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US 2014/0279679 A1Published application
Multi-Factor Investment Fund Rating Scoring System And Method
AssigneeSpectrum Investment Advisors, Inc.
InventorsJames F. Marshall, Jonathan J. Marshall, Manuel Rosado, Samuel J. Vanden Heuvel, Paul F. Martinez
Life of this patent
Estimating the term…
Abstract
A system of and method for generating investment fund rating scores using a number of factors including criteria related to risk factors, performance, and qualitative factors. Historical weighting is provided to minimize the effect of short-term fluctuations, and the various factors are also weighted to establish the relative contributions of each of the evaluated factors. The ratings can be used to select, evaluate, and monitor mutual funds.
Claims25
A system for generating relative ratings of mutual funds, comprising:
- a computer readable investment information database configured to store information including historical performance information for a large plurality of mutual funds of at least two different investment categories;
- a rating scoring system processor coupled to the investment information database, with the rating scoring system processor configured to:
- for each mutual fund to be rated, determine whether historical performance information for at least one of at least two different time periods exists;
- for each mutual fund to be rated having historical performance information for at least one time period, determining, based upon the historical performance information, a relative ranking of the mutual fund to be rated with other mutual funds that are in the same investment category as the mutual fund to be rated for each of a plurality of factors;
- wherein the plurality of factors includes a performance factor, at least one risk factor, and at least one qualitative factor;
- and
- wherein if the mutual fund to be rated has historical performance information for multiple time periods, a separate ranking is determined for at least some of the plurality of factors for each of the multiple time periods;
- for each of the plurality of factors for each mutual fund to be rated that has separate rankings for each of multiple time periods, applying a time-based weighting to the separate rankings for such factors and combining the weighted separate rankings for each of such factors into a single ranking for each such factor;
- and
- for each mutual fund to be rated, applying a factor weighting to the rankings for each of the plurality of factors and combining the weighted plurality of factors into a single rating of the mutual fund being rated.
7 more elements
A system as defined in claim 2, additionally comprising:
- a commercial source of investment information;
- a network server for connection via a network to the commercial source of investment information wherein the network service is configured to periodically download investment information from the source of investment information for storage in the investment information database;
- and
- a data filter configured to provide a desired subset of the investment information stored in the investment information database to the rating scoring system processor.
1 more element
A system for generating relative ratings of mutual funds, comprising:
- a computer readable investment information database configured to store information including historical performance information for a large plurality of mutual funds of multiple different investment categories;
- a rating scoring system processor coupled to the investment information database, with the rating scoring system processor configured to:
- for each mutual fund to be rated, determine whether historical performance information for at least one of at least three different time periods exists;
- for each mutual fund to be rated having historical performance information for at least one time period, determining, based upon the historical performance information, a relative ranking of the mutual fund to be rated with other mutual funds that are in the same investment category as the mutual fund to be rated for each of a plurality of factors;
- wherein the plurality of factors includes a performance factor, a plurality of risk factors, and a plurality of qualitative factors;
- and
- wherein if the mutual fund to be rated has historical performance information for multiple time periods, a separate ranking is determined for each time period for each of the factors having historical performance information for multiple time periods;
- for each of the plurality of factors for each mutual fund to be rated that has separate rankings for each of the multiple time periods, applying a time-based weighting to the separate rankings for such factors and combining the weighted separate rankings for each of such factors into a single ranking for each such factor;
- and
- for each mutual fund to be rated, applying a factor weighting to the rankings for each of the plurality of factors and combining the weighted plurality of factors into a single rating of the mutual fund being rated.
7 more elements
A system for generating relative ratings of mutual funds, comprising:
- a computer readable investment information database configured to store information including historical performance information for a large plurality of mutual funds;
- a rating scoring system processor coupled to the investment information database, with the rating scoring system processor configured to:
- for each mutual fund to be rated, determine whether historical performance information for at least one of at least two different time periods exists;
- for each mutual fund to be rated having historical performance information for at least one time period, determining a relative ranking of the mutual fund to be rated with other mutual funds for each of a plurality of factors;
- wherein if the mutual fund to be rated has historical performance information for multiple time periods, a separate ranking is determined for at least some of the plurality of factors for each time period;
- for each of the plurality of factors for each mutual fund to be rated that has separate rankings for multiple time periods, applying a time-based weighting and combining the weighted separate rankings into a single ranking for each factor;
- and
- applying a factor weighting to the rankings for each of the plurality of factors and combining the weighted plurality of factors into a single rating of the mutual fund being rated.
5 more elements
A method of generating relative ratings of mutual funds, comprising:
- storing information including historical performance information for a large plurality of mutual funds of at least two different investment categories in an investment information database;
- for each mutual fund to be rated, determining whether historical performance information for at least one of at least two different time periods exists;
- for each mutual fund to be rated having historical performance information for at least one time period, determining, based upon the historical performance information, a relative ranking of the mutual fund to be rated with other mutual funds that are in the same investment category as the mutual fund to be rated for each of a plurality of factors;
- if the mutual fund to be rated has historical performance information for multiple time periods, determining a separate ranking for at least some of the plurality of factors for each of the multiple time periods;
- for each of the plurality of factors for each mutual fund to be rated that has separate rankings for each of the multiple time periods, applying a time-based weighting to the separate rankings for such factors and combining the weighted separate rankings for each of such factors into a single ranking for each such factor;
- and
- for each mutual fund to be rated, applying a factor weighting to the rankings for each of the plurality of factors and combining the weighted plurality of factors into a single rating of the mutual fund being rated.
4 more elements
Dependencies are inferred from the claim text.