Market Report - Company upgrades (day 3) - not so terrible

Day 1,632, 03:31 • Published in USA Canada • by Wilhem Klink

The inter-day numbers from Day 1631 market prices indicated that today's (Day 1632) opening prices would be down. However, that wasn't the case as prices rallied to present a not terrible picture. Of course that may be analogous to the Waterworld review of "It Doesn't Suck", but its better than the alternative.

Raw materials do suck as they put together another decline pushing the Raw Material Index down to 55.56, tying a record low.

The lower half of food (Q1-Q3) improves while the upper half drops which nets out to a slight rally in prices as the Food Index rebounds from its record low of Day 1631 moving up .84 to 79.88.

The extremes of weapons (Q1 & Q6) loose significant ground while the middle raise prices off of yesterday's bottom, but the loses win out as the Weapon Index slips to 78.19, off .47.

The Wage Index holds steady at 96.95.

Gold continues to increase in price moving the Gold Index to a near-record of 128.13, up 1.75

The graph:


A closer look at the last 10-days


The 1600 AU Index
Based off of the amount of gold a player could earn in a year by working at market wage, selling 20 weapons, 200 food (both Q6) and 1750 raw materials (split 50/50 food/weapons) the 1600 AU Index slides once again as increased gold, flat wages, offset the very minor improvements in prices. The 1600 AU Index rests at 275.04.



And the last 10 days for a closer look


Moving Averages

For those unfamiliar with a "moving average", in the following charts, The blue line represents the market price at 3:00 eRep time. The red line in the 5-day moving average (average of the last 5-days) of market prices. What that tells us is whether prices are trending downward (the market price is below the moving average) or trending higher (the market price is above the moving average).

Back to the low-end today (Q1 & Q2)
Food's up

And Q2

Both rebounded off the lows on Day 1631, with Q2 pulling back to "normal" prices as indicated by the moving average

Now batting: Weapons




Q1 held out one day longer but then got pulled into loses. Q2 starts a rebound, but is still far below its 5-day moving average, aprice level it held for 8 straight days.

And the bonus graph is wages. Even with the pause today, wages are running far above their 5-day moving average.




Note: prices are reflective of a percentage of Day 1600's price (Hence the "1600 Index"). In other words if an index is quoted at 88, that days price is 88% of the price on Day 1600.

Methodology on prices: prices are taken at 3:00 eRep time. The price is the average price of buying 1,000 Raw materials, 500 Food, 100 weapons (at each quality level), and 8 gold, plus the market wage less any fraction of cc (so 240, rather than 240.1). All qualities are standardized to Q1 (per hit or per health).

Sic transit gloria mundi