Nomura Holdings Equity Research Interview Questions, Process, and Tips

Beta is a measure of a stock's volatility in relation to the market. 0 beta means the stock's price is not affected by market movements. Negative beta means the stock moves opposite to the market.

• Beta measures a stock's volatility in relation to the market

• A beta of 1 means the stock moves in line with the market

• A beta of 0 means the stock's price is not affected by market movements

• A negative beta means the stock moves ...read more

Valuing a private company involves analyzing financial statements, market trends, and comparable transactions.

• Analyze financial statements to determine revenue, expenses, and profitability

• Consider market trends and industry outlook to assess growth potential

• Research comparable transactions to determine valuation multiples

• Apply discounted cash flow analysis to estimate future cash flows

• Consider intangible assets such as...read more

My motivation is to constantly learn and improve. My weakness is that I can be too self-critical at times.

• Motivated by a desire to learn and grow

• Driven to constantly improve my skills and knowledge

• Can be overly self-critical and need to work on self-compassion

• Example: Motivated to take on new projects and challenges to expand my skillset

• Example: Struggle with imposter syndrome and need to remind myself of my accomplish

The Internet is a global network of computers that communicate with each other using standardized protocols.

• The Internet is made up of millions of interconnected devices, including computers, servers, routers, and switches.

• Data is transmitted over the Internet in the form of packets, which are small units of information.

• The Internet uses a set of protocols, such as TCP/IP, to ensure reliable and efficient communication...read more

HTTP is unsecured while HTTPS is secured with SSL/TLS encryption.

• HTTP stands for Hypertext Transfer Protocol, while HTTPS stands for Hypertext Transfer Protocol Secure.

• HTTP operates on port 80, while HTTPS operates on port 443.

• HTTP data is transmitted in plain text, while HTTPS data is encrypted using SSL/TLS.

• HTTPS provides authentication, integrity, and confidentiality of data exchanged between a client and a server.

• W...read more

White box testing is a method of testing where the internal structure and implementation details of the software are known and tested. Black box testing is a method of testing where the internal structure and implementation details of the software are unknown and only the inputs and outputs are tested.

• White box testing is also known as clear box testing, glass box testing, or structural testing.

• It focuses on testing th...read more

Print a pattern using code

• Use nested loops to iterate through rows and columns

• Use string concatenation to build each row of the pattern

• Print each row to display the pattern

Merge two arrays without using a third array.

• Use the concat() method to merge the arrays.

• Alternatively, you can use the push() method to add elements from one array to another.

• Remember to handle the case where the arrays have different lengths.

The probability that three ants at the corner of a triangle will never meet.

• The ants can move randomly in any direction.

• The probability depends on the shape and size of the triangle.

• The probability can be calculated using geometric probability or simulation.

• Assumptions need to be made about the ants' movement patterns.

I have regretted decisions in the past but learned from them to make better choices in the future.

• Regretted not studying enough for a crucial exam, leading to a lower grade. Learned to prioritize studying and time management.

• Regretted not speaking up in a meeting when I had a valuable idea. Learned to be more assertive and confident in sharing my thoughts.

• Regretted not taking a job opportunity that could have advanced ...read more

I come from a close-knit family with a passion for outdoor activities. We recently celebrated my brother's graduation, which was a proud moment for all of us.

• Family: Close-knit and supportive

• Hobbies: Outdoor activities like hiking and camping

• Proud moment: Brother's graduation ceremony

I prefer to work in a location that offers a vibrant and diverse community, with access to cultural events and opportunities for personal growth.

• I value a location that has a strong sense of community and offers a variety of cultural activities.

• Access to educational and personal growth opportunities is important to me.

• I am open to considering different locations that meet these criteria.