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Net Worth Application
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Soriano en Marland
KRAKN Industrial
#1 - 2016-04-29 15:58:43 UTC
Hi all,

I would love your feedback on an idea that I have been mulling over. I want to create a better application for analyzing a character’s net worth.

We all know that the amount of ISK in your wallet is only a small piece of an industrialist’s true value. I would love to have a simple stacked area graph that can track the total value of a character’s net worth. In theory, the simplified formula would look something like this...

Net Worth = Estimated value of assets + Money in Escrow + Cash

Not only could you see a more accurate picture of how quickly you’re building wealth, but you could dig into more detailed analysis like...

  • Asset liquidity
  • Times you are over-leveraged in margin trading
  • Estimated ISK per hour of gameplay (for estimating progress toward PLEX)

    • Does anyone know if this exists yet? More importantly would it be useful?
    Elizabeth Norn
    Nornir Research
    Nornir Empire
    #2 - 2016-04-29 16:12:40 UTC
    There are several, I know of jEveAssets and EveHQ, and some web-based ones too.

    Free 3rd party services

    Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing
    Lalika
    Tulip Factory
    #3 - 2016-04-29 23:09:38 UTC
    > Asset liquidity

    An estimate of how liquid your assets are (or how, based on analyzing data on current and prior market volumes? That would be a neat tool.

    > Times you are over-leveraged in margin trading

    This seems more difficult to estimate, since there are no hard and fast rules about how much of a float I should be maintaining. Once again you'd need a pretty smart tool that could calculate on a per-item basis what my volume throoughput is likely to be. Having a margin-based strategy buying high-volume plex is markedly different from lower volume items like say, officer modules, and if you're doing a varied mix of both, it could be tricky to work out.

    As for asset evaluators, there are a few available, the one I personally use is called Eve Trader.
    Professor Humbert
    Project Fruit House
    #4 - 2016-04-30 06:44:37 UTC  |  Edited by: Professor Humbert
    Our Corp has something similar built in-house.
    You want to look for:

    Cash + In Escrow + In Sell + In Contracts (courier & exchange) + In Hangar (incl.delivery) + In Production

    In our case, we exclude from the calculation
    - Fixed strategic stuff: things we will never liquidate
    - Stuff mothballed for a Lost-everything-restart-from-scratch scenario
    Bumblefck
    Kerensky Initiatives
    #5 - 2016-04-30 09:57:25 UTC
    I think a more accurate formula would be:


    Net Worth = Estimated value of assets + Money in Escrow + Cash x (Fabulousness x Amount of Moustachio Wax required every morning)

    Perfection is a dish best served like wasabi .

    Bumble's Space Log
    Serena Darknight
    Doomheim
    #6 - 2016-04-30 10:00:43 UTC
    Being a small time market trader, I don't really worry about net worth. As long as my isk overall goes up, I am happy.
    Nick Starkey
    Native Freshfood
    Minmatar Republic
    #7 - 2016-04-30 10:28:38 UTC  |  Edited by: Nick Starkey
    The site I built calculates your networth like this: isk in wallet + asset value (this includes everything you own even inside containers, poses etc) + total worth of goods in sell orders + total amount of escrow you have in buy orders.

    The price estimates come from within the game (the est. value you see on the bottom right of your inventory).

    It's not 100% accurate since unfortunately there's no way to distinguish blueprints from blueprint originals as far as I know. It also doesn't take into account the assets you have on your contracts or PI materials inside pocos or factories but it's a good estimate for the grand majority of cases.

    I've made a signature. I hope you're enjoying it. www.evetrademaster.com - web based asset manager & profit tracker
    Serena Darknight
    Doomheim
    #8 - 2016-04-30 12:10:30 UTC
    Nick Starkey wrote:
    The site I built calculates your networth like this: isk in wallet + asset value (this includes everything you own even inside containers, poses etc) + total worth of goods in sell orders + total amount of escrow you have in buy orders.

    The price estimates come from within the game (the est. value you see on the bottom right of your inventory).

    It's not 100% accurate since unfortunately there's no way to distinguish blueprints from blueprint originals as far as I know. It also doesn't take into account the assets you have on your contracts or PI materials inside pocos or factories but it's a good estimate for the grand majority of cases.

    I recently started your site and it is the best one I have dealt with and now use it. Thanks for making it!