METHOD AND SYSTEM FOR MEASURING FINANCIAL ASSET PREDICTIONS USING SOCIAL MEDIA

• US 20150206243A1
• Filed: 12/29/2014
• Published: 07/23/2015
• Est. Priority Date: 12/27/2013
• Status: Abandoned Application

• Current Assignee: Martin Camins
• Original Assignee: Martin Camins
• Inventors: Camins, Martin
• Application Number:
  US14/584,111
• Publication Number:
  US 20150206243A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 50/01 Social networking

Abstract

A method according to an exemplary aspect of the present disclosure includes, among other things, storing a prediction of an individual on a computing device. The prediction is a prediction of a value of a financial asset over a time period. The method further includes comparing the prediction to the actual price of the financial asset over the time period, and generating a rating for the individual based on the relationship between the prediction and actual price. The method is performed using a computing device, which may include at least one of a personal computer (such as a tablet, smartphone, or laptop) and a server.

Claims

1. A method, comprising:

storing a prediction of an individual on a computing device, the prediction being a prediction of a price of a financial asset over a time period;

comparing, using the computing device, the prediction to the actual price of the financial asset over the time period; and

generating a rating, using the computing device, for the individual based on the relationship between the prediction and actual price.

2. The method as recited in claim 1, wherein the user is assigned a favorable rating when the actual price of the financial asset over the time period is consistent with the prediction.

3. The method as recited in claim 1, wherein the user is assigned an unfavorable rating when the actual price of the financial asset over the time period is inconsistent with the prediction.

4. The method as recited in claim 1, wherein the computing device includes at least one of a tablet, a smartphone, a portable computer, a personal computer, and a server, and wherein the steps of the method are performed using the computing device.

5. The method as recited in claim 1, wherein the prediction is determined by identifying at least one keyword within a social media message.

6. The method as recited in claim 5, wherein the at least one keyword includes a stock symbol and a term indicative of whether that stock will increase or decrease in price over time.

7. The method as recited in claim 6, wherein the at least one keyword includes a term indicative of the duration associated with the prediction.

8. The method as recited in claim 1, wherein the prediction is determined by presenting the individual with at least one prompt.

9. The method as recited in claim 8, wherein the at least one prompt includes a field for the individual to enter a valid stock symbol, a field for the individual to enter a directional prediction for the stock symbol, and a field for the user to enter a time period.

10. The method as recited in claim 9, including constructing a social media message based on entries the individual enters into the fields.

11. The method as recited in claim 1, wherein the individual is assigned a level of achievement based on the accuracy of a plurality of predictions made by the individual.

12. A system, comprising:

a computing device configured to store a prediction of an individual, the prediction being a prediction of a price of a financial asset over a time period, the computing device further configured to compare the prediction to the actual price of the financial asset over the time period and to generate a rating of the individual based on the relationship between the prediction and actual price.

13. The system as recited in claim 12, wherein the computing device is configured to assign the individual a favorable rating when the actual price of the financial asset over the time period is consistent with the prediction.

14. The system as recited in claim 12, wherein the computing device is configured to assign the individual an unfavorable rating when the actual price of the financial asset over the time period is inconsistent with the prediction.

15. The system as recited in claim 12, wherein the computing device includes at least one of a tablet, a smartphone, a portable computer, a personal computer, and a server.

16. The system as recited in claim 12, wherein the prediction is determined by identifying at least one keyword within a social media message.

17. The system as recited in claim 16, wherein the at least one keyword includes a stock symbol and a term indicative of whether that stock will increase or decrease in price over time.

18. The system as recited in claim 12, wherein the prediction is determined by presenting the individual with at least one prompt.

19. The system as recited in claim 18, wherein the at least one prompt includes a field for the individual to enter a valid stock symbol, a field for the individual to enter a directional prediction for the stock symbol, and a field for the user to enter a time period.

20. The system as recited in claim 19, wherein the computing device is configured to construct a social media message based on entries the individual enters into the fields.