Dec
4
The Closing Tens Digit, from Victor Niederhoffer
December 4, 2009 |
It is interesting to contemplate the closing tens digit of the S&P over the last three years. For example, the tens digit of 1075 is 7 and of 1103 is 0.
last digit # of observations
0 73
1 64
2 67
3 76
4 67
5 79
6 74
7 65
8 73
9 59
The average of 70. Standard error about 4.4. Tendency to avoid the neighbors of Mr. Round.
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