Factors Directory

Quantitative Trading Factors

Five-year rolling average number of independent claims

Quality FactorFundamental factors

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Independent claims refer to complete claims that do not rely on other claims to determine their scope of protection and technical features. The more independent claims there are, the wider the scope of technology covered by the patent, the higher the degree of innovation, and the greater the commercial value. This factor is designed to assess the technical depth and breadth of a company's patents. The rolling average calculation method can smooth short-term fluctuations and better reflect the company's long-term innovation capabilities.

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