How to Read the Models

A. The KCM Fair Value Estimate is the weighted average of all models.
B. $200 is the average estimated fair value of IBM.
C. IBM is currently undervalued by 14%.
D. Future IBM actual prices are 1% lower than the $200 estimate.
E. Current fair value is 0% from the yesterday's estimate.
F. The date when the last fair value estimate was changed.
G. It takes 40 days for IBM price to converge to $200.
H. The estimate of IBM has high accuracy. (H: High, M: Medium, L: Low).
I. IBM is currently undervalued.
J. “Strong Buy” is that IBM is significantly undervalued.

