Scoring for the S&P500 Weekly Comp

This is a discussion on Scoring for the S&P500 Weekly Comp within the The Foyer forums, part of the Off the Grid category; I have set this thread up so we can discuss and agree before start of Q3 any changes to the ...

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Old May 14, 2012, 8:35am   #1
 
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Scoring for the S&P500 Weekly Comp

I have set this thread up so we can discuss and agree before start of Q3 any changes to the competition scoring:

Initial proposal is

a. People would get 1pt for participation
b. People would get 1pt for correct direction
c. Podium continues (3,2,1)
d. Sum the absolute (no - or +) differences
e. Leaderboard constructed from smallest d/(a+b+c)

This would:

i. Rewards participation - the more you play the greater your divisor becomes
ii. Rewards weekly directional accuracy - the more you get this right, the greater your divisor becomes.
ii. Podium rewards accuracy for the week - again the divisor increases with weekly accuracy prowess
iii. Dividing cumulative abs(difference) by number of points rewards long run performance.

All criticism welcome, just throwing this out there.

Link to alternative scoring sheet
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Old May 14, 2012, 7:11pm   #2
 
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Re: Scoring for the S&P500 Weekly Comp

Just a quick note,
Maybe getting an entry in on time should stay a hard fast rule.
If you are late then it's a no go.
Or maybe each could have a single mulligan per quarter.
I have seen people who have a system based on the opening numbers of the day.
I guess it wouldn't be too much of a stretch to do the same thing for the week.

Any who,
Just a thought with out pointing fingers. (After all I was late once myself.)
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Old May 14, 2012, 7:45pm   #3
 
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Re: Scoring for the S&P500 Weekly Comp

robster970 started this thread
Quote:
Originally Posted by hwsteele View Post
Just a quick note,
Maybe getting an entry in on time should stay a hard fast rule.
If you are late then it's a no go.
Or maybe each could have a single mulligan per quarter.
I have seen people who have a system based on the opening numbers of the day.
I guess it wouldn't be too much of a stretch to do the same thing for the week.

Any who,
Just a thought with out pointing fingers. (After all I was late once myself.)
1 mulligan per quarter - I agree.
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Old Jun 16, 2012, 2:45pm   #4
 
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Re: Scoring for the S&P500 Weekly Comp

Quote:
Originally Posted by robster970 View Post
I have set this thread up so we can discuss and agree before start of Q3 any changes to the competition scoring:

Initial proposal is

a. People would get 1pt for participation
b. People would get 1pt for correct direction
c. Podium continues (3,2,1)
d. Sum the absolute (no - or +) differences
e. Leaderboard constructed from smallest d/(a+b+c)

This would:

i. Rewards participation - the more you play the greater your divisor becomes
ii. Rewards weekly directional accuracy - the more you get this right, the greater your divisor becomes.
ii. Podium rewards accuracy for the week - again the divisor increases with weekly accuracy prowess
iii. Dividing cumulative abs(difference) by number of points rewards long run performance.

All criticism welcome, just throwing this out there.

Link to alternative scoring sheet

1. (a) We should have an indicator on how many games played but not award a point for participation?

2. New Suggestion - deduct a point for getting direction wrong?
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Old Jun 16, 2012, 3:02pm   #5
 
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Re: Scoring for the S&P500 Weekly Comp

I'm happy with the scoring to stay as it is. But am always interested to see extra stats on accuracy, bias etc if you have the time.
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Old Jun 16, 2012, 3:49pm   #6
 
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Re: Scoring for the S&P500 Weekly Comp

Quote:
Originally Posted by isatrader View Post
I'm happy with the scoring to stay as it is. But am always interested to see extra stats on accuracy, bias etc if you have the time.
About same for me
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Old Jun 16, 2012, 6:50pm   #7
Joined Jan 2010
Re: Scoring for the S&P500 Weekly Comp

Hi Guys.First off i would like to thankyou all for letting me partake in your weekly competition and a big thankyou for the people who compile all the results.

I'm still celebrating my podium finish from last week and look farward to many more,but lets not forget its only a game.

I enjoy reading the light hearted humour between one another and the roar of laughter everytime i put in my perdiction for the week,but lets not let it get to competitive as at the moment you deserve 10 points just forgetting the direction right.
Total of games played would be nice,point for turning up would amount to the same thing so long as it has its own column and not just added to total score.
But i'm happy how it is.
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