here reports the reliability of the separation estimate: 10 good, 0 bad.

To emphasize relative local motion, the global average of change for all stocks has been subtracted from the local averages. This global average appears as another arrow, at the upper left of each chart. Contours show the present number density of stocks in qReturn and pRisk coordinates, greatest near the center, on the date shown at the lower left of each chart. The vertical and horizontal straight lines mark the means and standard deviations of the values of qReturn and pRisk for all the stocks for that date. The changes occur during the two months before that date.

Historical Charts

Month	Opportunity to buy*	Line of separation	QC
May, 2007	Rather positive	Steeply up to the left	8
June, 2007	Moderately high	Less steep	8
July, 2007	Neutral	Nearly horizontal	8
August, 2007	Negative	Down to the left	7
September, 2007	Quite negative	Steeply down to the left	8
October, 2007	Negative	Less steep	8
November, 2007	More negative	Steeper	9
December, 2007	Negative	No change	7
January, 2008	Negative	A little less steep	9
February, 2008	Negative	A little less steep	7
March, 2008	More negative	Steeper again	7
April, 2008	Almost neutral	Nearly horizontal	5
May, 2008	Moderately positive	Up to the left	6
June, 2008	Positive	More steeply up to the left	6
July, 2008	Positive	Almost the same steepness	8
August, 2008	Rather positive	More steeply up to the left	7
September, 2008	Quite positive	Even more steeply up to the left	5
October, 2008	Negative	Down to the left	6
November, 2008	Negative	Down to the left	7
December, 2008	Moderately negative	Slightly down to the left	7
January, 2009	Moderately positive	Slightly up to the left	8
February, 2009	Moderately negative	Slightly down to the left	8
March, 2009	More negative	Slightly more down to the left	6
April, 2009	Extremely positive	Steeply up to the left	5
May, 2009	Off the scale!	Rising returns at center right	0
June, 2009	Extremely positive	Steeply up to the left	6
July, 2009	Extremely positive	Steeply up to the left	4
August, 2009	Extremely positive	Steeply up to the left	8
September, 2009	Extremely positive	Steeply up to the left	5
October, 2009	Extremely positive	Steeply up to the left	6
November, 2009	Slightly negative	Gently down to the left	5
December, 2009	Moderately positive	Gently up to the left	2
January, 2010	Moderately positive	Gently up to the left	4

*Technical note: This column used to be "Investor confidence?" but the current description hews more closely to the measurement: stocks with high risk generally are rising more rapidly than stocks with low risk, as to be expected from the Capital Asset Pricing Model.