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The REWARD_CLASS_PRICEMOVEMENT_MISCELLANEOUS is comprised of the following elements:
The first value measures the valuation that should be assigned to an imminent dividend - e.g., is there an extra value inherent in capturing a near-term dividend that is not captured by effect of a near-term dividend on yield? The second value assigns a valuation to the tendency of an issue to revert to its historical norm in terms of price.
The following graph shows the relationship between the value of REWARD_CLASS_PRICEMOVEMENT_MISCELLANEOUS and the ultimate valuation that HIMIPref™ assigns to each instrument:
| Regression Analysis |
| Intercept |
3.2619 ± 4.0918 |
| Slope |
0.8121 ± 2.9291 |
| Regression Sum of Squares |
81.7952 |
| Residual Sum of Squares |
1064.1253 |
| R Squared |
0.0714 |
| F Statistic |
3.1515 |
| Rejection Threshold (SDev) |
3.00 |
| Rejection Count |
4 |
| Observation Count |
84 |
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