Methods and systems for measuring performance of a security analyst

• US 20030065604A1
• Filed: 07/12/2002
• Published: 04/03/2003
• Est. Priority Date: 10/03/2001
• Status: Abandoned Application

• Current Assignee: Thomson Reuters LLC (The Woodbridge Co. Ltd.)
• Original Assignee: Thomson Reuters LLC (The Woodbridge Co. Ltd.)
• Inventors: Gatto, Joseph
• Application Number:
  US10/194,437
• Publication Number:
  US 20030065604A1
• Time in Patent Office: Days
• US Class Current: 705/36
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A computer implemented system for displaying security analyst recommendation information includes a database includes information on an overall analyst score. The overall analyst score has a value add that is obtained by subtracting a return of a benchmark portfolio from a return of a simulated portfolio return. The return of the benchmark portfolio is derived exclusively from a selected set of securities included in a set of securities covered by the analyst. The simulated portfolio includes constituents and weights that are a function of the analyst'"'"'s recommendations on the securities in the selected set. A user interface is provided with a plurality of selectable user inputs. The user inputs enable a user to display analyst security recommendation information. An input device is included that is operable by a user. A display is provided for displaying at least one output of a security analyst information according to the selected user inputs.

Claims

1. A computer implemented system for displaying security analyst recommendation information, comprising:

a database including information on an overall analyst score which includes a value add that is obtained by subtracting a return of a benchmark portfolio from a return of a simulated portfolio return, the return of the benchmark portfolio being derived exclusively from a selected set of securities that are included in a set of securities covered by the analyst, the simulated portfolio including constituents and weights that are a function of the analyst'"'"'s recommendations on the securities in the selected set;

a user interface including a plurality of selectable user inputs to enable a user to display analyst security recommendation information;

an input device operable by a user; and

a display for displaying at least one output of a security analyst information according to the selected user inputs.

2. The system of claim 1, wherein the at least one output includes a performance rating of the analyst relative to the analyst'"'"'s securities recommendation performance.

3. The system of claim 1, wherein at least one user input of the plurality of selectable user inputs includes selection of whether the portfolio calculations are sized weighted or non-size-weighted.

4. The system of claim 1, wherein at least one user input of the plurality of selectable user inputs includes selection of securities for inclusion in the performance calculation.

5. The system of claim 4, wherein the selection of securities for inclusion in the performance calculation is a group of securities.

6. The system of claim 5, wherein the group includes securities in at least one of the same industry, securities in the same geographic region, and a user-defined group of securities.

7. The system of claim 2, wherein the performance rating of the analyst is displayed on an analyst scorecard of performance of the analyst'"'"'s securities recommendation performance based on the analyst'"'"'s security ratings.

8. The system of claim 7, wherein the scorecard includes a summary of a plurality of user outputs.

9. The system of claim 7, wherein the scorecard includes a value add and a relative estimating accuracy score for the analyst.

10. The system of claim 7, wherein the scorecard includes at least one of an analyst'"'"'s benchmark portfolio return, simulated portfolio return, value-add and a measure of an analyst'"'"'s relative estimating accuracy.

11. The system of claim 1, wherein security analyst information includes a value add.

12. The system of claim 1, further comprising:

a memory for storing an analyst'"'"'s benchmark portfolio return, simulated portfolio return and value add; and

a microprocessor.

13. The system of claim 1, wherein the performance rating of the analyst is an analyst scorecard that includes at least one of an overall analyst performance score, a summary by a security table and a summary by a security group table.

14. The system of claim 13, wherein the summary by security table is a two dimensional table including for each security the return of the security for each recommendation level that the analyst had on the security.

15. The system of claim 1, further comprising:

a memory for storing an analyst'"'"'s benchmark portfolio return, simulated portfolio return and value add; and

a microprocessor.

16. A computer implemented system for displaying security analyst recommendation information, comprising:

a database including information on an analyst'"'"'s securities recommendation performance for a plurality of securities listed on a securities recommendation list;

a user interface including a plurality of selectable user inputs to enable a user to display analyst security recommendation information;

a user interface including a plurality of selectable user inputs to enable the user to display analyst security recommendation information;

an input device operable by a user; and

a display that simultaneously displays at least one output of the analyst'"'"'s securities recommendation performance and an estimates performance for a plurality of securities listed on a securities estimates list of the analyst.

