Based on real-timeestimationof noisematrixandgreyclustering of statevariable, filterorgainmatrix is modulated so as toget an estimation of the state vector.
The PVF allows the investor to receive an up-front payment (typically, 75-85% market value) in exchange for delivery of a variable amount of shares or cash in the future, at which time the capital gain is realized for tax purposes and the tax on the capital gain is paid.