|
|
Post by Chris-C on Jan 9, 2021 18:51:35 GMT -5
A few days ago I asked if anyone else perceived a pattern whereby MNKD was up when the broader market (DJI) was Lower, and vice-versa? (I realize not everyone would agree with using the DJI as proxy for overall market performance/direction; but my question speculated on the presence and magnitude of any relationship). The sentiment from those few replying ranged from agreement to doubt. One knowledgeable observer noted that humans are "wired" to recognize patterns even when they are not particularly relevant. If you're interested, evolutionary biologists explain the pattern recognition tendency here
Anyway, I calculated the relationship between daily closing prices on the Dow and those of Mannkind for 2020. I was anticipating at least a modest inverse correlation based on my selective observation. I was wrong. It was a modest direct correlation. It turns out that the Pearson correlation coefficient between DJI and MNKD in 2020 was .70. While this is a statistically significant value; in correlational terms, it's fairly modest. It shows that 49% of the variation in MNKD stock could be "explained" by the direction of the DOW in 2020. The reasons for this are unknown, but may have to do with general market sentiment affecting many stocks on a given day, or perhaps even sector movement. Here's my take away: I'm not going to pay attention to it anymore. Data show that there is NOT a mysterious inverse relationship between MNKD and the general market (or at least last year there wasn't). |
|
|
|
Post by cjm18 on Jan 9, 2021 19:38:00 GMT -5
|
|
|
|
Post by letitride on Jan 9, 2021 21:29:32 GMT -5
I have pattern recognition. I recognize I keep buying more shares of Mannkind
Lets Go!
|
|
|
|
Post by peppy on Jan 9, 2021 21:34:18 GMT -5
A few days ago I asked if anyone else perceived a pattern whereby MNKD was up when the broader market (DJI) was Lower, and vice-versa? (I realize not everyone would agree with using the DJI as proxy for overall market performance/direction; but my question speculated on the presence and magnitude of any relationship). The sentiment from those few replying ranged from agreement to doubt. One knowledgeable observer noted that humans are "wired" to recognize patterns even when they are not particularly relevant. If you're interested, evolutionary biologists explain the pattern recognition tendency here
Anyway, I calculated the relationship between daily closing prices on the Dow and those of Mannkind for 2020. I was anticipating at least a modest inverse correlation based on my selective observation. I was wrong. It was a modest direct correlation.
It turns out that the Pearson correlation coefficient between DJI and MNKD in 2020 was .70. While this is a statistically significant value; in correlational terms, it's fairly modest. It shows that 49% of the variation in MNKD stock could be "explained" by the direction of the DOW in 2020. The reasons for this are unknown, but may have to do with general market sentiment affecting many stocks on a given day, or perhaps even sector movement. Here's my take away: I'm not going to pay attention to it anymore. Data show that there is NOT a mysterious inverse relationship between MNKD and the general market (or at least last year there wasn't). Chris, both are correct depending on the year/years. During Sanofi, and after sanofi, "whereby MNKD was up when the broader market (DJI) was Lower, and vice-versa?" this was true. About a year ago, a few months ago, things changed and MNKD started trading more in line with the market futures. Making this true. "It was a modest direct correlation" I can not tell you how many times the thought, "MNKD is trading with the futures" has gone through my mind in the past few months. Pep |
|
|
|
Post by letitride on Jan 9, 2021 21:41:32 GMT -5
I agree Peppy Mannkind is the future.
|
|
|
|
Post by letitride on Jan 9, 2021 21:45:14 GMT -5
Lets Go!
|
|
|
|
Post by myocat on Jan 10, 2021 9:16:15 GMT -5
I agree Peppy Mannkind is the future. When I bought my first position in 2013, I was thinking MNKD is the future. Future is a relative term. |
|
|
|
Post by uvula on Jan 13, 2021 15:33:56 GMT -5
I wonder what the correlation is between positive vibes on this message board and the share price.
For example, everyone here is giddy about all the recent great news, but the share price keeps drifting downward.
|
|
|
|
Post by mymann on Jan 13, 2021 16:02:15 GMT -5
Only thing that's going to keep the sp where it is going to be a partnership news. Anything else is just shorts making money.
|
|
|
|
Post by cretin11 on Jan 14, 2021 8:11:28 GMT -5
I wonder what the correlation is between positive vibes on this message board and the share price. For example, everyone here is giddy about all the recent great news, but the share price keeps drifting downward. That would be a fun one to chart. Pretty sure it’s a strong inverse correlation. 🤣 |
|
|
|
Post by sportsrancho on Jan 14, 2021 10:29:35 GMT -5
I wonder what the correlation is between positive vibes on this message board and the share price. For example, everyone here is giddy about all the recent great news, but the share price keeps drifting downward. That would be a fun one to chart. Pretty sure it’s a strong inverse correlation. 🤣 ...lately it’s hard to figure out what anybody’s talking about so since I have limited time I now only check the posts that are written by people I understand:-) |
|
|
|
Post by mymann on Jan 14, 2021 12:45:33 GMT -5
Sp goes up on Thursday when Friday script # are decent. That's my pattern.
|
|
|
|
Post by novafett on Jan 14, 2021 15:14:26 GMT -5
I've been feeling like MNKD is much more volatile lately. I'm not sure if my feelings are true and don't have the time to figure it out. I also think maybe i feel like the SP is more volatile when it may just be that the SP is higher so the swings feel greater? No idea, just curious and verbally (typewise) processing lol.
|
|
