Analysis of Strange Tales (ST) issues 101 to 168



Amazingly Secret Approach Using an Incredibly Novel Data Analysis Procedure for Comic Book Investing and Speculation. 

 Analysis of Strange Tales (ST) issues 101 to 168

Introduction and Material and Methods

      In order to isolate potential key issues to focus my investing efforts on, I used a data analysis approach based on established values from two collecting universes within in the entire run of the silver age Strange Tales (ST issues 101 to 168), I gathered value data from a variety of sources representing both serious investors (Insiders – I) and not serious investors (Outsiders-O).

This data is current as on 3/2015. I choose to keep my methodology and data gathering proprietary at this time but am giving my readers a simplified representation of my data that I currently use for my analysis leading to my decisions.


Results - Strange Tales (ST issues 101 to 168)

Table 1. Bias Scores (B SCORE) of All Issues in the Run

      Using the data based on that described in the introduction, I calculated the I/O bias (B Score) between the two groups and adjusted those scores to account for the extreme issue(s) (ST 110). Very high insider bias is denoted with dark purple (range 258 to 40) and high bias is denoted using light purple (range 16 to 4). Minus numbers reflect a bias by the unsophisticated outsider group while positive numbers reflect bias by the sophisticated insider group. I have denoted the issues that have the insider bias with a dark grey fill-in.

      The data suggests a bias does exist and invites a deeper focus (see Tables 2 and 3). I think these data show promise for bias analysis and that surprisingly no extremes exist in issue values biased to outsiders’ opinions. That finding may need further thought.


  Issue
 B Score

Issue
    

Issue
B Score
B Score
#101
74

#123
-5

#146
-11
#102
40

#124
-9

#147
-11
#103
6

#125
-8

#148
-10
#104
-4

#126
4

#149
-11
#105
-4

#127
-6

#150
-10
#106
8

#128
-6

#151
-9
#107
9

#129
-8

#152
-10
#108
0

#130
-6

#153
-10
#109
-7

#131
-9

#154
-10
#110
258

#132
-7

#155
-10
#111
10

#133
-8

#156
-10
#112
-3

#134
-7

#157
-11
#113
-5

#135
5

#158
-10
#114
0

#136
-9

#159
-8
#115
15

#137
-4

#160
-10
#116
-6

#138
-10

#161
-10
#117
-6

#139
-11

#162
-10
#118
-5

#140
-11

#163
-10
#119
16

#141
-10

#164
-10
#120
0

#142
-10

#165
-10
#121
-6

#143
-11

#166
-10
#122
14

#144
-10

#167
-10



#145
-10

#168
-10


Table 2.  I/O SLN numbers calculated for issues 101 to 135.

      In order to begin this deeper analysis I developed a measure called SLN. The SLN looks at the slope of the values in both the I/O databases from 9.4 to 6 conditions. Table 1 shows the SLN values between issues 101 to 135. After issue 135 very little is of current interest.

