vineri, 29 mai 2015

Seth's Blog : Do-able

Do-able

Lean entrepreneurs can talk about the minimum viable product, but far more important is the maximum do-able project.

Given the resources you have (your assets, your time, your patience), what's the biggest thing it's quite likely you can pull off?

Our culture is organized around the people who get on base, who reliably keep their promises, who deliver. "Quite likely," is a comforting story indeed. [HT to Bernadette.]

Domino's could have offered five-minute pizza delivery, and sometimes, without a doubt, they could have pulled that off. But promising something they could do virtually every time earned them a spot on the speed dial of millions of phones.

Aiming too high is just as fearful a tactic as aiming too low. Before you promise to change the world, it makes sense to do the hard work of changing your neighborhood.

Do what you say, then do it again, even better.

We need your dreams, but we also need your deeds.

       

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joi, 28 mai 2015

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


April Greek Capital Flight €5 Billion; Eurozone Liabilities Hit €115 Billion

Posted: 28 May 2015 12:26 PM PDT

Chalk up another €5 billion in capital flight from Greece in April. Total eurozone exposure to Greek currency liabilities now sits at €115 Billion, not counting accelerated capital flight in recent weeks.

The following two charts produced with data from EuroCrisis Monitor.

Greece Target2 Imbalance Since February 2008



Greece Target2 Imbalance Detail Since June 2014



The chart shows a rise of €2 billion but that does not count cash.

Target2 Explanation

For a refresher course on Target2, please see Reader From Europe Asks "Can You Please Explain Target2?"

Intra-Eurosystem Liabilities 

The latest Intra-Eurosystem Liabilities from the Bank of Greece are €114.95 billion as shown below.



Change From Last Month

Last month, eurozone exposure to Greek liabilities was €96.427 billion of Target2 imbalances plus another €14.028 billion net liabilities related to the allocation of euro banknotes.

"The past week in May was more challenging compared to the previous ones in the month, with daily outflows of 200 to 300 million euros in the last few days," a senior Greek banker said yesterday.

In the last week alone, it seems likely another €2 billion was pulled from Greek banks. The total May drain will not be reported until June 10.

The ECB is attempting to stem the flow by not upping emergency liquidity assistance (ELA) as noted yesterday in Run on Greek Banks Accelerates; ECB Halts Emergency Funding Hike; Untangling the Lies

Everyone Prepared?
When the ECB and Germany say they are prepared for Grexit, do they include taxpayers who will have to foot the bill for default?

My friend Lars from Norway pinged me with this observation today...
Greek GDP is about €180 billion. Public sector is 60% of the total. That makes the private sector contribution to GDP about €72 billion.

Total public sector debt is close to €500 billion (not €320 billion as quoted by the mainstream media). So a private sector with €72 billion final sales will have to service a debt load of €500 billion.

Isn't the conclusion obvious?

Regards

Lars
Since June of 2014, Greek banks shed about €70 billion in deposits, an amount roughly equivalent to Greek private GDP.

Not to worry, everything is clearly under control.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Swede Has Had Enough

Posted: 28 May 2015 10:11 AM PDT

A Swedish man reached the absolute end of what he can take anymore and profanely complains about Swedish politicians. The man is the founder of a new political party called Riksdemokraterna.

Warning: graphic language.



Link if video does not play: Swede Has Had Enough

My comment: Beggar-thy-neighbor policies, deflationary conditions, and the rise of extremist political parties all go hand in hand.

Discontent is spreading in spite of the alleged recovery.

What happens when the next recession hits?

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

"Bond Girl" on Chicago and the Quality of Credit Analysis in the Municipal Bond Market

Posted: 28 May 2015 12:31 AM PDT

On May 13, Moody's shocked the municipal bond market by downgrading Chicago to junk.

At that time S&P rated Chicago five notches higher, the widest spread between bond raters in history.

