3UREDELOLW\WKHRU\DQG UDQGRPQXPEHUJHQHUDWLRQ $TXLFNUHYLHZ /iV]Oy6]LUPD\.DORV 3UREDELOLW\VSDFHWKURZLQJDGLH 6XEVHWVRIHOHPHQWDU\HYHQWV HYHQWXQLRQDQGFRPSOHPHQW RIDQHYHQWLVDOVRDQHYHQW (OHPHQWDU\HYHQWV SRVVLEOHRXWFRPHV 3SUREDELOLW\ PHDVXUHRQWKHHYHQWV .ROJRPRURYD[LRPV SUREDELOLW\LVLQ>@ PHDVXUHRIWKHHPSW\VHWLVRIWKHWRWDOVHWLV 3U$% 3U$3U%LI$DQG%DUHGLVMRLQW 5DQGRPYDULDEOHV 0DSVWKHHOHPHQWDU\ HYHQWVRQWRUHDOQXPEHUV IHOHPHQWDU\HYHQW 3UREDELOLW\'LVWULEXWLRQ)XQFWLRQ3')[ 3^I[` 3UREDELOLW\'HQVLW\)XQFWLRQSGI[ 3^I [` ([SHFWHGYDOXH (>I@ ΣI[Â SGI[ 9DULDQFH ' >I@ (>I(>I@ @ (>I @( >I@ 6WDQGDUGGHYLDWLRQ ' >I@ &RQWLQXRXVUDQGRPYDULDEOHV FROG 0DSVWKHHOHPHQWDU\ HYHQWVRQWRUHDOQXPEHUV IUHH]LQJ KRW I WHPSHUDWXUHLQ&HOVLXV 3UREDELOLW\'LVWULEXWLRQ)XQFWLRQ3')[ 3^I[` 3UREDELOLW\'HQVLW\)XQFWLRQSGI[ G3')[G[ ([SHFWHGYDOXH (>I@ ∫I[Â SGI[G[ 9DULDQFH ' >I@ (>I(>I@ @ (>I @( >I@ 6WDQGDUGGHYLDWLRQ ' >I@ &RQGLWLRQDOSUREDELOLW\DQG LQGHSHQGHQFH % $% :HNQRZWKDWWKHRXWFRPHLVLQ$ :KDWLVWKHSUREDELOLW\WKDWLWLVLQ%" $ 3U%_$ 3U$%3U$ (YHQWVSDFH ,QGHSHQGHQFHNQRZLQJ$GRHVQRWKHOS3U%_$ 3U% 3U$% 3U$Â 3U% 2SHUDWLRQVRQUDQGRPYDULDEOHV ● ([SHFWHGYDOXHLVDOLQHDURSHUDWLRQ ± (>I I @ (>I @(>I @ ± (>DI@ D(>I @ ± (>I ÂI @ (>I @Â (>I @LIWKH\DUHLQGHSHQGHQW ● 9DULDQFHLVDTXDGUDWLFRSHUDWLRQ ± '>DI@ D'>I@ ± '>I I @ '>I @'>I @LIWKH\DUHLQGHSHQGHQW 7KHRUHPVRIODUJHQXPEHUV ● II«I0DUH´LQGHSHQGHQW´UDQGRPYDULDEOHV RIWKH´VDPHGLVWULEXWLRQ´ ± ZHDNDQGVWURQJODZV0Σ IP→(>I@ ± WKHRUHPRILWHUDWHGORJDULWKP VXS^0Σ IP(>I@` '√ORJORJ00 ± &HQWUDOOLPLWWKHRUHP 0Σ IPLVQRUPDOGLVWULEXWLRQ PHDQ(>I@VWDQGDUGGHYLDWLRQ'> I@√0 5DQGRPQXPEHUJHQHUDWLRQ ,WLVHQRXJKWRJHQHUDWHXQLIRUPO\GLVWULEXWHG QXPEHUVLQ>@U ● 7UDQVIRUPDWLRQRIUDQGRPYDULDEOHV I 3')U ● 3URRI 3U^I[` 3U^3')U[` 3U^U3')[` 3')[ ● 5HDOUDQGRPQXPEHUJHQHUDWRUV ● 'HYLFHWRJHQHUDWHDVLQJOHGLJLWRIWKHQXPEHU /6% &ON FRXQWHU QRLVH ( ( ∆W ∆W &RPSDUDWRU 5DQGRPGLJLWQXPEHURIFKDQJHVPRG 3VHXGRUDQGRPQXPEHUJHQHUDWLRQ GHWHUPLQLVWLFLWHUDWHGIXQFWLRQV UQ )UQ EHKDYHOLNHUDQGRPVHTXHQFHVFKDRV 'HULYDWLYHRI)LVODUJH :KDWLVUDQGRP"""VWDWLVWLFDOWHVWV &KDRVQXPEHURIUDEELWV UQ &UQUQ & & %DGUDQGRPQXPEHUJHQHUDWRUV UQ )UQ UQUQSDLUV 5HTXLUHPHQWVRI) GHQVHO\ILOOVWKHUHFWDQJOH ● KDVODUJHGHULYDWLYHHYHU\ZKHUH ● VKRXOGEHLQ>@ ● SHULRGLFLW\ $SHULRGLFOHQJWK &RQJUXHQWLDOJHQHUDWRU )[ ^JÂ [F` IUDFWLRQDOSDUWRIJÂ [F JLVODUJH 6HOHFWLRQRIJDQGFDQG[ PDNLQJWKHDSHULRGLFOHQJWK DQGWKHSHULRGODUJH ,VLW´UDQGRP´" :KDWSURSHUWLHVRI´UDQGRPQHVV´DUHQHHGHG P$0 ● 6WDWLVWLFDOWHVWV 'LIP$0$ ± XQLIRUPQHVV LVVPDOO .ROJRPRURY ● 6PLUQRY ± 6SHFWUDOSUREH $ 'LVWDQFHVEHWZHHQ WKHSODQHVDUH VPDOO
© Copyright 2026 Paperzz