Resources — everything you need to use Catalyst Edge well.

An American Depositary Receipt — a US-listed proxy share for a foreign company (e.g. BABA represents Alibaba shares listed primarily in Hong Kong as 9988.HK). One ADR usually equals a fixed ratio of home-listing shares.

A measure of a stock's volatility versus the broader market. Beta = 1 tracks the market; Beta > 1 moves more than the market; Beta < 1 moves less. Used in WACC to discount equity cash flows by risk.

Capital expenditure — money a company spends acquiring or upgrading long-lived assets (factories, servers, equipment). We use a 3-year average of capex when computing FCF to smooth lumpy investment cycles.

A 4-point composite signal for cross-border setups: (1) foreign gap ≥ 1.5%, (2) US gap ≥ 1.5%, (3) same direction, (4) both vol-ratio ≥ 1.5×. A score of 4/4 = STRONG; 3/4 = TRADE; 2/4 = watch; ≤1 = noise.

The extra return investors demand for holding stocks instead of risk-free bonds. We use a 5.5% ERP per Damodaran's published estimates. Combined with beta and the risk-free rate, it produces the cost of equity component of WACC.

Free Cash Flow = OCF − |capex|. The cash a company has left after maintaining its asset base. We compute FCF as a 3-year average to dampen accounting timing effects, then project it forward in the two-stage DCF.

The percentage difference between today's open and yesterday's close (overnight gap), or the high vs prior close (intraday gap). On the scanner, "gap" usually means overnight; convergence-score uses gap from previous close to current price.

Operating Cash Flow — the cash a company generates from its core business activities (excluding investing and financing). Pulled directly from the cash-flow statement in SEC EDGAR XBRL filings (or yfinance for international names).

A cluster of tickers that historically move together after a single named ticker fires. Example: a positive 8-K from NVDA pulls AMD, AVGO, TSM along the same vector. Currently 90 days into a correlation-data-collection window before publishing a hit rate.

The perpetual growth rate assumed after the explicit forecast period (years 6+). We clamp this at 2.5% — slightly below long-run nominal GDP — because no company can outgrow the economy forever in steady state.

Damodaran's two-stage discounted cash flow model: 5 years of explicit FCF growth (clamped 0-25% revenue CAGR) plus a Gordon-growth terminal value at 2.5%. We discount everything at WACC, add cash, subtract debt, and divide by share count.

Weighted Average Cost of Capital = (E/V × cost-of-equity) + (D/V × cost-of-debt × (1 − tax rate)). We use a flat 9% WACC across the universe as a conservative default — sensitivity analysis is on the roadmap for v0.0.6.