Kristi Culpepper, AKA "Bond Girl" comments on the event in What Chicago's Fiscal Emergency says about the Quality of Credit Analysis in the Municipal Bond Market.
In a sense, Moody's was only validating the bond market's opinion of the city's creditworthiness — the bonds had already been trading at junk levels for several months. This should have been a straightforward event for the chattering class to process intellectually. Rating actions tend to lag the market rather than lead it.

Oddly, however, Moody's downgrade sparked a debate over whether Moody's was being "fair" to Chicago.

How could Moody's cut the city to junk when the other rating agencies rate the city so much higher? (That has obviously never happened before in an era of ratings shopping and superdowngrades.) Wouldn't having a diverse economy and large tax base cancel out the costs associated with machine politics? (It's not like this is Chicago's third fiscal crisis in the past century.)

This was probably the first instance in the history of the capital markets that a rating agency was accused of having too radical an attitude toward risk.

There is a conversation to be had about how politics influences the perception of financial commitments and whether bond structures can further evolve to protect bondholders. If the general obligation pledge — absent a statutory lien, which few states have — lacks teeth in court, why isn't it obsolete? Why is this bond structure still the foundation for credit analysis? Does the general obligation pledge allow governments to over-commit themselves financially in certain political contexts? I would submit to you that this absolutely the case with Chicago.

What financial risks does Chicago pose to investors?

Let's examine Chicago's credit profile and you can decide whether or not the city's bonds are speculative investments.

From Nuveen:

Chicago's combined annual debt and pension costs are substantially higher than any [of the ten largest US cities] when these obligations are indexed to total governmental revenue. Chicago's fiscal 2015 debt service and annual pension costs account for 44.8% of fiscal 2013 governmental revenue. San Jose is the next closest city at 27.8%. The nine cities other than Chicago averaged 22.4% of revenue.

Most municipal market analysts assume that the city will address its unfunded pension liabilities and relatively high debt burden by increasing residents' property taxes by nearly 50%.

Chicago officials have been unwilling to raise property taxes for at least a decade.

If officials lack the political will to raise taxes when their bonds are trading at 300 basis points (3%) over the AAA benchmark, will there ever be a resolution short of insolvency?

As I described at length in my earlier essay, How Chicago Has Used Financial Engineering to Paper Over its Massive Budget Gap, the city has also been using long-term debt to: (1) finance everyday expenses and maintenance; (2) finance judgments and settlements, including police brutality cases and retroactive wage increases and pension contributions for unionized employees; (3) restructure the city's existing debt to extend the the maturities on its bonds far out into the future, in order to avoid having to pay the debt as it was coming due; and (4) provide slush funds for the city's 50 alderman to undertake projects in their respective areas (i.e., pork).

Chicago has incurred literally billions of dollars of debt where residents have nothing to show for it.

The municipal bond market has not seen a liquidity problem of this magnitude for a local government borrower since the financial crisis. And S&P calls this situation "short-term interference."

According to the Chicago Tribune: Chicago's population grew by only 82 residents last year, giving it the dubious distinction of being the slowest-growing city among the top 10 US cities with one million or more residents.

"Texas, as an example, has been a magnet for a lot of lower-paying jobs and has the benefit of lower housing costs. If you're making $15 an hour, the difference between making it where a house costs $100,000 and $300,000 is great."

Few Assets Left to Sell

Chicago has already blown through the reserves it established from the Skyway and lease of its parking meters. It could try to hawk Midway Airport, but that has already failed three times.

The city's other tax districts have their own problems

The Chicago Board of Education is also heavily indebted and its recent downgrade likewise triggered events of default. These will force the school system to pay penalty interest rates ranging from 9% to 13.5% and make swap termination payments. The board has significant unfunded pension liabilities and a $1 billion deficit.

All of the recent insolvencies in the municipal bond market have combined protracted fiscal mismanagement with a reliance on innovative financial products (e.g., interest rate swaps and pension obligation bonds). This epiphany continues to elude many market participants, especially those who believe credit analysis is as simple as financial ratios.

