Other Talk "Otterville" plus Religion/Politics

Please show the gas price vs. DJIA comparison

Old 05-27-05, 07:41 AM
  #1  
DVD Talk Gold Edition
Thread Starter
 
Join Date: Jul 2003
Location: Im somewhere where I dont know where I am.
Posts: 2,074
Please show the gas price vs. DJIA comparison

I dont know how to overlay these two charts on top of each other, but was really curious to see how the national gas price average looks on top of the DJIA stock index chart, paticularly for the past year or so.

Could anyone do this and post a pic? Thanks kindly

Skiblet
skiblet is offline  
Old 05-27-05, 12:08 PM
  #2  
DVD Talk Legend
 
Join Date: Aug 1999
Location: Chicago, IL
Posts: 17,205
Somebody with a Bloomberg terminal should be able to easily do this.
ChiTownAbs, Inc is offline  
Old 05-27-05, 12:39 PM
  #3  
DVD Talk God
 
Deftones's Avatar
 
Join Date: Oct 1999
Location: Arizona
Posts: 74,767
Is the DJIA going down lately? Gas is.
Deftones is offline  
Old 05-27-05, 01:12 PM
  #4  
DVD Talk God
 
kvrdave's Avatar
 
Join Date: Aug 1999
Location: Pacific NW
Posts: 86,201
Originally Posted by Deftones
Is the DJIA going down lately? Gas is.
It is doing okay the past few, but was going down. Really it has been stable for quite some time.
kvrdave is offline  
Old 05-27-05, 02:09 PM
  #5  
DVD Talk Hero
 
El Scorcho's Avatar
 
Join Date: Jun 2000
Location: Portland, OR
Posts: 39,628


El Scorcho is offline  
Old 05-27-05, 02:23 PM
  #6  
DVD Talk Godfather
 
The Bus's Avatar
 
Join Date: Aug 2001
Location: New York
Posts: 54,851


Is it just me or is there no consistent pattern?
The Bus is offline  
Old 05-27-05, 02:26 PM
  #7  
DVD Talk Legend
 
Mordred's Avatar
 
Join Date: Jan 2000
Location: Austin, TX
Posts: 12,212
At first it appears there's no pattern, but then it appears that a lot of the big increases in gas prices seem to coorespond to decreases in the DJIA and vice versa. Now whether there's any actual coorelation there I don't know, but there does appear to be an effect.
Mordred is offline  
Old 05-27-05, 03:01 PM
  #8  
DVD Talk Hero
 
El Scorcho's Avatar
 
Join Date: Jun 2000
Location: Portland, OR
Posts: 39,628
You would expect the two graphs to be inversely proportional, but they're not, except for the dead center starting around 11/1/04 when the oil prices dipped from $55 -> ~ $40 and the DJIA went from 9750 to 10750.
El Scorcho is offline  
Old 05-27-05, 03:12 PM
  #9  
DVD Talk Legend
 
Nick Danger's Avatar
 
Join Date: Mar 2001
Location: Albuquerque
Posts: 22,360
I don't think that's a long enough timeline to see anything. Both the DJIA and oil futures are subject to blips at that scale. I think it would be more useful to see if over something like 35 years, in constant dollars. That would capture the oil shocks in the 70s. But it would be a lot of work.
Nick Danger is offline  
Old 05-27-05, 03:15 PM
  #10  
DVD Talk Legend
 
Join Date: Aug 1999
Location: Chicago, IL
Posts: 17,205
Somebody run an R^2 on the two items going back to early 90s. I'm willing to bet there is an strong inverse relationship.
ChiTownAbs, Inc is offline  
Old 05-27-05, 03:15 PM
  #11  
DVD Talk Legend
 
Join Date: Jun 1999
Location: USA
Posts: 12,244
Originally Posted by skiblet
I dont know how to overlay these two charts on top of each other, but was really curious to see how the national gas price average looks on top of the DJIA stock index chart, paticularly for the past year or so.

Could anyone do this and post a pic? Thanks kindly

Skiblet
For what period of time?

What is the weighting of the corresponding indices supposed to be? Comparing the Dow 30 Average to a gallon of (what type) gas will show what exactly?
Brian Shannon is offline  
Old 05-27-05, 04:46 PM
  #12  
DVD Talk Legend
 
Join Date: Aug 1999
Location: Chicago, IL
Posts: 17,205
Originally Posted by Brian Shannon
For what period of time?

What is the weighting of the corresponding indices supposed to be? Comparing the Dow 30 Average to a gallon of (what type) gas will show what exactly?
I believe it will show that as the price of oil goes up, the DJIA will move inversely. Actually, I think S&P 500 would be a better index.
ChiTownAbs, Inc is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Thread Tools
Search this Thread

Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.