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It would seem that the CAGR curve should pass through the latest closing
price. Is the difference due to rounding of the CAGR figure?
Steve
----- Original Message -----
From: "aequalsz" <aequalsz@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 19, 2004 6:55 PM
Subject: [amibroker] Re: Something New?
> OK. I went back to the original method. Works a little better.
>
> a
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "aequalsz" <aequalsz@xxxx> wrote:
> > It looks like some of the tech stocks will have to go into negative
> > numbers to be buy candidates. Do you use extreme high and low points
> > relative to the CAGR curve for the series of curves or other more
> > intermediate points?
> >
> > a
> >
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Steve Almond" <steve2@xxxx> wrote:
> > > I came across a 'new' method of investing whilst perusing the Motley
> > Fool boards (I think a subscription is required - sorry). It's called
> > the BMW system after the inventor's name BuildMWell.
> > > http://boards.fool.com/Message.asp?mid=20414790
> > >
> > > Basically, he takes a long price history (typically 30 years of
> > monthly data) and constructs a series of % CAGR (compound annual
> > growth rate) curves which encompass the data.
> > >
> > > Here is an example (PEP) from, I believe, Excel:
> > >
> > >
> > > The first curve uses today's price and the price 30 years ago to
> > calculate the current CAGR (say 11.3%) which he then draws (manually)
> > on a chart printout.
> > > He simply calculates the price every 5 years assuming an annual
> > 11.3% increase and connects the dots with a French curve!
> > > Similar curves are then drawn to hit the obvious high and low points.
> > >
> > > In this way he invests when the stock is historically 'low'. For
> > example see the above chart about mid 2002.
> > > As you will appreciate, this is not a short term system, but BMW
> > claims not to have had ANY losers since starting in 1999!
> > > The question, of course, is can we draw these curves in AB?
> > >
> > > Thanks,
> > >
> > > Steve
>
>
>
>
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