Perhaps Chicago will successfully navigate through this storm, but it is insane to disregard the risk involved.
Damning Report

There is much more in Culpepper's report, and all of it damning.

Chicago is on the verge of shrinking. Meanwhile, Illinois is already losing jobs to Indiana, Texas, and Wisconsin. A number of Illinois cities are on the verge of bankruptcy (more on that point in a subsequent post).

And what does Illinois have to show for all this?

Nothing!

Bankruptcy is the only sensible answer.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Damn Cool Pics

Damn Cool Pics


If You Ever Doubted the Existence of Dinosaurs Then You’ve Never Seen the Shoebill Stork

Posted: 28 May 2015 10:24 AM PDT

This is the Shoebill Stork. A very big predatory bird that lives in the swamps of Africa.











Velociraptors are still among us...


In all seriousness, tt's a beautiful creature....but it terrifies me.


Bonus: 
Wonder what happened to the dinosaurs? This is a baby Blue Heron.


via reddit

Jean-Claude Van Damme Is Still Looks Great At 54

Posted: 28 May 2015 10:06 AM PDT

Jean Claude Van Damme recently turned heads in Los Angeles the other day as he was pumping gas. People were amazed to see that even at 54 years old, he still has a physique that would put most men in their 20's to shame.























Deconstructing the App Store Rankings Formula with a Little Mad Science - Moz Blog


Deconstructing the App Store Rankings Formula with a Little Mad Science

Posted on: Thursday 28 May 2015 — 00:21

Posted by AlexApptentive

After seeing Rand's "Mad Science Experiments in SEO" presented at last year's MozCon, I was inspired to put on the lab coat and goggles and do a few experiments of my own—not in SEO, but in SEO's up-and-coming younger sister, ASO (app store optimization).

Working with Apptentive to guide enterprise apps and small startup apps alike to increase their discoverability in the app stores, I've learned a thing or two about app store optimization and what goes into an app's ranking. It's been my personal goal for some time now to pull back the curtains on Google and Apple. Yet, the deeper into the rabbit hole I go, the more untested assumptions I leave in my way.

Hence, I thought it was due time to put some longstanding hypotheses through the gauntlet.

As SEOs, we know how much of an impact a single ranking can mean on a SERP. One tiny rank up or down can make all the difference when it comes to your website's traffic—and revenue.

In the world of apps, ranking is just as important when it comes to standing out in a sea of more than 1.3 million apps. Apptentive's recent mobile consumer survey shed a little more light this claim, revealing that nearly half of all mobile app users identified browsing the app store charts and search results (the placement on either of which depends on rankings) as a preferred method for finding new apps in the app stores. Simply put, better rankings mean more downloads and easier discovery.

Like Google and Bing, the two leading app stores (the Apple App Store and Google Play) have a complex and highly guarded algorithms for determining rankings for both keyword-based app store searches and composite top charts.

Unlike SEO, however, very little research and theory has been conducted around what goes into these rankings.

Until now, that is.

Over the course of five studies analyzing various publicly available data points for a cross-section of the top 500 iOS (U.S. Apple App Store) and the top 500 Android (U.S. Google Play) apps, I'll attempt to set the record straight with a little myth-busting around ASO. In the process, I hope to assess and quantify any perceived correlations between app store ranks, ranking volatility, and a few of the factors commonly thought of as influential to an app's ranking.

But first, a little context

Apple App Store vs. Google Play

Image credit: Josh Tuininga, Apptentive

Both the Apple App Store and Google Play have roughly 1.3 million apps each, and both stores feature a similar breakdown by app category. Apps ranking in the two stores should, theoretically, be on a fairly level playing field in terms of search volume and competition.

Of these apps, nearly two-thirds have not received a single rating and 99% are considered unprofitable. These studies, therefore, single out the rare exceptions to the rule—the top 500 ranked apps in each store.

