Galactic Average math

Quantis Trap

Quantis Trap
I know that prices f commodities can vary greatly depending on the states of the controlling faction at a station and the amount you're selling relative to demand, but why does the galactic average fluctuate wildly also?

Here is a an example I experienced in the same station an hour ago when the daily update happened. I was, of course, a bit bummed that I didn't sell all of the LTDs quicker, but that's not the thing that annoys me.

Before the update:
cRQUIC6.png

After the update:
byI7dYg.png


What annoys me is the not understanding how the galactic average (the last number on the lines after the wavy equals) works!

How the hell is that a "galactic average" when it fluctuates like that?
 
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Factabulous

Factabulous
CMDR QUANTIS TRAP said:
I know that prices f commodities can vary greatly depending on the states of the controlling faction at a station and the amount your selling but why does the galactic average fluctuate wildly also?

Here is a an example I experienced in the same station an hour ago when the daily update happened. I was, of course, a bit bummed that I didn't sell all of the LTDs quicker, but that's not the thing that annoys me.

Before the update:
cRQUIC6.png

After the update:
byI7dYg.png


What annoys me is the not understanding how the galactic average (the last number on the lines after the wavy equals) works!

How the hell is that a "galactic average" when it fluctuates like that?
Click to expand...
Interesting. Don't those green squiggles normally mean you're comparing to a market rather than looking at the average?

Meh no - gal av does that too. Now someone has to explain bulk tax to him :)
 
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Quantis Trap

Quantis Trap
777Driver said:
Cmdrs are dumping millions of tons into the market, prices will fluctuate wildly. Currently, there is a high demand station offering 1.6mill cr/t
Click to expand...
Yes, but that's not the point of the thread. The galactic average and the fact that it simply isn't a galactic average at all, is my point. I don't think it's even a system sector average or whatever average.
 
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777Driver

777Driver
CMDR QUANTIS TRAP said:
Yes, but that's not the point of the thread. The galactic average and the fact that it simply isn't a galactic average at all, is my point.
Click to expand...

From my understanding, it takes the max & minimum prices known by your onboard computer. I take it you want an average based on all recent visited ports in the galaxy? Use Inara - 307087 average at the moment, that will obviously change as cmdrs update data.
 

Quantis Trap

Quantis Trap
I bet you're right. That's utterly useless! The column should no longer be called galactic average.

It's kinda shameful that third part tools do a better job than the game itself, but that's been the case for years in various aspects of the game.
 
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777Driver

777Driver
CMDR QUANTIS TRAP said:
I bet you're right. That's utterly useless! The column should no longer be called galactic average.

It's kinda shameful that third part tools do a better job than the game itself, but that's been the case for years in various aspects of the game.
Click to expand...

It wouldn't make sense to include all stations, the cmdr needs to know the average of stations he has data for.

The devs could include an Inara gods eye view, but I don't think that was ever the intention, we see all the market data in online tools because cmdrs are all uploading there individual data.

What you see in the commodity market, is your ships data, updated as you visit markets.

I used to take a light fast high jump range ship, filter system states and gather data, then sell outside of inara for a better profit (with EDMC disabled on my computer to prevent sharing locations) it's much more tricky these days as more states get added.
 

Sapyx

Sapyx
That last number isn't the "galactic average price". It's the "amount of profit you would be making on these goods, if you had bought them at the average price". It's kind of a useless statistic for mined goods, since you can never buy them, for any price.

First line: gross income from sale: Cr1,515,340, profit Cr1,220,090. Actual galactic average price at the time picture was taken = 1545340-1220090 = Cr325,250.
Second line: gross income from sale: Cr389,659, profit Cr94,410. Actual galactic average price at the time picture was taken = 389649-94410 = Cr295,239.

Not that much fluctuation; it's gone down slightly, is all. I believe the average prices are constant, and only get manually edited by FD during an update. There is no "maths" behind the "calculation" of the average price, it's just a number FD pull out of thin air.
 

Ian Doncaster

Ian Doncaster
You can see the actual galactic average price in the goods detail window on the right of the commodity market.

The interesting thing here is that the actual galactic average price of LTDs reported there and through EDDN is 295,246 and has been for quite a while. Neither of those match the value derived from the "difference to galactic average" on those screenshots.

The "difference" does have an ~ symbol on it, but I wonder if there's anything significant in how far the approximation is out...
 

Susanna

Susanna
CMDR QUANTIS TRAP said:
I know that prices f commodities can vary greatly depending on the states of the controlling faction at a station and the amount you're selling relative to demand, but why does the galactic average fluctuate wildly also?

Here is a an example I experienced in the same station an hour ago when the daily update happened. I was, of course, a bit bummed that I didn't sell all of the LTDs quicker, but that's not the thing that annoys me.

Before the update:
cRQUIC6.png

After the update:
byI7dYg.png


What annoys me is the not understanding how the galactic average (the last number on the lines after the wavy equals) works!

How the hell is that a "galactic average" when it fluctuates like that?
Click to expand...
Probably a stupid question I'll regret asking, but why did you only sell 100t of your LTDs? To try and get around the bulk sales tax? You can't do it that way. Teabagging is the only way I've found of doing this. Your cargo is below the bulk tax threshold anyway. What is surprising is the drop in demand from 7k to 4k... Almost halved after the tick!
Besides, 1.5mil/t isn't a bad price... I'd have taken that...
 

Marklar_

Marklar_
777Driver said:
I used to take a light fast high jump range ship, filter system states and gather data, then sell outside of inara for a better profit (with EDMC disabled on my computer to prevent sharing locations) it's much more tricky these days as more states get added.
Click to expand...

Hmm, this is what I was planning to do with a FC, I want to get back into bulk trading. Is it really that much more difficult with the new states?
 

Jmanis

Jmanis
777Driver said:
From my understanding, it takes the max & minimum prices known by your onboard computer. I take it you want an average based on all recent visited ports in the galaxy? Use Inara - 307087 average at the moment, that will obviously change as cmdrs update data.
Click to expand...
Huh. First time I've ever seen a galactic average be a non-static figure tbh.

The reason they're static is the galactic average figure is used to determine mission rewards (where cargo is a relevant thing to the mission).

That is:
  • Galactic Avg Price determines the reward on source/deliver goods missions; and
  • Galactic Avg Price determines the amount of credits deducted from the total credit reward, when taking a cargo reward option

It's hard to believe the average would be determined by player data, because that could become quite exploity fast. ( that is, you could artificially inflate your personal average price, esp through states which inflate such prices, in order to artificially increase rewards by an orderv of magnitude.... which is pretty nonsensical)
 
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Jmanis

Jmanis
Orodruin said:
He means before/after daily tick.
Click to expand...
Fair enough. Also, i get it now.

@CMDR QUANTIS TRAP ; the price in that last column isn't the galactic average. That's the profit above the galactic average you'll make if you sell it. That's also the green curly equals, indicating profit, i.e ≈ is estimated profit, ≈ is estimated loss. Note, the curly equals notation means approximate/roughly equal to.

The galacitc average for LTDs is 295,246. That's static.

1,515,340 is the sale price, subtract 1,220,090 = 295,250

likewise,

389,659 is the sale price, subtract 94,410 = 295,249

When you're on the sell table, using galactic average, you get the profit/loss based on that. If you compared against a specific system, you'd get another value again.

If you have the entire screenshot you snipped those values from, it should have some yellow text at the top describing what it's being compared against.
 
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