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Tag: Confidence Coefficient
Confidence Coefficient: Why a Range, Not a Number
Every valuation model gives you a single number. The Confidence Coefficient gives you a range — because conviction isn't binary, and the future isn't a straight line.
Three-Stage DCF: From Philosophy to Algorithm
Most DCF models pretend the future is one straight line. The Allen Framework splits it into three stages — and turns philosophy into Python you can actually run.
TSMC Case Study: From 10-Year Financials to Intrinsic Value Range
Walk through TSMC's complete valuation: 10-year financials → Owner Earnings → Reality Coefficient → Three-Stage DCF → Confidence Coefficient → IV Range of NT$4,565-5,639