While neither Apple nor Google have revealed specifics about how they calculate search rankings, it is generally accepted that both app store algorithms factor in:

  • Average app store rating
  • Rating/review volume
  • Download and install counts
  • Uninstalls (what retention and churn look like for the app)
  • App usage statistics (how engaged an app's users are and how frequently they launch the app)
  • Growth trends weighted toward recency (how daily download counts changed over time and how today's ratings compare to last week's)
  • Keyword density of the app's landing page (Ian did a great job covering this factor in a previous Moz post)

I've simplified this formula to a function highlighting the four elements with sufficient data (or at least proxy data) for our analysis:

Ranking = fn(Rating, Rating Count, Installs, Trends)

Of course, right now, this generalized function doesn't say much. Over the next five studies, however, we'll revisit this function before ultimately attempting to compare the weights of each of these four variables on app store rankings.

(For the purpose of brevity, I'll stop here with the assumptions, but I've gone into far greater depth into how I've reached these conclusions in a 55-page report on app store rankings.)

Now, for the Mad Science.

Study #1: App-les to app-les app store ranking volatility

The first, and most straight forward of the five studies involves tracking daily movement in app store rankings across iOS and Android versions of the same apps to determine any trends of differences between ranking volatility in the two stores.

I went with a small sample of five apps for this study, the only criteria for which were that:

  • They were all apps I actively use (a criterion for coming up with the five apps but not one that influences rank in the U.S. app stores)
  • They were ranked in the top 500 (but not the top 25, as I assumed app store rankings would be stickier at the top—an assumption I'll test in study #2)
  • They had an almost identical version of the app in both Google Play and the App Store, meaning they should (theoretically) rank similarly
  • They covered a spectrum of app categories

The apps I ultimately chose were Lyft, Venmo, Duolingo, Chase Mobile, and LinkedIn. These five apps represent the travel, finance, education banking, and social networking categories.

Hypothesis

Going into this analysis, I predicted slightly more volatility in Apple App Store rankings, based on two statistics:

Both of these assumptions will be tested in later analysis.

Results

7-Day App Store Ranking Volatility in the App Store and Google Play

Among these five apps, Google Play rankings were, indeed, significantly less volatile than App Store rankings. Among the 35 data points recorded, rankings within Google Play moved by as much as 23 positions/ranks per day while App Store rankings moved up to 89 positions/ranks. The standard deviation of ranking volatility in the App Store was, furthermore, 4.45 times greater than that of Google Play.

Of course, the same apps varied fairly dramatically in their rankings in the two app stores, so I then standardized the ranking volatility in terms of percent change to control for the effect of numeric rank on volatility. When cast in this light, App Store rankings changed by as much as 72% within a 24-hour period while Google Play rankings changed by no more than 9%.

Also of note, daily rankings tended to move in the same direction across the two app stores approximately two-thirds of the time, suggesting that the two stores, and their customers, may have more in common than we think.

Study #2: App store ranking volatility across the top charts

Testing the assumption implicit in standardizing the data in study No. 1, this one was designed to see if app store ranking volatility is correlated with an app's current rank. The sample for this study consisted of the top 500 ranked apps in both Google Play and the App Store, with special attention given to those on both ends of the spectrum (ranks 1–100 and 401–500).

Hypothesis

I anticipated rankings to be more volatile the higher an app is ranked—meaning an app ranked No. 450 should be able to move more ranks in any given day than an app ranked No. 50. This hypothesis is based on the assumption that higher ranked apps have more installs, active users, and ratings, and that it would take a large margin to produce a noticeable shift in any of these factors.

Results

App Store Ranking Volatility of Top 500 Apps

One look at the chart above shows that apps in both stores have increasingly more volatile rankings (based on how many ranks they moved in the last 24 hours) the lower on the list they're ranked.

This is particularly true when comparing either end of the spectrum—with a seemingly straight volatility line among Google Play's Top 100 apps and very few blips within the App Store's Top 100. Compare this section to the lower end, ranks 401–)500, where both stores experience much more turbulence in their rankings. Across the gamut, I found a 24% correlation between rank and ranking volatility in the Play Store and 28% correlation in the App Store.

