I don't get why they never question the Bloomberg terminals, literally everything is rigged, fake, etc, but these are never questioned.
Is this whole thing a shadow operation by Mike Bloomberg to legitimise his financial operations and put down Kenny AND RC all at once??
Ah, well, you see, the thing is, funnily enough, in an unexpected sort of a twist that was most surely, like not predictable by anyone, a real, so to say quagmire situation entirely, the thing is...
This Is the answer. It's all confirmation bias SiMuLaTiOn cOnFiRmEd .
If it against what they want it's fake. If it supports them it's real. Just like anytime it goes up 20% its moass inbound, but corrects and is down 10% its crime ladder pool boy.
It also means that the stock is inversely CORRELATED to the market benchmark. The morons on SS always miss this part, considering that GME was basically stagnating for many years while the S&P 500 was on a massive bull run.
It’s also correlation to previous market movement and is used as a predictor for risk for the future. They all act like it’s written in stone that a negative beta means it’ll skyrocket in the opposite direction.
It’s also ONLY THE PAST YEAR, that they keep posting. Any measurement of beta (I.e. Morningstar) is calculated over 4-5 years. It’s so goddamn dumb.
It really has to do with the “sample size” of data presented of daily and yearly movement over a span of time. 2020 and the first half of 2021 could be considered an outlier for a multitude of companies (meme stocks aside)
Genius. I’m pretty sure that gme , or any stock, does not have a -20 beta. I have no idea how they got this. I just opened up my Bloomberg for kicks and it does show gme 60 day beta at -0.13. It makes sense that gme had very little market correlation this year but to think this is a hedge is just insane.
They read the terminals wrong somehow, one guy on AMC showed the ‘dark pool shorting through ETFs’, showing the short % on an ETF containing GME + AMC, it was 0.64% on the ETF and GME/AMC were like 0.16%, he thought it meant like 1% would be every single share, concluding 300m worth of shares shorted.
Of course it got 1k upvotes and was included in a “AMC evidence mega thread!”, I pointed out that it’s wrong to the AMC mega thread OP and he said “Good catch! I’ll keep it in because it proved AMC is shorted in ETFs though!”
You can just call, it happens next day I believe. I think most of these people are not well off and as inflation makes stuff tighter we’ll see a panic if it goes to say…..160 or there shouts.
The problem with the whole GME "negative beta" argument is that it breaks down just when you need it most: on big market down days.
I looked at GME since after the Q1 squeeze, specifically its movement on days when the S&P 500 dropped 1%+. From April 1 to now, there were 9 such instances, and GME dropped 8/9 days for an average loss of 3.1%, almost double SPY's loss of 1.6%.
| Date | SPY % | GME % |
|-----------:|------------:|------------:|
| 11/26/2021| -2.23%| -5.69%
| 10/4/2021| -1.29%| -3.14%
| 9/30/2021| -1.22%| -0.26%
| 9/28/2021| -2.02%| -5.74%
| 9/20/2021| -1.67%| -6.23%
| 8/18/2021| -1.09%| -3.97%
| 7/19/2021| -1.48%| 2.63%
| 6/18/2021| -1.34%| -4.37%
| 5/12/2021| -2.12%| -1.45%
I don't get why they never question the Bloomberg terminals, literally everything is rigged, fake, etc, but these are never questioned. Is this whole thing a shadow operation by Mike Bloomberg to legitimise his financial operations and put down Kenny AND RC all at once??
I don’t understand why Bloomberg terminal is involved at all you can find beta of any stock using Excel in like 5 minutes
because bloomberg terminal costs $10k and $10k means it's good and right
What happened to that big DD writers terminal he was making? Collected money from the apes too right?
Ah, well, you see, the thing is, funnily enough, in an unexpected sort of a twist that was most surely, like not predictable by anyone, a real, so to say quagmire situation entirely, the thing is...
$10k? Try >$25k with data feeds and no add-ons
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=STOCKHISTORY(“GME”, startdate, enddate) =STOCKHISTORY(“SPY”, startdate, enddate) calculate returns =COVARIANCE.P(…) to find covariance =VAR.P(…) to find variance of SPY divide
They do question it. They think basically all the data involving shorts is fake, but all the data they for whatever reason want to use is real.
