US Patent Issued to ECONOMIC ALCHEMY on July 29 for "Methods and systems to quantify and index correlation risk in financial markets and risk management contracts thereon" (Pennsylvania, New York Inventors)

ALEXANDRIA, Va., July 30 -- United States Patent no. 12,373,890, issued on July 29, was assigned to ECONOMIC ALCHEMY INC. (N.Y.).

"Methods and systems to quantify and index correlation risk in financial markets and risk management contracts thereon" was invented by Giselle Claudette Guzman (New York) and Lawrence Klein (Gladwyne, Pa.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for creating indicators to quantify and index correlation risk that is market-wide among a broad set of asset classes or portfolio specific relative to an investor's portfolio holdings. The present disclosure relates to risk management in financial markets, and in particular to systems and methods for quantifying...