Page 41 of that manual shows the adjustment. If that adjustment is taken into account, the behavior of the DE5000 is accounted for.
I've read this guide before and it introduces even more questions than answers!
Az is not an impedance value--it's a correction factor.
I should have said that it "attempts" to account for behavior. I didn't read all that info carefully because I saw a couple of expressions that one would find in a list of correction factors, but upon reading carefully I see that they have not done a good job. The manual for the ET4410 linked in reply #xx has a much better set of correction factors.
The DE5000 is quite good for ~$100, but it has some serious limitations.
For example I have an 1800 uF 16v cap from this series:
www.nichicon.co.jp/english/products/pdf/e-hz.pdfThis is a very low ESR capacitor typical of the sort found on computer motherboards.
Have a look at the spec for impedance at 100 kHz; it's 6.5 milliohms and my Hioki measures it as 6.54 milliohms. The Hioki measures the capacitance as -493.8 uF since 100 kHz is above the self resonance frequency. For measurements of such a low ESR, it's important to insert the capacitor leads fully into the fixture. If I insert the leads so that only the very ends of the leads are in the fixture, the ESR reads 7.78 milliohms.
If I measure it with the DE5000 at 100 kHz, the capacitance value is OL, the ESR value is ------, a bunch of dashes. However, if I set the DE5000 to measure Rs, I get a value of .014, not .0065 as it should be, but at least it gets something.
I have a some more handheld LCR meters to try.
The Tonghui TH2822C measures the capacitance at 100 kHz as -372 uF, and the ESR as 7.0 milliohms. I had to do the short compensation to get that value. The value of 7.0 milliohms is .5 milliohms higher than the expected 6.5 milliohms because the plastic case of the meter prevents the capacitor leads from being inserted flush with the contact blades. This is excellent performance.
The Applent AT826 measures the capacitance at 100 kHz as -391 uF, and the ESR as 7.1 milliohms. I did not have to do the short compensation with this meter. This meter has the same problem as the Tonghui--the capacitor leads can't be inserted all the way into the contact blades, giving a reading a few tenths of a milliohm higher.
These two meters are quite a bit more expensive than the DE5000, but they perform much better. The DE5000 performance is not bad for $100, but isn't there some old saying about getting what you pay for?