Dynamic security price and value comparator and indexer

• US 20020123952A1
• Filed: 12/06/2001
• Published: 09/05/2002
• Est. Priority Date: 12/06/2000
• Status: Active Grant

• Current Assignee: Arthur Lipper III
• Original Assignee: Arthur Lipper III
• Inventors: Lipper, Arthur III
• Granted Patent: US 7,487,122 B2
• Time in Patent Office: Days
• US Class Current: 705/36
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A system and method for dynamic security price and value comparison in indexed terms of a large number of user selected factors relating to a large number of user selected securities, all with regard to a single “pivot” security. The method is implemented as a Java script computer program that permits a user to view security data on an indexed basis whereby a pivot company is chosen and represented as 100 for each of the factors. Any of a large number of companies listed can be selected by the user as the pivot security. The benefit of using the Comparator & Indexer is that relative valuations to those of the pivot security become immediately apparent either resulting in a value conclusion or determination as to the areas necessary for further focused study.

Claims

1. An automated system for dynamic security price and value indexed comparison, comprising:

a central web server running supporting software including a spreadsheet for maintaining current and historical security market figures, and a security monitoring module for importing said security market figures into the spreadsheet, said central web server being individually accessible by subscribers;

a comparator &

indexer applet also maintained on the central web server and accessible by said subscribers upon connection to said central web server to derive user-selectable security data from the security market figures in the central server and to calculate said user-selectable security data as absolute values relative to a single pivot security, and to display said user-selectable security data arranged in a table of rows of user-selectable securities and columns of statistics derived from said user-selectable security data;

whereby said automated system permits a user to compare, in both absolute and indexed terms, a plurality of statistics relating to a plurality of user-selected securities.

2. The automated system according to claim 1, wherein said comparator &

indexer applet is a Java applet that allowing each accessing subscriber to designate a subset of securities from said database, designate one or more financial statistics, designate a pivot security, calculate said financial statistics, and display said financial statistics to said accessing user dynamically and in real time.

3. The automated system according to claim 2, wherein said Java applet allows each accessing user to designate, calculate and display said one or more financial statistics in spreadsheet form by rows corresponding to each designated security and columns of each financial statistic as either absolute values, or as indexed values relative to said pivot security.

4. The automated system according to claim 3, wherein said one or more financial statistics include any subset from among the group comprising latest price % change in price vs 30 days, % change in price vs 90 days, % change in price vs 180 days, % change in price vs 365 days, % change in price from 52 week high, % change in price from 52 week low, average daily volume 90 days, market capitalization (mrq) Shares outstanding (mrq), annual dividend (ttm), dividend yield (ttm), earnings yield (ttm), per share book value (ttm), eps (earnings per share), sales, ebitda (earnings bef. income/taxes), price/book value (mrq), price/earnings (ttm), price/sales (ttm), return on assets, return on equity , current ratio (mrq), debt/equity (mrq), shares short, and short ratio.

5. The automated system according to claim 4, wherein said system allows said accessing user to compare the designated securities based on personalized opportunity costs.

6. A method for dynamic security price and value indexed comparison, comprising the steps of:

maintaining current and historical security market figures in a database for a plurality of securities;

providing individual access to said database for subscribers;

allowing each accessing subscriber to designate a subset of securities from said database;

allowing each accessing subscriber to designate one or more financial statistics to be calculated based on said historical security market figures, and displayed for each designated security;

allowing each accessing subscriber to designate one of said securities from said subset to be a pivot security;

calculating said financial statistics from said historical security market figures, and for each financial statistic calculating an indexed value relative to the corresponding financial statistics for said pivot security;

displaying said financial statistics to said accessing user in absolute terms and as indexed values relative to the pivot security;

whereby said method permits accessing users to compare, in both absolute and indexed terms, a plurality of statistics relating to a plurality of user-selected securities.

7. The method according to claim 6, wherein said steps of allowing each accessing subscriber to designate a subset of securities from said database, allowing each accessing subscriber to designate one or more financial statistics, allowing each accessing subscriber to designate a pivot security, and calculating said financial statistics, and displaying said financial statistics to said accessing user are collectively implemented in software as a first Java applet that dynamically accomplishes all of said steps in real time.

8. The method according to claim 7, wherein said first Java applet allows each accessing user to designate, calculate and display said one or more financial statistics as a spreadsheet by rows corresponding to each designated security and columns of each financial statistic as either absolute values, or as indexed values relative to said pivot security.

9. The method according to claim 8, wherein said one or more financial statistics include any subset from among the group comprising latest price, % change in price vs 30 days, % change in price vs 90 days, % change in price vs 180 days, % change in price vs 365 days, % change in price from 52 week high, % change in price from 52 week low, average daily volume 90 days, market capitalization (mrq), shares outstanding (mrq), annual dividend (ttm), dividend yield (ttm), earnings yield (ttm), per share book value (ttm), eps (earnings per share), sales, ebitda (earnings bef. income/taxes), price/book value (mrq), price/earnings (ttm), price/sales (ttm), return on assets, return on equity, current ratio (mrq), debt/equity (mrq), shares short, and short ratio.

10. The method according to claim 9, wherein said system allows said accessing user to compare the designated securities based on personalized opportunity costs.

11. The method according to claim 8, wherein said step of maintaining current and historical security market figures in a database for a plurality of securities is implemented as a second Java applet, and said first and second Java applets cooperate to maintain said spreadsheet display updated in real time.