One of the main things I've been focusing on lately is creating a few compositions the track the growth and cycles of various formats in the coming months.
Today, I will be walking you through the compositions that I use and check on a daily basis and where I get the numbers from. Note that all of these are changed promptly at 12:00 am PST everyday.
"Standard Rares & Mythics - Averages" (^St-RM-A) - This first one is created by using the sum of averages from every Standard-legal set's highest priced rare and mythic cards (top 10 for small sets, top 15 for large sets). This is a pretty valuable one for analysing the overall health and growth of the market and is also useful later on in conjunction with some other compositions. The higher it goes, the more expensive the value of Standard is at that moment.
"Standard Rares & Mythics - Lows" (^St-RM-L) - This one is actually found in the same way as the last one with just one difference; using the sum of the lowest prices of the same cards to get an accurate read on the growth, decline, or stagnation of the market prices for the most valuable, Standard-legal cards. And much like the last one, the higher it goes, the more expensive the value of Standard is at that moment.
"Standard Rares & Mythics - Averages minus Lows" (^St-RM-AL) - This one a combination of the two previous to measure the difference between the averages (^St-RM-A) and the lows (^St-RM-L). The close the value gets to zero, the closer we are to a trough in the cycle (low prices due to low demand).
"Set Name Rares & Mythics - Averages" (^xyz-RM-A) - This next one is the same sort of information you get from the (^St-RM-A) with the exception that this specifically measures an individual set and its meta-game impact on Standard. In the symbol, "xyz" is replaced with the three character set name found in the bottom left corner of each card with the new border (M15-present). Higher value show a high impact set, while low values show a low impact set.
"Set Name Rares & Mythics - Lows" (^xyz-RM-L) - This one is essentially the same with the exception of using lows instead of averages with the same idea of high values equaling high impact sets and low values equaling low impact sets.
There are also several others that can be useful but these are, I believe, the most useful ones for people who trade casually.
I'm interested to hear what you have to say, and let me know if you have any questions.
Thanks for the support and happy hunting.
- Jay
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