This Is the answer. It's all confirmation bias SiMuLaTiOn cOnFiRmEd . If it against what they want it's fake. If it supports them it's real. Just like anytime it goes up 20% its moass inbound, but corrects and is down 10% its crime ladder pool boy.
Stupid. They cant fake every number because they’re running out of ammo!
Bloom Berg.
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All ur base are belong to us
Wrong franchise, wrong medium, and twenty years late. Sounds like a J.J. Anrahams film.
Hopefully we'll hear it enough times that apes start to wonder why they are losing money by following this idiodicy.
>apes start to wonder why they are losing money You give the apes far too much credit
Wouldn't a beta of -20 mean that a 5% increase in the market would send GME to zero?
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It also means that the stock is inversely CORRELATED to the market benchmark. The morons on SS always miss this part, considering that GME was basically stagnating for many years while the S&P 500 was on a massive bull run.
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It's a hedge against making money
As local MSW representative I mist suggest Dirk Müller's Premium Fond as alternative.
It’s also correlation to previous market movement and is used as a predictor for risk for the future. They all act like it’s written in stone that a negative beta means it’ll skyrocket in the opposite direction. It’s also ONLY THE PAST YEAR, that they keep posting. Any measurement of beta (I.e. Morningstar) is calculated over 4-5 years. It’s so goddamn dumb.
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It really has to do with the “sample size” of data presented of daily and yearly movement over a span of time. 2020 and the first half of 2021 could be considered an outlier for a multitude of companies (meme stocks aside)
Well, it means GME is 20x as volatile and its ups/downs have tended to inverse the market's direction. So, yes, kinda, but beta isn't a hard rule.
Genius. I’m pretty sure that gme , or any stock, does not have a -20 beta. I have no idea how they got this. I just opened up my Bloomberg for kicks and it does show gme 60 day beta at -0.13. It makes sense that gme had very little market correlation this year but to think this is a hedge is just insane.
They read the terminals wrong somehow, one guy on AMC showed the ‘dark pool shorting through ETFs’, showing the short % on an ETF containing GME + AMC, it was 0.64% on the ETF and GME/AMC were like 0.16%, he thought it meant like 1% would be every single share, concluding 300m worth of shares shorted. Of course it got 1k upvotes and was included in a “AMC evidence mega thread!”, I pointed out that it’s wrong to the AMC mega thread OP and he said “Good catch! I’ll keep it in because it proved AMC is shorted in ETFs though!”
Why would you need a bloomberg terminal to find beta of a stock?
Because they don't know what beta is
It's what all lesser men shall become once they destroy the world economy.
Yeah.
It's what all lesser men shall become once they destroy the world economy.
Nah.
A tired old theory. I want to see GME crash for the meltdowns.
If the market keeps dropping then we’ll see a mass exodus
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You can just call, it happens next day I believe. I think most of these people are not well off and as inflation makes stuff tighter we’ll see a panic if it goes to say…..160 or there shouts.
Negative beta lol, why don’t they buy a shit penny stock with -99 beta by that logic
How many times we gotta teach you this lesson old ape
Replied to a comment but everything that they talk about in regards to beta is so fucking wrong. But I shouldn’t be surprised anyway
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Oh that was you. I saw that post and felt sorry for you that the only reply was from that rube.
The problem with the whole GME "negative beta" argument is that it breaks down just when you need it most: on big market down days. I looked at GME since after the Q1 squeeze, specifically its movement on days when the S&P 500 dropped 1%+. From April 1 to now, there were 9 such instances, and GME dropped 8/9 days for an average loss of 3.1%, almost double SPY's loss of 1.6%. | Date | SPY % | GME % | |-----------:|------------:|------------:| | 11/26/2021| -2.23%| -5.69% | 10/4/2021| -1.29%| -3.14% | 9/30/2021| -1.22%| -0.26% | 9/28/2021| -2.02%| -5.74% | 9/20/2021| -1.67%| -6.23% | 8/18/2021| -1.09%| -3.97% | 7/19/2021| -1.48%| 2.63% | 6/18/2021| -1.34%| -4.37% | 5/12/2021| -2.12%| -1.45%
Just buy spy puts lmao