Applicable products: Netmonitor, Netrivals

💡 How is the general average against rivals calculated?

The general average can be found at the top of your Product List view:

This number is calculated as the average of all individual product percentage differences between your store's prices and competitors' minimum prices.
  • For Regular Stores (Retailers)
    PercentDifference = ((Your Price - Minimum Competitor Price) * 100) / Minimum Competitor Price
  • For Brand Stores
    PercentDifference = ((Minimum Competitor Price - Your Price) * 100) / Your Price
  • Final Average Calculation
    GlobalAverage = ROUND(AVG(PercentDifference)
 
Find below key details:
  1. Data Source: The calculation uses data from your products that are connected to competitor products via the "CONNECTIONS" table.
  2. Price Comparison: For each product, it compares your price against the minimum price from all competitors for the same product.
  3. Aggregation: It calculates the arithmetic mean (average) of all these percentage differences across all your products.
  4. Rounding: The final result is rounded to 2 decimal places, and then formatted to 1 decimal place for display unless the value is very close to zero (between -0.1 and 0.1).
  5. Store Type Logic:
    • Retailers: Positive values mean you're more expensive than competitors (losers), negative values mean you're cheaper (winners)
    • Brand stores: The logic is inverted - positive values mean competitors are more expensive than you (winners)
  6. Boundaries: Results are filtered to stay within reasonable boundaries (typically between -500% and +500%) to avoid outliers skewing the average.
The formula essentially tells you, on average, how much more expensive (positive %) or cheaper (negative %) your products are compared to your competitors in the market.
-

Articles in this section

News, Services & Incident reports
Discover updates, webinars, and expert services to help you get the most from Lengow