The Diesel cycle is a combustion process of a reciprocating internal combustion engine. In it, fuel is ignited by heat generated during the compression of air in the combustion chamber, into which fuel is then injected. This is in contrast to igniting the fuel-air mixture with a spark plug as in the Otto cycle (four-stroke/petrol) engine. Diesel engines are used in aircraft, automobiles, power generation, diesel–electric locomotives, and both surface ships and submarines.
In statistics, the standard deviation is a measure of the amount of variation or dispersion of a set of values. A low standard deviation indicates that the values tend to be close to the mean of the set, while a high standard deviation indicates that the values are spread out over a wider range.
Relative density, or specific gravity, is the ratio of the density of a substance to the density of a given reference material. Specific gravity for liquids is nearly always measured with respect to water at its densest ; for gases, the reference is air at room temperature. The term "relative density" is often preferred in scientific usage, whereas the term "specific gravity" is deprecated.
The total harmonic distortion is a measurement of the harmonic distortion present in a signal and is defined as the ratio of the sum of the powers of all harmonic components to the power of the fundamental frequency. Distortion factor, a closely related term, is sometimes used as a synonym.
Orbital mechanics or astrodynamics is the application of ballistics and celestial mechanics to the practical problems concerning the motion of rockets and other spacecraft. The motion of these objects is usually calculated from Newton's laws of motion and the law of universal gravitation. Orbital mechanics is a core discipline within space-mission design and control.
A risk-free bond is a theoretical bond that repays interest and principal with absolute certainty. The rate of return would be the risk-free interest rate. It is primary security, which pays off 1 unit no matter state of economy is realized at time . So its payoff is the same regardless of what state occurs. Thus, an investor experiences no risk by investing in such an asset.
Bond valuation is the determination of the fair price of a bond. As with any security or capital investment, the theoretical fair value of a bond is the present value of the stream of cash flows it is expected to generate. Hence, the value of a bond is obtained by discounting the bond's expected cash flows to the present using an appropriate discount rate.
In finance, the duration of a financial asset that consists of fixed cash flows, such as a bond, is the weighted average of the times until those fixed cash flows are received. When the price of an asset is considered as a function of yield, duration also measures the price sensitivity to yield, the rate of change of price with respect to yield, or the percentage change in price for a parallel shift in yields.
In finance, the Sharpe ratio measures the performance of an investment such as a security or portfolio compared to a risk-free asset, after adjusting for its risk. It is defined as the difference between the returns of the investment and the risk-free return, divided by the standard deviation of the investment returns. It represents the additional amount of return that an investor receives per unit of increase in risk.
A return period, also known as a recurrence interval or repeat interval, is an average time or an estimated average time between events such as earthquakes, floods, landslides, or river discharge flows to occur.
The drawdown is the measure of the decline from a historical peak in some variable.
In finance, return is a profit on an investment. It comprises any change in value of the investment, and/or cash flows which the investor receives from that investment over a specified time period, such as interest payments, coupons, cash dividends and stock dividends. It may be measured either in absolute terms or as a percentage of the amount invested. The latter is also called the holding period return.
The ulcer index is a stock market risk measure or technical analysis indicator devised by Peter Martin in 1987, and published by him and Byron McCann in their 1989 book The Investors Guide to Fidelity Funds. It is a measure of downwards volatility, the amount of drawdown or retracement over a period.
Calmar ratio is a performance measurement used to evaluate Commodity Trading Advisors and hedge funds. It was created by Terry W. Young and first published in 1991 in the trade journal Futures.
Fluorescence interference contrast (FLIC) microscopy is a microscopic technique developed to achieve z-resolution on the nanometer scale.
The modulation error ratio or MER is a measure used to quantify the performance of a digital radio transmitter or receiver in a communications system using digital modulation. A signal sent by an ideal transmitter or received by a receiver would have all constellation points precisely at the ideal locations, however various imperfections in the implementation or signal path cause the actual constellation points to deviate from the ideal locations.
The Sterling ratio (SR) is a measure of the risk-adjusted return of an investment portfolio.
In geometry, the major axis of an ellipse is its longest diameter: a line segment that runs through the center and both foci, with ends at the two most widely separated points of the perimeter. The semi-major axis is the longest semidiameter or one half of the major axis, and thus runs from the centre, through a focus, and to the perimeter. The semi-minor axis of an ellipse or hyperbola is a line segment that is at right angles with the semi-major axis and has one end at the center of the conic section. For the special case of a circle, the lengths of the semi-axes are both equal to the radius of the circle.
The Composite Index of National Capability (CINC) is a statistical measure of national power created by J. David Singer for the Correlates of War project in 1963. It uses an average of percentages of world totals in six different components. The components represent demographic, economic, and military strength. More recent studies tend to use the (CINC) score, which “focuses on measures that are more salient to the perception of true state power” beyond GDP. It is still “among the best-known and most accepted methods for measuring national capabilities.”
Modigliani risk-adjusted performance (also known as M2, M2, Modigliani–Modigliani measure or RAP) is a measure of the risk-adjusted returns of some investment portfolio. It measures the returns of the portfolio, adjusted for the risk of the portfolio relative to that of some benchmark (e.g., the market). We can interpret the measure as the difference between the scaled excess return of our portfolio P and that of the market, where the scaled portfolio has the same volatility as the market. It is derived from the widely used Sharpe ratio, but it has the significant advantage of being in units of percent return (as opposed to the Sharpe ratio – an abstract, dimensionless ratio of limited utility to most investors), which makes it dramatically more intuitive to interpret.
