Inside the Trading Room
The latest and greatest news, articles and thoughts from the Sporttrade team.
April 24th, 2023
The Pittsburgh Pirates are Dominating the Sporttrade MLB Power Index
The Sporttrade MLB Power Index allows you to see how teams are performing relative to market expectations on a daily, weekly and season long basis. Is the public missing out on a profitable team? Are they bullish on a lineup that's losing them money?
How do we calculate a team's MLBI? The MLB Power Index (Team Value) shows how much money you would be positive or negative in dollars (commission included) if you purchased one share of a team per game. This index will be updated over the course of a season following each day’s games and will be represented using the MLBI value.
In the link below, you'll find several other indicators to help you bet better on baseball. Additionally, we'll post the week's best and worst performers. Through two weeks, the top performers are:
Pittsburgh Pirates: Yearly ROI 51.35%, MLBI $537.10
Tampa Bay Rays: Yearly ROI 36.11%, MLBI $500.53
Milwaukee Brewers: Yearly ROI 33.96%, MLBI $376.47
The worst performers are:
Oakland Athletics: Yearly ROI -50.94%, MLBI -$410.10
Kansas City Royals: Yearly ROI -44.58%, MLBI -$397.41
Colorado Rockies: Yearly ROI -37.29%, MLBI -$352.91
The Pirates torrid week saw them go undefeated (7-0) while increasing their ROI 12.89% in just one week. Unsurprisingly, their MLBI increased in value $234.61.
MLB Power Index Key:
Team Name: MLB Team Name associated with the index value
Symbol: MLB Team Ticker associated with the index value
Previous Day MLBI (T-2): Closing MLBI Team Value 2 sessions prior, (over a 2 day period)
Current MLBI (T-1): The most recent closing MLBI Team Value one session prior (inclusive of the most recent games completed).
T-2 Cost: Total cost of 1 share bought every game over the course of the season two sessions ago
T-1 Cost: Total cost of 1 share bought every game over the course of the season one session ago
Season ROI: % ROI you would achieve over the course of the season based on the total investment(T-1 Cost)
Dollar Change: Most recent MLBI value change (Current MLBI (T-1) - Previous Day MLBI (T-2)
MLBI Season TV High: High point for Team Value per team over the course of the season
MLBI Season TV Low: Low point for Team Value per team over the course of the season
MLBI Daily ROI: % increase or decrease between the second to last session and the last session (Current MLBI (T-1) - Previous Day MLBI (T-2) / T-1 Cost)
Volume: Total shares bought for positive team outcome