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We all know Batting Average, OPS, ERA and WHIP but here are a few lesser know statistics that are very effective at measuring individual performances.
For Hitters:
wOBA (Weighted On Base Average) - Developed by Tom Tango, wOBA measures a hitter's all-around performance. wOBA is based on the run values of singles, doubles, triples, home runs, walks and GIDP in a more accurate way than OPS and is scaled like OBP (.330 is average, .400 is great)
BABIP (Batting Average on Balls in Play) - BABIP is the average of all balls put in play by a batter. An average player's BABIP is usually around .300. BABIP can be used to measure and pick out lucky performances by batters.
For Pitchers:
FIP (Fielding Independent Pitching) - Also Devolped by Tom Tango, FIP is designed to eliminate factors that a pitcher cannot control by foucusing on HR allowed, strikeouts, and walks. FIP is scaled like an ERA.
LOB% (Strand rate or Left on Base Percentage) - Devolped and researched by Ron Shandler, Strand Rate measures the percentage of batters who reach base but do not go on to score. The league average is usually around 70-72%.
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