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Pure play method. In finance, the "pure play method" is an approach used to estimate the cost of equity capital of private companies, which involves examining the beta coefficient of other public and single focused companies. [2] See also Hamada's equation . Here, when estimating a private company A's equity beta coefficient, the equity beta ...
In finance, the beta (β or market beta or beta coefficient) is a statistic that measures the expected increase or decrease of an individual stock price in proportion to movements of the stock market as a whole. Beta can be used to indicate the contribution of an individual asset to the market risk of a portfolio when it is added in small ...
Hamada's equation. In corporate finance, Hamada’s equation is an equation used as a way to separate the financial risk of a levered firm from its business risk. The equation combines the Modigliani–Miller theorem with the capital asset pricing model. It is used to help determine the levered beta and, through this, the optimal capital ...
Search algorithm. In computer science, Monte Carlo tree search ( MCTS) is a heuristic search algorithm for some kinds of decision processes, most notably those employed in software that plays board games. In that context MCTS is used to solve the game tree . MCTS was combined with neural networks in 2016 [1] and has been used in multiple board ...
Time preference. In economics, time preference (or time discounting, [1] delay discounting, temporal discounting, [2] long-term orientation [3]) is the current relative valuation placed on receiving a good or some cash at an earlier date compared with receiving it at a later date. [1]
The approximation of a normal distribution with a Monte Carlo method. Monte Carlo methods, or Monte Carlo experiments, are a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results. The underlying concept is to use randomness to solve problems that might be deterministic in principle.
minimax(origin, depth, TRUE) The minimax function returns a heuristic value for leaf nodes (terminal nodes and nodes at the maximum search depth). Non-leaf nodes inherit their value from a descendant leaf node. The heuristic value is a score measuring the favorability of the node for the maximizing player.
Pure-play United States 1,854 1,852 4 UMC: Pure-play Taiwan 1,727 1,801 5 SMIC: Pure-play China 1,678 1,620 6 Hua Hong Semiconductor: Pure-play China 657 766 7 Tower Semiconductor: Pure-play Israel 352 358 8 PowerChip: IDM Taiwan 330 305 9 Nexchip: Pure-play China 308 283 10 Vanguard (VIS) Pure-play Taiwan 304 333