17. The system of claim 16, wherein at least a portion of the securities in the plurality of recommendation performance securities is included in at least a portion of the plurality of estimates performance securities.

18. A computer implemented system for displaying security analyst recommendation information, comprising:

a database including information on at least a portion of securities covered by an analyst,

a user interface including a plurality of selectable user inputs to enable a user to display analyst security recommendation information;

an input device operable by a user; and

a display for displaying at least one output of a security analyst information according to the selected user inputs;

wherein the system provides a summary of an individual analyst'"'"'s securities recommendation performance that is displayable as an output in the form of at least one of a summary by security table, a summary by security group table or an analyst overall score.

19. The system of claim 18, wherein the summary by security table includes a plurality of rows and columns.

20. The system of claim 19, wherein the rows and columns are interchangeable.

21. The system of claim 18, wherein each security rated by the analyst during the selected time period is listed in the summary by security table.

22. The system of claim 18, wherein a plurality of user outputs are provided in the summary by security table, and at least a portion of the plurality of user outputs includes performance results of each security of the analyst'"'"'s securities ratings is summarized and displayed as an output as a single row and a plurality of columns with information selected from security group classification, ticker symbol, company name, security size, security return, securities recommendation coverage, return under each rating level, coverage percent for earnings estimating, relative estimating accuracy performance score for estimates, and relative estimating accuracy rating or rank for estimates.

23. The system of claim 19, wherein each row of the summary by security table includes an analyst performance for an individual security.

24. The system of claim 19, wherein at least one column of the plurality of columns enable a user to select of securities to be included in an aggregation.

25. The system of claim 19, wherein at least one column of the plurality of columns provide an indication of continued coverage of a selected security by the analyst.

26. The system of claim 19, wherein at least one column of the plurality of columns provide an indication of a security group classification.

27. The system of claim 19, wherein at least one column of the plurality of columns provide an indication of a security ticker symbol.

28. The system of claim 19, wherein at least one column of the plurality of columns provides a name of a security.

29. The system of claim 19, wherein at least one column of the plurality of columns provides country code or name for the exchange on which each security is traded.

30. The system of claim 19, wherein at least one column of the plurality of columns provide country code or name representing the country in which the company which the security represents is located.

31. The system of claim 19, wherein one column of the plurality of columns provides a security size, wherein size is a function of market capitalization or float.

32. The system of claim 19, wherein at least one column of the plurality of columns provide a return of a security over a selected performance measurement time period.

33. The system of claim 19, wherein at least one column of the plurality of columns provides information relative to a percent of a selected performance measurement time period that an analyst covered the security, wherein securities covered by the analyst are securities on which the analyst has a recommendation or which are assigned to the analyst.

34. The system of claim 19, wherein at least one column of the plurality of columns is an analyst rating column.

35. The system of claim 19, wherein at least one column of the plurality of columns is provided for a return of a security under each level of an analyst rating.

36. The system of claim 19, wherein at least one column of the plurality of columns provides a relative estimating accuracy performance score for the analyst on the security.

37. The system of claim 18, wherein the system provides a table with a summary of individual analyst'"'"'s security recommendation performance for a plurality of analyst.

38. The system of claim 18, wherein the at least one output includes a performance rating of the analyst relative to the analyst'"'"'s securities recommendation performance.

39. The system of claim 18, wherein at least one of a user input includes selection of an analyst name.

40. The system of claim 18, wherein at least one of a user input includes selection of a performance measurement time period.

41. The system of claim 18, wherein at least one of a user input includes selection of whether the portfolio calculations are size weighted or non-weighted.

42. The system of claim 18, wherein at least one of a user input includes selection of securities for inclusion in a calculation of the securities recommendation performance.

43. The system of claim 18, wherein the at least one user output includes a return of the security during a performance measurement time period.

44. The system of claim 43, wherein the at least one of a user input includes selection of a performance measurement time period.

45. The system of claim 18, wherein the performance rating of the analyst is displayed in an analyst scorecard of performance of the analyst'"'"'s securities recommendation performance based on the analyst'"'"'s security ratings.

46. The system of claim 45, wherein the scorecard includes a summary of a plurality of user outputs.

47. The system of claim 45, wherein the scorecard includes a value add and a relative estimating accuracy performance for the analyst.