To put this into perspective, the average app in Google Play's 401–)500 ranks moved 12.1 ranks in the last 24 hours while the average app in the Top 100 moved a mere 1.4 ranks. For the App Store, these numbers were 64.28 and 11.26, making slightly lower-ranked apps more than five times as volatile as the highest ranked apps. (I say slightly as these "lower-ranked" apps are still ranked higher than 99.96% of all apps.)

The relationship between rank and volatility is pretty consistent across the App Store charts, while rank has a much greater impact on volatility at the lower end of Google Play charts (ranks 1-100 have a 35% correlation) than it does at the upper end (ranks 401-500 have a 1% correlation).

Study #3: App store rankings across the stars

The next study looks at the relationship between rank and star ratings to determine any trends that set the top chart apps apart from the rest and explore any ties to app store ranking volatility.

Hypothesis

Ranking = fn(Rating, Rating Count, Installs, Trends)

As discussed in the introduction, this study relates directly to one of the factors commonly accepted as influential to app store rankings: average rating.

Getting started, I hypothesized that higher ranks generally correspond to higher ratings, cementing the role of star ratings in the ranking algorithm.

As far as volatility goes, I did not anticipate average rating to play a role in app store ranking volatility, as I saw no reason for higher rated apps to be less volatile than lower rated apps, or vice versa. Instead, I believed volatility to be tied to rating volume (as we'll explore in our last study).

Results

Average App Store Ratings of Top Apps

The chart above plots the top 100 ranked apps in either store with their average rating (both historic and current, for App Store apps). If it looks a little chaotic, it's just one indicator of the complexity of ranking algorithm in Google Play and the App Store.

If our hypothesis was correct, we'd see a downward trend in ratings. We'd expect to see the No. 1 ranked app with a significantly higher rating than the No. 100 ranked app. Yet, in neither store is this the case. Instead, we get a seemingly random plot with no obvious trends that jump off the chart.

A closer examination, in tandem with what we already know about the app stores, reveals two other interesting points:

  1. The average star rating of the top 100 apps is significantly higher than that of the average app. Across the top charts, the average rating of a top 100 Android app was 4.319 and the average top iOS app was 3.935. These ratings are 0.32 and 0.27 points, respectively, above the average rating of all rated apps in either store. The averages across apps in the 401–)500 ranks approximately split the difference between the ratings of the top ranked apps and the ratings of the average app.
  2. The rating distribution of top apps in Google Play was considerably more compact than the distribution of top iOS apps. The standard deviation of ratings in the Apple App Store top chart was over 2.5 times greater than that of the Google Play top chart, likely meaning that ratings are more heavily weighted in Google Play's algorithm.

App Store Ranking Volatility and Average Rating

Looking next at the relationship between ratings and app store ranking volatility reveals a -15% correlation that is consistent across both app stores; meaning the higher an app is rated, the less its rank it likely to move in a 24-hour period. The exception to this rule is the Apple App Store's calculation of an app's current rating, for which I did not find a statistically significant correlation.

Study #4: App store rankings across versions

This next study looks at the relationship between the age of an app's current version, its rank and its ranking volatility.

Hypothesis

Ranking = fn(Rating, Rating Count, Installs, Trends)

In alteration of the above function, I'm using the age of a current app's version as a proxy (albeit not a very good one) for trends in app store ratings and app quality over time.

Making the assumptions that (a) apps that are updated more frequently are of higher quality and (b) each new update inspires a new wave of installs and ratings, I'm hypothesizing that the older the age of an app's current version, the lower it will be ranked and the less volatile its rank will be.

Results

How update frequency correlates with app store rank

The first and possibly most important finding is that apps across the top charts in both Google Play and the App Store are updated remarkably often as compared to the average app.

At the time of conducting the study, the current version of the average iOS app on the top chart was only 28 days old; the current version of the average Android app was 38 days old.

