WASHINGTON, March 15, 2016 /PRNewswire/ -- On March 1, 2016, the State Intellectual Property Office (SIPO) of the People's Republic of China issued a 20-year patent on the SportsRiskIndex (SRI), the World's First "S&P 500" for Sports.
What is the SportsRiskIndex™?
The SportsRiskIndex™ (SRI) is a published index figure that represents approximate market value for any given sports entity. The sports entity can be a team or league.
How is the SRI derived?
The SRI patented formula takes into account such variables as attendance, TV ratings, and other publicly available economic data to calculate the SRI for the sports entity.
The SRI for my team is $800. What does that mean?
Based on the revenues your team is generating, the SRI predicts that your team has an approximate market value of $800 million. It is recommended that you compare this number to the SRI of the other similar teams and the league.
How do I buy/sell the SRI?
The SRI cannot be purchased directly. Brokers sell SRI contracts at a price based on the SRI price. An SRI contract for a sports entity can be traded like any other futures contract. Long or short positions can be used by a trader depending on their trading strategy.
How much does an SRI contract cost?
The value of a contract for a sports entity will vary based on the cash value as calculated by the SRI formula plus or minus any premium or discount built in by the market. In order to take a position, a trader will only need a fraction of the full SRI value in their account. The fraction amount required in the trader's account is called the 'margin'.
Why should I trade the SRI?
The SRI can be used like any other trading or investing instrument. But since the SRI focuses specifically on sports related financial data, it is uniquely positioned to help businesses in that industry. Businesses with exposure to fluctuations in finances related to sports can use an SRI as a hedging tool to limit their risk. Individuals may want to trade SRI contracts as a tool to put their knowledge of a specific sports entity or sports in general to diversify from the usual stocks and commodities.
Co-Founder and C.E.O., Chris Rabalais, says, "After more than 7 years of effort on this application, we are very pleased that China issued this important patent. It sends a signal of the seriousness of our efforts in bringing valuable sports risk management tools to China and the world. This is only the beginning."
For more information, contact:
AllSportsMarket (ASM) Media Relations
(705) 772-7066 or Email
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/allsportsmarket-asm-secures-20-year-monopoly-rights-in-china-on-the-first-sp-500-for-sports-300236526.html