standard deviation

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2 Sigmas: Risk Mitigation Strategy

11 Feb 2023 2 minute read 0 comments Todd Mei PhD

In statistics jargon, sigma (σ) is “The unit of measurement usually given when talking about statistical significance is the standard deviation. . . The term refers to the amount of variability in a given set of data: whether the data points are all...

What Is the Monte Carlo Simulation?

5 Feb 2023 4 minute read 1 comment Todd Mei PhD

Image from Paramount at Hagerty The Monte Carlo simulation (MCS, hereafter) was a method developed by scientists during WWII to test for possible outcomes involving the use of the atom bomb. When used in the realm of investing, MCS is akin to a...