48. The system of claim 45, wherein the scorecard includes at least one of an analyst'"'"'s benchmark portfolio return, simulated portfolio return, value-add and a relative estimating accuracy performance score.

49. The system of claim 19, wherein a plurality of user outputs are provided, and at least a portion of the plurality of user outputs includes one or more summary rows that provide aggregate information from a plurality of individual rows in the table.

50. The system of claim 49, wherein each summary row includes at least one of a portfolio return, average return and overall relative estimating accuracy score for the securities displayed in the table.

51. The system of claim 18, wherein the summary by security group table includes a plurality of rows and columns.

52. The system of claim 51, wherein the rows and columns are interchangeable.

53. The system of claim 51, wherein the group includes securities in at least one of the same industry, securities in the same geographic region, and a user-defined group of securities.

54. The system of claim 51, wherein performance results of the analyst'"'"'s securities ratings of securities in a same security group is summarized and displayed as an output in the form of a single row.

55. The system of claim 51, wherein at least a portion of the columns include a security group name abbreviation, a security group name, a number of stocks in a security group, an average return of securities in a security group, a number of securities in a security group covered by the analyst'"'"'s recommendations, the analyst'"'"'s simulated return within a security group, the analyst'"'"'s excess return over a benchmark return for the security group, the analyst'"'"'s recommendation performance rank relative to other analysts that cover a security group, a number of securities in a security group covered by the analyst'"'"'s estimates, a relative estimating accuracy performance score of the analyst for a security group, or the analyst'"'"'s estimate performance rank relative to other analysts that cover a security group.

56. A computer implemented system for displaying security analyst recommendation information, comprising:

a database including information on at least a portion of securities covered by an analyst,

a user interface including a plurality of selectable user inputs to enable a user to display analyst security recommendation information;

an input device operable by a user;

a display for displaying at least one output of a security analyst information according to the selected user inputs; and

wherein the system provides a summary of an individual analyst'"'"'s ratings for a security that is displayable as a chart with at least first and second time series plots, the first time series plot being representative of the analyst'"'"'s recommendations over time with the analyst'"'"'s recommendations plotted against a vertical axis that is representative of recommendation levels and a horizontal axis that is representative of time, and the second time series plots being representative of a price for the security over time with the price for the security plotted against another vertical axis that is representative of security price and the horizontal axis is representative of time.

57. The system of claim 56, wherein the analyst'"'"'s rating level for a security is represented as a series of points representative of the analyst'"'"'s rating level.

58. The system of claim 57, wherein the series of points continues until an occurrence of a change.

59. The system of claim 57, wherein the series of points is a line.

60. The system of claim 58, wherein the change is a discontinuation of a recommendation of a stock.

61. The system of claim 60, wherein the series of points begins again when there is a re-continuation of the recommendation of the stock.

62. The system of claim 58, wherein the change is a change of a recommendation level to a different recommendation level

63. The system of claim 57, wherein re-continuation of the recommendation is shown as a data marker.

64. The system of claim 56, wherein the vertical and horizontal axes are interchangeable.

65. The system of claim 56, wherein the chart is configurable to provide an overlay or underlay of one or more of, a highest recommendation level of a plurality of analysts, a lowest recommendation level of the plurality of analysts, and an average recommendation level of the plurality of analysts.

66. The system of claim 65, wherein a change in the highest or lowest recommendation level of a plurality of analysts is plotted as a stairstep to represent a change in recommendation level.

67. The system of claim 56, wherein the time period for the chart display is selectable by the user.

68. The system of claim 56, wherein at least one table with summarizing data is displayed with the chart.

69. The system of claim 68, wherein the summarizing data includes information selected from, a recommendation level, an initiation date of recommendation, a termination date of recommendation, an amount of time active relative to recommendation, a price at a time of initiation of recommendation, a price at a time of termination of recommendation, and a percent return over a duration of the recommendation.

70. The system of claim 68, wherein the summarizing data includes information selected from, a beginning of a chart period, an end of the chart period, a beginning date of a selected month, a beginning date of a selected year, and a date and price level of a security.

71. A computer implemented system for measuring an analyst'"'"'s security recommendation performance, comprising:

means for providing information on at least a portion of securities covered by an analyst;

means for providing a plurality of selectable user inputs to enable a user to display analyst security recommendation information;

means for providing input by a user; and

means for displaying at least one output of a security analyst information according to the selected user inputs.