Building a handrail for your deck may seem like a simple task. In many cases it is -- until the time arrives to figure out how to get the balusters or spindles evenly spaced along the handrail. Evenly spaced spindles improve the symmetry of the rails and lend a professional look to the project. But finding the right measuring formula may give the average home handyman pause.
R-squared is a statistical measurement that determines the proportion of a security's return, or the return on a specific portfolio of securities, that can be explained by variations in the stock market, as measured by a benchmark index.
low R-squared values are not always bad and high R-squared values are not always good! Hi Abu, although I suppose I would be hard-pressed not to call 70% high, I don't think we should be caught in a trap of referring to r-square values as high or low without knowing much more.