Snapshots of NZX Returns (UpicT)

The power of slicing .... time to get to work with the felt marker on those pictures


Slicing is a powerful feature to help sophisticated users evaluate quotations and to identify and exploit cyclic patterns. It is also slightly dangerous ..(a 'handle with care' feature) that requires a fairly deep appreciation of the market and the issues around financial returns computation. In proper deployment multiple slices must usually be taken, and often repeated multiple times, and so slicing is only available through subscription to the on-line dynamic UpicT tool site ... (coming your way soon!). If you are interested in a subscription you can read about that aspect here


The user nominates a different opening-date, or different closing-date, or both, to get a "slice". For all intents and purposes there are almost countless many such slices that may be nominated, and so care must be exercised in choosing the slices to take, that is, to make them meaningful. Starting with wider scoped slices, one may proceed to hone in on areas of interest with more finely grained, more narrowly scoped, slices.


Because each slice has its own unique catchment of returns, and consequently its own rate of returns, the slicing can be directed to identifying subsets of attractively positive rates within mid-scoped sections whose return rates overall are quite flat. And, in the case where those mid-scoped sections are repetitive, a cyclical pattern is identified and may be pegged down for future application. Whereas in purely numerical theoretical terms this monster of cyclic activity might never be practically located (the age old problem of combinatorial explosion finally defeating the best efforts), when combined with the visual heuristics of UpicT and the power of slicing, it becomes an exercise of quite different dimensions, far more manageable dimensions. Best of all, the visual aspects make it obvious when to abandon fruitless searches, which is just what the purely numerical computations can probably never do no matter how good they may be ..(otherwise known as the curious "Halting Problem" -- that is, the problem of discovering when to halt a process that is going nowhere useful ... FAQ Q-11).


For more detail on slices you might like to read up on some of the usage hints given on the hints page ....here.