As hypothesized, the age of the current version is negatively correlated with the app's rank, with a 13% correlation in Google Play and a 10% correlation in the App Store.

How update frequency correlates with app store ranking volatility

The next part of the study maps the age of the current app version to its app store ranking volatility, finding that recently updated Android apps have less volatile rankings (correlation: 8.7%) while recently updated iOS apps have more volatile rankings (correlation: -3%).

Study #5: App store rankings across monthly active users

In the final study, I wanted to examine the role of an app's popularity on its ranking. In an ideal world, popularity would be measured by an app's monthly active users (MAUs), but since few mobile app developers have released this information, I've settled for two publicly available proxies: Rating Count and Installs.

Hypothesis

Ranking = fn(Rating, Rating Count, Installs, Trends)

For the same reasons indicated in the second study, I anticipated that more popular apps (e.g., apps with more ratings and more installs) would be higher ranked and less volatile in rank. This, again, takes into consideration that it takes more of a shift to produce a noticeable impact in average rating or any of the other commonly accepted influencers of an app's ranking.

Results

Apps with more ratings and reviews typically rank higher

The first finding leaps straight off of the chart above: Android apps have been rated more times than iOS apps, 15.8x more, in fact.

The average app in Google Play's Top 100 had a whopping 3.1 million ratings while the average app in the Apple App Store's Top 100 had 196,000 ratings. In contrast, apps in the 401–)500 ranks (still tremendously successful apps in the 99.96 percentile of all apps) tended to have between one-tenth (Android) and one-fifth (iOS) of the ratings count as that of those apps in the top 100 ranks.

Considering that almost two-thirds of apps don't have a single rating, reaching rating counts this high is a huge feat, and a very strong indicator of the influence of rating count in the app store ranking algorithms.

To even out the playing field a bit and help us visualize any correlation between ratings and rankings (and to give more credit to the still-staggering 196k ratings for the average top ranked iOS app), I've applied a logarithmic scale to the chart above:

The relationship between app store ratings and rankings in the top 100 apps

From this chart, we can see a correlation between ratings and rankings, such that apps with more ratings tend to rank higher. This equates to a 29% correlation in the App Store and a 40% correlation in Google Play.

Apps with more ratings typically experience less app store ranking volatility

Next up, I looked at how ratings count influenced app store ranking volatility, finding that apps with more ratings had less volatile rankings in the Apple App Store (correlation: 17%). No conclusive evidence was found within the Top 100 Google Play apps.

Apps with more installs and active users tend to rank higher in the app stores

And last but not least, I looked at install counts as an additional proxy for MAUs. (Sadly, this is a statistic only listed in Google Play. so any resulting conclusions are applicable only to Android apps.)

Among the top 100 Android apps, this last study found that installs were heavily correlated with ranks (correlation: -35.5%), meaning that apps with more installs are likely to rank higher in Google Play. Android apps with more installs also tended to have less volatile app store rankings, with a correlation of -16.5%.

Unfortunately, these numbers are slightly skewed as Google Play only provides install counts in broad ranges (e.g., 500k–)1M). For each app, I took the low end of the range, meaning we can likely expect the correlation to be a little stronger since the low end was further away from the midpoint for apps with more installs.

Summary

To make a long post ever so slightly shorter, here are the nuts and bolts unearthed in these five mad science studies in app store optimization:

  1. Across the top charts, Apple App Store rankings are 4.45x more volatile than those of Google Play
  2. Rankings become increasingly volatile the lower an app is ranked. This is particularly true across the Apple App Store's top charts.
  3. In both stores, higher ranked apps tend to have an app store ratings count that far exceeds that of the average app.
  4. Ratings appear to matter more to the Google Play algorithm, especially as the Apple App Store top charts experience a much wider ratings distribution than that of Google Play's top charts.
  5. The higher an app is rated, the less volatile its rankings are.
  6. The 100 highest ranked apps in either store are updated much more frequently than the average app, and apps with older current versions are correlated with lower ratings.
  7. An app's update frequency is negatively correlated with Google Play's ranking volatility but positively correlated with ranking volatility in the App Store. This likely due to how Apple weighs an app's most recent ratings and reviews.
  8. The highest ranked Google Play apps receive, on average, 15.8x more ratings than the highest ranked App Store apps.
  9. In both stores, apps that fall under the 401–500 ranks receive, on average, 10–20% of the rating volume seen by apps in the top 100.
  10. Rating volume and, by extension, installs or MAUs, is perhaps the best indicator of ranks, with a 29–40% correlation between the two.

