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Is this objective college football ranking formula statistically sound?

I might have discussed this in the past. The formula I concocted is this:

Power = Win Percent * Scoring Percent * Yardage Percent * Opponent's Win Percent (To determine Strength of Schedule)

Team with highest Power becomes ranked number 1, and every other team falls in order.

With this system, there would be no voting and no political bias, just raw stats telling us who the real best teams are. This is much better than simply having a biased poll about who the top 12 teams are in football.

Explanation:

Yardage Percent is determined by the total of returned yards on special teams plus offense plus any defensive yards gained, not just offensive yards. It is based on the percent of total yards earned by both teams in each game. so LSU vs Auburn, let's say they have 1000 yards in the game and LSU scores 600 of the yards, that would be 60% of the yards for that game.

Scoring Percent is more useful than Scoring Margin, because it is expressed as a fraction of the number 1.

We use both scoring percent and yardage percent because it smooths out any anomalies that either metric alone would tell. I realize turnovers matter too, but turnovers are sort of already baked into scoring percent and yardage percent.

this ranking ignores preseason rankings, and works only on your BODY OF WORK and Objective numbers, not opinions and hyperbole.

What do you think of this? I have used this system with some success in predicting past championship teams based on regular season results. It's as good or better than the computer models or the polls anyway.

Is this objective college football ranking formula statistically sound?
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