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Frequently Asked Questions

 

DCF Valuator Pro

Q1. When will Valuator Pro become available?

Q2. Who is the intended audience for Valuator Pro?

Q3. What features will Valuator Pro have?

Q4. Can I put in a symbol for a stock and get its value?

Q5. Which spoken languages is Valuator Pro available in?

Q6. Will users be charged for automatic fetching of company data?

Q7. What does "effective demand" mean?
 

Q8. Why DCF Valuator Pro?



Q1. When will Valuator Pro become available?

A1. There is no definite release date for version 1.0. At this time it's a sideline project. If the interest in Valuator Pro raises we will increase our effort on it. We use the intervening time to take into account your feedback about additional features and functionality. The same suite of eight basic models appears in both the standard DCF Valuator Investment Models and in the premium Valuator Pro Investment Valuation.


Q2. Who is the target audience for Valuator Pro?

A2. Intelligent investors, professional investment analysts and educators around the world. Current users of DCF Valuator Investment Models include individual investors, stock brokers, investment advisers, certified financial analysts (
CFAs), educators and students from many nations. You must be more than a complete novice, but you don't need an MBA with a concentration in Finance or a Ph.D. in Financial Economics to understand how to evaluate investments. Valuator Pro is designed to expand the user base to include a more demanding audience with new features and functionality.


Q3. What features will Valuator Pro have?

A3. We use the pre-release phase to see whether some of the planned features are a real need. For example, input analysis was requested, so we decided to include it in the first release version 1.0 to make it more useful for investigations of the major input variables in each model. We decided to give input analysis a higher priority than automatic data gathering, i.e., depth of analysis higher priority than speed of analysis. Originally automatic data gathering and populating of input data forms was planned for some version beyond version 1.0. This is the most requested feature. It will be added once there is sufficient effective demand. In addition, we plan to add customizable reports for rendering on display screens or in print, as well as the ability for evaluators to collaborate online with colleagues.


Q4. Can I put in a symbol for a stock and get its value?

A4. No. It will not be possible to merely put in a stock ticker symbol and get the intrinsic value of the stock. Such minimal input and output may seem like the ideal, but it is not realistic. It reveals a misunderstanding of intrinsic value, a concept which can aid investment decision making but is not intended to be a precise metric for valuation of investment assets. Even though company financial data can be automatically gathered to populate the model input forms, not all other inputs can be generated satisfactorily by a mechanical model. These inputs include individual choices, judgments, forecasts, and each investor's personal situation at the time, all of which can vary widely and quickly.


Q5. Which spoken languages is Valuator Pro available in?

A5. English only, for now. If there is sufficient interest expressed, we will consider creating an internationalized version. But not before version 1.0 in English is stable and released. The non-English locales to be implemented will depend on effective demand. The six official languages of the United Nations, Arabic, Chinese, English, French, Russian and Spanish, may provide access to the most people but not necessarily the most investors with Internet access. Many European writing systems use the same Latin characters as English, but some don't. Middle Eastern writing systems read right-to-left only and require bidirectionality of presentation when mixed on the same page with writing systems that read left-to-right. East Asian writing systems have large repertoires of characters that require multiple-byte codes instead of one-byte codes to cover them all. Each localization will require translation of the text portions of the application: a launch page that lists the suite of models, and for each model, the input data forms, pop-up help windows and output report forms.


Q6. Will users be charged for automatic gathering of company data?

A6. Yes, but we don't know the amount yet. It will depend partly on the cost of a company financial database subscription, dedicated server hardware, software, netware and maintenance. The database initially will include equities including ADRs on the New York Stock Exchange, American Stock Exchange, and Nasdaq NMS. The price of this version of Valuator Pro will be reasonable and comparable to the prices of stock-pricing software packages and stock market-data subscriptions. Delayed U.S. stock market price data will continue to be provided for free.


Q7. What does "effective demand" mean?

A7. The demand for particular features is indicated by the number of investors who tell us they want them or use them. In contrast, the effective demand for particular features is indicated by that smaller number of investors who are both willing and able to pay for them. Effective demand is also known as commercial demand. Some features will require high additional costs, either front-end and or on-going. We will add high-cost features if there is sufficient effective demand for them. Our business model is to provide the standard version of the application consisting of eight basic investment models as a public service to draw traffic and provide a learning experience with real cases. The high-cost features will be accessible in the premium version by subscribers, licensees and sponsored users.

 

Q8. Why DCF Valuator Pro?

 

A8. Independence, privacy, security, productivity, efficiency, lower unit costs, transparent models, proprietary analyses, help advisories, and well-defined concepts shared among collaborators.

 


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