Revisiting our first (albeit oversimplified) guess at the app stores' ranking algorithm gives us this loosely defined function:

Ranking = fn(Rating, Rating Count, Installs, Trends)

I'd now re-write the function into a formula by weighing each of these four factors, where a, b, c, & d are unknown multipliers, or weights:

Ranking = (Rating * a) + (Rating Count * b) + (Installs * c) + (Trends * d)

These five studies on ASO shed a little more light on these multipliers, showing Rating Count to have the strongest correlation with rank, followed closely by Installs, in either app store.

It's with the other two factors—rating and trends—that the two stores show the greatest discrepancy. I'd hazard a guess to say that the App Store prioritizes growth trends over ratings, given the importance it places on an app's current version and the wide distribution of ratings across the top charts. Google Play, on the other hand, seems to favor ratings, with an unwritten rule that apps just about have to have at least four stars to make the top 100 ranks.

Thus, we conclude our mad science with this final glimpse into what it takes to make the top charts in either store:

Weight of factors in the Apple App Store ranking algorithm

Rating Count > Installs > Trends > Rating

Weight of factors in the Google Play ranking algorithm

Rating Count > Installs > Rating > Trends


Again, we're oversimplifying for the sake of keeping this post to a mere 3,000 words, but additional factors including keyword density and in-app engagement statistics continue to be strong indicators of ranks. They simply lie outside the scope of these studies.

I hope you found this deep-dive both helpful and interesting. Moving forward, I also hope to see ASOs conducting the same experiments that have brought SEO to the center stage, and encourage you to enhance or refute these findings with your own ASO mad science experiments.

Please share your thoughts in the comments below, and let's deconstruct the ranking formula together, one experiment at a time.


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Moz Local Dashboard Updates

Posted on: Wednesday 27 May 2015 — 13:30

Posted by NoamC

Today, we're excited to announce some new features and changes to the Moz Local dashboard. We've updated your dashboard to make it easier to manage and gauge the performance of your local search listings.

New and improved dashboard

55656dd0e6cf54.57413440.jpg

We spent a lot of time listening to customer feedback and finding areas where we weren't being as clear as we ought to. We've made great strides in improving Moz Local's dashboard (details below) to give you a lot more information at a glance.

Geo Reporting

55656e552f9c50.19543051.jpg

Our newest reporting view, geo reporting, shows you the relative strength of locations based on geography. The deeper the blue, the stronger the listings in that region. You can look at your scores broken down by state, or zoom in to see the score breakdown by county. Move your mouse over a region to see your average score there.

Scores on the dashboard

55656e67615e70.00335210.png

We're more clearly surfacing the scores for each of your locations right in our dashboard. Now you can see each location's individual score immediately.

Exporting reports

55656eefb28344.08123995.png

55656ed3c60e54.90415681.png

Use the new drop-down at the upper-right corner to download Moz Local reports in CSV format, so that you can access your historical listing data offline and use it to generate your own reports and visualizations.

Search cheat sheet

556579b7b0fb79.07843805.png

If you want to take your search game to the next level, why not start with your Moz Local dashboard? A handy link next to the search bar shows you all the ways you can find what you're looking for.

We're still actively addressing feedback and making improvements to Moz Local over time, and you can let us know what we're missing in the comments below.

We hope that our latest updates will make your Moz Local experience better. But you don't have to take my word for it; head on over to Moz Local to see our new and improved dashboard and reporting experience today!


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