Weather-based financial index

• US 20060293980A1
• Filed: 06/23/2005
• Published: 12/28/2006
• Est. Priority Date: 06/23/2005
• Status: Abandoned Application

• Current Assignee: Planalytics, Inc.
• Original Assignee: Planalytics, Inc.
• Inventors: Fox, Frederic D., Corby, Paul Mark, Machado, Roberto Correa Jr.
• Application Number:
  US11/159,252
• Publication Number:
  US 20060293980A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A weather-based financial index is based at least in part on weather. The index may take into account any of a variety of weather factors, such as temperature, precipitation, humidity, number of sunny or overcast days in a period of time, number of freeze days in a period of time, etc. Weather factor value(s) are combined with one or more financial components to provide the weather-based financial index. The index may be traded on an exchange, such as the New York Mercantile Exchange (NYMEX). The value of the index may be calculated based on any period, such as daily, weekly, monthly, yearly, etc. Values of the index may provide insight into the direction of a component of the index, a market or industry corresponding to the component, or the index itself.

Claims

1. A method for generating a weather-based financial index, comprising:

combining a plurality of financial components, thereby generating a combination of components; and

dividing the combination of components by a value of a weather factor, thereby generating the weather-based financial index.

2. The method of claim 1, wherein the combining of the financial components includes multiplying the financial components by respective weighting factors.

3. The method of claim 2, wherein the weighting factors include at least one of respective stocks-to-use ratios, supply variables, or demand variables.

4. The method of claim 2, wherein the weighting factors have a common unit of measurement.

5. The method of claim 1, wherein the financial components include a price of at least one of crude oil, natural gas, heating oil, and gasoline.

6. The method of claim 1, wherein the financial components include a value of at least one of an equity instrument, an income instrument, and an insurance variable.

7. The method of claim 1, wherein the weather factor is based on a temperature.

8. The method of claim 1, wherein the weather factor is based on precipitation.

9. The method of claim 1, wherein the weather factor is based on storm activity.

10. The method of claim 1, wherein the weather factor is based on two or more weather variables.

11. The method of claim 1, wherein the financial components represent commodities.

12. The method of claim 1, wherein the financial components represent equity instruments.

13. The method of claim 1, wherein the financial components represent same-store-sales values of respective equities.

14. The method of claim 1, wherein the financial components represent rate-of-change values of respective equities.

15. The method of claim 1, wherein the financial components represent dividends paid per period for respective equities.

16. The method of claim 1, wherein at least one financial component is based on an economic indicator.

17. The method of claim 1, wherein the financial components represent income instruments.

18. A computer program product comprising logic embodied in a medium for causing a computer system to generate a weather-based financial index, the logic including:

a first module that causes the computer system to combine a plurality of financial components, thereby generating a combination of components; and

a second module that causes the computer system to divide the combination of components by a value of a weather factor, thereby generating the weather-based financial index.

19. The article of claim 18, further comprising a third module to multiply the financial components by respective weighting factors.

20. The article of claim 19, wherein the weighting factors include at least one of respective stocks-to-use ratios, supply variables, or demand variables.

21. The article of claim 19, wherein the weighting factors have a common unit of measurement.

22. The article of claim 18, wherein the financial components include a price of at least one of crude oil, natural gas, heating oil, and gasoline.

23. The article of claim 18, wherein the financial components include a value of at least one of an equity instrument, an income instrument, and an insurance variable.

24. The article of claim 18, wherein the weather factor is based on a temperature.

25. The article of claim 18, wherein the weather factor is based on precipitation.

26. The article of claim 18, wherein the weather factor is based on storm activity.

27. The article of claim 18, wherein the weather factor is based on two or more weather variables.

28. The article of claim 18, wherein the financial components represent commodities.

29. The article of claim 18, wherein the financial components represent equity instruments.

30. The article of claim 18, wherein the financial components represent same-store-sales values of respective equities.

31. The article of claim 18, wherein the financial components represent rate-of-change values of respective equities.

32. The article of claim 18, wherein the financial components represent dividends paid per period for respective equities.

33. The article of claim 18, wherein at least one financial component is based on an economic indicator.

34. The article of claim 18, wherein the financial components represent income instruments.

35. A method of generating a weather-based financial index, comprising:

identifying a financial component and a value of a weather factor; and

combining the financial component and the weather factor value, thereby providing the weather-based financial index.

36. The method of claim 35, wherein the combining of the financial component and the weather factor value includes dividing the financial component by the weather factor value.

37. The method of claim 35, further comprising:

multiplying the financial component by at least one of a stocks-to-use ratio, a supply variable, or a demand variable.

38. The method of claim 35, wherein the financial component is based on a price of at least one of crude oil, natural gas, heating oil, and gasoline.

39. The method of claim 35, wherein the financial component is based on a value of at least one of an equity instrument, an income instrument, and an insurance variable.

40. The method of claim 35, wherein the weather factor is based on a temperature.

41. The method of claim 35, wherein the weather factor is based on precipitation.

42. The method of claim 35, wherein the weather factor is based on storm activity.

43. The method of claim 35, wherein the weather factor is based on two or more weather variables.

44. The method of claim 35, wherein the financial component represents a commodity.

45. The method of claim 35, wherein the financial component represents an equity instrument.

46. The method of claim 35, wherein the financial component represents a same-store-sales value of an equity.

47. The method of claim 35, wherein the financial component represents a rate-of-change value of an equity.

48. The method of claim 35, wherein the financial component represents a dividends paid per period for an equity.

49. The method of claim 35, wherein the financial component is based on an economic indicator.

50. The method of claim 35, wherein the financial component represents an income instrument.