I'm not sure what you mean by generic value? But of course it accounts for results so far (i.e. their record) and future matchups (division teams play each other more at the end of the season), opponents record, home field advantage, etc. It's not an exact science by any means but what everyone should takeaway from this is the difference between 3 wins and 4 wins. Going 3-3 is less than a 10% shot, while 4-2 gives them a pretty good chance at 63%.