What is this formula, related to simple linear regression, called? This is my first post here. I hope I can make myself clear. Right now I'm learning linear regression as part of an introduction class to machine learning.

After going over the steps in the simple regression formulae, I realized that I had been doing something similar in the past to construct lines. In Python:

data = [{'x': 1, 'y': 2}, {'x': 5, 'y': 7}, {'x': 6, 'y': 8}]
coeff = sum([d['x'] / d['y'] for d in data]) / len(data)


Here, we're calculating the mean ratio between the variables, which we can use as a coefficient for constructing a line. Does this method have a name, and how does it relate to simple linear regression?
I do not know other terms than the  average of inverse slope or the inverse of the harmonic mean of slopes. This is also the negative of the average slope of the perpendiculars.

It gives you the inverse of the average slope of lines passing through $(0,0)$ and $(x_i,y_i)$. If the $(x,y)$ are almost aligned with $(0,0)$, this is an estimate of the inverse of the slope of a line passing through the points. 

Linear regression is quite different, as it involves cross-products of sums of $x$ or $y$.