From P/E Ratio to Fuzzy Infinite Spreadsheet—Mathematically Rigorous Derivations of the Zeroth and the First Order Solutions of Rate of Return

The P/E Ratio (Price/Earning) is one of the most popular concepts in stock analysis, yet its exact interpretation is lacking. Most stock investors know the P/E Ratio as a financial indicator with the useful characteristics of being relatively time-invariant. In this paper, a rigorous mathematical derivation of the P/E Ratio is presented. The derivation shows that, in addition to its assumptions, the P/E Ratio can be considered the zeroth order solution to the rate of return on investment. The commonly used concept of the Capitalization Rate (Cap Rate = Net Income / Price) in real estate investment analysis can also be similarly derived as the zeroth order solution of the rate of return on real estate investment. This paper also derives the first order solution to the rate of return (Return = Dividend/Price + Growth) with its assumptions. Both the zeroth and the first order solutions are derived from the exact future accounting equation (Cash Return = Sum of Cash Flow + Cash from Resale). The exact equation has been used in the derivation of the exact solution of the rate of return. Empirically, as an illustration of an actual case, the rates of return are 3%, 73%, and 115% for a stock with 70% growth rate for, respectively, the zeroth order, the first order, and the exact solution to the rate of return; the stock doubled its price in 2004. This paper concludes that the zero-th, the first order, and the exact solution of the rate of return all can be derived mathematically from the same exact equation, which, thus, forms a rigorous mathematical foundation for investment analysis, and that the low order solutions have the very practical use in providing the analytically calculated initial conditions for the iterative numerical calculation for the exact solution. The solution of value belongs to recently classified Culture Level Quotient CLQ = 10 and is in the process of being updated by fuzzy logic with its range of tolerance for predicting market crashes to advance to CLQ = 2.

Some Upper Bounds on the First General Zagreb Index

The first general Zagreb index M γ G or zeroth-order general Randić index of a graph G is defined as M γ G = ∑ v ∈ V d v γ where γ is any nonzero real number, d v is the degree of the vertex v and γ = 2 gives the classical first Zagreb index. The researchers investigated some sharp upper and lower bounds on zeroth-order general Randić index (for γ < 0 ) in terms of connectivity, minimum degree, and independent number. In this paper, we put sharp upper bounds on the first general Zagreb index in terms of independent number, minimum degree, and connectivity for γ . Furthermore, extremal graphs are also investigated which attained the upper bounds.

Polarization-Dependent Gratings Based on Polymer-Dispersed Liquid Crystal Cells with In-Plane Switching Electrodes

A diffraction grating of polymer-dispersed liquid crystal (PDLC) with polarization-selective characteristics is investigated. Electrically controllable gratings are produced using In-Plane Switching (IPS) electrodes. Indium tin oxide (ITO) electrodes with a stripe pattern are used to generate a horizontal electric field parallel to the substrate on a single glass substrate. It is known from the experimental results that the number of diffraction orders can be controlled by applied voltage. Except for the zeroth order, the consistently highest intensity can be obtained for every other order of diffraction, and the polarization direction of the diffraction is perpendicular to the direction of the electrode stripes. The polarization direction of the zeroth order diffraction is parallel to the direction of the electrode stripes. Therefore, it can be used as a filter for light polarization.

RELATIVISTIC CALCULATION OF WAVELENGTHS AND E1 OSCILLATOR STRENGTHS IN Li-LIKE MULTICHARGED IONS AND GAUGE INVARIANCE PRINCIPLE

The spectral wavelengths and oscillator strengths for 1s22s (2S1/2) → 1s23p (2P1/2) transitions in the Li-like multicharged ions with the nuclear charge Z=28,30 are calculated on the basis of the combined relativistic energy approach and relativistic many-body perturbation theory with the zeroth order optimized Dirac-Kohn-Sham one-particle approximation and gauge invariance principle performance. The comparison of the obtained results with available theoretical and experimental (compilated) data is performed. The important point is linked with an accurate accounting for the complex exchange-correlation (polarization) effect contributions and using the optimized one-quasiparticle representation in the relativistic many-body perturbation theory zeroth order that significantly provides a physically reasonable agreement between theory and precise experiment.