Issue
Insiders
Outsiders

Issue
Insiders
Outsiders
#101
9.8
5.0

#119
2.8
1.0
#102
5.6
2.5

#120
1.3
1.1
#103
2.2
2.5

#121
0.6
0.6
#104
1.2
2.5

#122
2.6
0.6
#105
1.2
2.5

#123
0.6
0.6
#106
2.2
2.2

#124
0.4
0.6
#107
2.9
3.8

#125
0.5
1.6
#108
1.5
2.2

#126
2.2
1.7
#109
0.8
2.2

#127
0.6
0.6
#110
37.9
29.9

#128
0.6
0.6
#111
2.8
3.2

#129
0.3
0.6
#112
1.1
1.6

#130
0.7
1.1
#113
0.9
1.6

#131
0.3
0.6
#114
1.8
3.2

#132
0.5
0.6
#115
3.7
3.9

#133
0.4
0.6
#116
0.8
1.3

#134
0.5
0.6
#117
0.7
1.1

#135
2.2
3.0
#118
0.8
1.0





      As I look across the data landscape, I have to focus on issue 110, which is the first Dr Strange appearance. Clearly it is the star of the show in this run. I see that the SLN numbers are near but the insiders are valuing it more that outsiders (37.9 vs. 29.9). Next I focus your attention onto the issues that insiders are valuing higher vs. the outside group: issues 101 (I/O-9.8 to 5.0), 102 (I/O 5.6 to 2.5), 119 (I/O 2.8 to 1.0), 122 (2.6 to 0.6) and 126 (2.2 to 1.7). In fact as you look from 101 to 118, we see that by taking out 101,102,106,110 and 115, all the remaining issues are valued higher across the grades by the outsiders vs. the insiders. (I note that extreme high grades equal or above 9.4 are always going to be valued greatly by both groups just due to the rarity). Both issue 115 and 135 are prized by both groups but valued higher in the outsiders group. Green denotes I to O bias while Red denotes the opposite.

In conclusion based on this data, I suggest the green issues are the investment targets to focus on the highest grades possible while the red issues are targets for much less focus. 






Table 3. Adjusted Average Differences of I/O Data at Selected Grades

                  Given the I/O differences in the data across grades (data not shown), I focused on the average of those differences between the I and O data. I adjusted these averages to normalize the numbers to allow a sharper clarity in the results. That data is presented in Table 3. $ represents I bias while x represents O bias.

Issue
  9.4 ADF
8 ADF
6 ADF

Issue
9.4 ADF
8 ADF
6 ADF

Issue
9.4 ADF
8 ADF
6 ADF
#101
$
$
$

#123
x
x
x

#146
x
x
x
#102
$
x
x

#124
x
x
x

#147
x
x
x
#103
$
x
x

#125
x
x
x

#148
x
x
x
#104
x
x
x

#126
$
$
$

#149
x
x
x
#105
x
x
x

#127
x
x
x

#150
x
x
x
#106
$
x
x

#128
x
x
x

#151
x
x
x
#107
$
x
x

#129
x
x
x

#152
x
x
x
#108
x
x
x

#130
x
x
x

#153
x
x
x
#109
x
x
x

#131
x
x
x

#154
x
x
x
#110
$
$
$

#132
x
x
x

#155
x
x
x
#111
$
x
x

#133
x
x
x

#156
x
x
x
#112
x
x
x

#134
x
x
x

#157
x
x
x
#113
x
x
x

#135
$
x
x

#158
x
x
x
#114
x
x
x

#136
x
x
x

#159
x
x
x
#115
$
$
$

#137
x
x
x

#160
x
x
x
#116
x
x
x

#138
x
x
x

#161
x
x
x
#117
x
x
x

#139
x
x
x

#162
x
x
x
#118
x
x
x

#140
x
x
x

#163
x
x
x
#119
$
x
x

#141
x
x
x

#164
x
x
x
#120
x
x
x

#142
x
x
x

#165
x
x
x
#121
x
x
x

#143
x
x
x

#166
x
x
x
#122
$
x
x

#144
x
x
x

#167
x
x
x





#145
x
x
x

#168
x
x
x

         Analysis of the Table 3 data revealed that I/O data in Table 1 and 2 might not reflect the whole truth. It can be seen that 4 issues are favored across the three grade levels by the I crowd (101, 110, 115 and 126). In contrast, 8 issues show only the I/O bias by the insider investors in the Grade of 9.4 (102, 103, 106, 107, 111, 119 122, 135). In the other grades of 8 and 6 are favored by the unsophisticated outsiders. Finally an outsider’s bias exists in all the other issues in the run. This data may reflect the insiders’ opinions and buying habits.

Based on this data, I would conclude one might focus on the 4 dark purple denoted issues in the lesser cheaper grades while the lighter purple issues would those you should focus on only in highest grades or not at all. Other issues are not recommended for a focus effort at this time. Note this table may be of greater usage and certainly suggests a different approach, as did the data in Table 2

Legend for Focusing on Table 3’s Data

$ $ $ ----- I-bias is strong across the grades                     High Focus

$ $ x ----- I-bias is stronger in the higher grades                 Mid Focus     
$ x $ ----- I-bias is only in the high grade 9.4                 
$ x x ----- I-bias is only in the high grade 9.4                
x $ $ ----- Some I-bias but not in the high grade             

x x $ ----- Some I-bias but not in the high grade                Light/Low Focus
x $ x ----- Some I-bias but not in the high grade              

x x x ----- O-bias across all grades                                     No Focus

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