Security analyst performance tracking and analysis system and method
First Claim
1. A computer-implemented system for objectively measuring security analysts'"'"' performance based on historical accuracy of their earnings predictions for one or more securities, the system comprising:
- a database of historical data, the historical data including;
(i) individual earnings predictions by a plurality of analysts pertaining to at least one earnings event for a given security;
(ii) revisions made by an analyst to an earnings prediction prior to an actual earnings report date;
(iii) actual reported earnings for earnings events for securities; and
(iv) dates of the earnings predictions, revisions to earnings predictions, and the actual reported earnings;
a user interface for selecting criteria, including one or more of a time frame over which earnings predictions are to be measured;
a number of periods over which to measure performance;
at least one error metric to be used to calculate performance;
one or more securities over which to measure performance; and
exclusion criteria by which to exclude certain earnings predictions; and
a processor for determining performance based on the selected criteria and the historical data.
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Accused Products
Abstract
A system and method for measuring, analyzing, and tracking the past performance of security analysts'"'"' earnings estimates and recommendations. A database containing historical information pertaining to analyst earnings estimates and recommendations is downloaded into the system. Pre-calculated data values are also added to the database including adjustment factors a single or set of analysts based upon their historical earnings estimates as compared to actual earnings estimates over time, and other user-defined performance analysis set parameters and metrics. A weighting factor may also be calculated for a set of analysts based upon factors such as the recency of an analyst'"'"'s earnings estimates. Using these adjustment and weighting factors and each analyst'"'"'s actual earnings estimate, a custom composite estimate may be derived. A front-end graphical user interface (GUI) is used to view analyst historical data either as raw data or, by using a data visualization technique, as a graph or chart.
94 Citations
16 Claims
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1. A computer-implemented system for objectively measuring security analysts'"'"' performance based on historical accuracy of their earnings predictions for one or more securities, the system comprising:
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a database of historical data, the historical data including;
(i) individual earnings predictions by a plurality of analysts pertaining to at least one earnings event for a given security;
(ii) revisions made by an analyst to an earnings prediction prior to an actual earnings report date;
(iii) actual reported earnings for earnings events for securities; and
(iv) dates of the earnings predictions, revisions to earnings predictions, and the actual reported earnings;
a user interface for selecting criteria, including one or more of a time frame over which earnings predictions are to be measured;
a number of periods over which to measure performance;
at least one error metric to be used to calculate performance;
one or more securities over which to measure performance; and
exclusion criteria by which to exclude certain earnings predictions; and
a processor for determining performance based on the selected criteria and the historical data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A computer-implemented method of objectively measuring security analysts'"'"' performance based on historical accuracy of their earnings predictions for one or more securities, the method comprising the steps of:
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storing historical data in a database, the historical data including;
(i) individual earnings predictions by a plurality of analysts pertaining to at least one earnings event for a given security;
(ii) revisions made by an analyst to an earnings prediction prior to an actual earnings report date;
(iii) actual reported earnings for earnings events for securities; and
(iv) dates of the earnings predictions, revisions to earnings predictions, and the actual reported earnings;
selecting criteria via a user interface, including one or more of a time frame over which earnings predictions are to be measured;
a number of periods over which to measure performance;
at least one error metric to be used to calculate performance;
one or more securities over which to measure performance; and
exclusion criteria by which to exclude certain earnings predictions; and
determining performance based on the selected criteria and the historical data. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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Specification