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Racer Angel (av171)
Race Number 57
Date Fri, 11 Jan 2019 22:28:40 +0000
Speed 90 WPM Try to beat?
Accuracy 97.0%
Rank 1st place (out of 5)
Opponents oneguardsam (4th place)

Text typed:

Dozens of companies, even those that had little or nothing to do with the Net, changed their names to include web-oriented designations such as dot.com, dotnet, or Internet. Three researchers from Purdue University, M. Cooper, D. Dimitrov, and P. R. Rau, studied sixty-three companies that changed their names in 1998 and 1999 to include some web orientation. Measuring the price change of the companies from five days prior to a name change (when word of the change began to leak out) to five days after the change was announced, they confirmed a remarkable effect. Companies that changed their names enjoyed an increase in price during that ten-day period that was 125 percent greater than that of their peers. This price increase occurred even when the company's core business had nothing whatsoever to do with the Net.
A Random Walk Down Wall Street (book) by Burton G. Malkiel (see stats)

Typing Review:

Race text:
Dozens of companies, even those that had little or nothing to do with the Net, changed their names to include web-oriented designations such as dot.com, dotnet, or Internet. Three researchers from Purdue University, M. Cooper, D. Dimitrov, and P. R. Rau, studied sixty-three companies that changed their names in 1998 and 1999 to include some web orientation. Measuring the price change of the companies from five days prior to a name change (when word of the change began to leak out) to five days after the change was announced, they confirmed a remarkable effect. Companies that changed their names enjoyed an increase in price during that ten-day period that was 125 percent greater than that of their peers. This price increase occurred even when the company's core business had nothing whatsoever to do with the Net.
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Analysis:
Mistakes:
  1. even
  2. designations
  3. such
  4. as
  5. dotnet,
  6. researchers
  7. D.
  8. companies
  9. Measuring
  10. began
  11. was
  12. announced,
  13. they
  14. Companies
  15. changed
  16. names
  17. increase
  18. during
  19. greater
  20. This
  21. price