CASCADE OF AUGER TRANSITIONS IN SPECTRUM OF XENON: THEORETICAL DATA

The energy parameters of the Auger transitions for the xenon atomic system are calculated within the combined relativistic energy approach and relativistic many-body perturbation theory with the zeroth order density functional approximation. The results are compared with reported experimental data as well as with those obtained by semiempirical method. The important point is linked with an accurate accounting for the complex exchange-correlation (polarization) effect contributions and using the optimized one-quasiparticle representation in the relativistic many-body perturbation theory zeroth order that significantly provides a physically reasonable agreement between theory and experiment.

Zeroth-Order Nucleation Transition under Nanoscale Phase Separation

Materials with nanoscale phase separation are considered. A system representing a heterophase mixture of ferromagnetic and paramagnetic phases is studied. After averaging over phase configurations, a renormalized Hamiltonian is derived describing the coexisting phases. The system is characterized by direct and exchange interactions and an external magnetic field. The properties of the system are studied numerically. The stability conditions define the stable state of the system. At a temperature of zero, the system is in a pure ferromagnetic state. However, at finite temperature, for some interaction parameters, the system can exhibit a zeroth-order nucleation transition between the pure ferromagnetic phase and the mixed state with coexisting ferromagnetic and paramagnetic phases. At the nucleation transition, the finite concentration of the paramagnetic phase appears via a jump.

Zeroth Order Policy Search Methods for Global Optimization Problems: An Experimental Study

Os métodos Policy Search (PS) vem sendo utilizados nos últimos anos para se aprender, automaticamente, algoritmos de otimização, obtendo resultados animadores. Neste trabalho, consideramos métodos PS para aprender algoritmos de otimização para problemas de otimização global, considerando um cenário pouco estudado: funções de alta dimensionalidade e os algoritmos de otimização não possuem acesso às derivadas da função a ser otimizada. Os resultados apontam, que apesar das dificuldades, os algoritmos de otimização aprendidos têm um desempenho promissor no cenário estudado.

Scalarized Einstein–Maxwell-scalar black holes in a cavity

In this paper, we study the spontaneous scalarization of Reissner–Nordström (RN) black holes enclosed by a cavity in an Einstein–Maxwell-scalar (EMS) model with non-minimal couplings between the scalar and Maxwell fields. In this model, scalar-free RN black holes in a cavity may induce scalarized black holes due to the presence of a tachyonic instability of the scalar field near the event horizon. We calculate numerically the black hole solutions, and investigate the domain of existence, perturbative stability against spherical perturbations and phase structure. The scalarized solutions are always thermodynamically preferred over RN black holes in a cavity. In addition, a reentrant phase transition, composed of a zeroth-order phase transition and a second-order one, occurs for large enough electric charge Q.

A Zeroth-Order Adaptive Learning Rate Method to Reduce Cost of Hyperparameter Tuning for Deep Learning

Due to powerful data representation ability, deep learning has dramatically improved the state-of-the-art in many practical applications. However, the utility highly depends on fine-tuning of hyper-parameters, including learning rate, batch size, and network initialization. Although many first-order adaptive methods (e.g., Adam, Adagrad) have been proposed to adjust learning rate based on gradients, they are susceptible to the initial learning rate and network architecture. Therefore, the main challenge of using deep learning in practice is how to reduce the cost of tuning hyper-parameters. To address this, we propose a heuristic zeroth-order learning rate method, Adacomp, which adaptively adjusts the learning rate based only on values of the loss function. The main idea is that Adacomp penalizes large learning rates to ensure the convergence and compensates small learning rates to accelerate the training process. Therefore, Adacomp is robust to the initial learning rate. Extensive experiments, including comparison to six typically adaptive methods (Momentum, Adagrad, RMSprop, Adadelta, Adam, and Adamax) on several benchmark datasets for image classification tasks (MNIST, KMNIST, Fashion-MNIST, CIFAR-10, and CIFAR-100), were conducted. Experimental results show that Adacomp is not only robust to the initial learning rate but also to the network architecture, network initialization, and batch size.