Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Bottom-Up

Yancoal Australia Ltd. provides mining services. The Company mines, sells, exports, and markets clean and coking coal. Yancoal operates internationally.

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/yancoal-australia-ltd" target="_blank" data-smartkarma-citation="entities:4145:1" rel="noopener">Yancoal Australia (YAL AU)</a> vs. <a href="https://www.smartkarma.com/entities/woodside-energy-group-ltd" target="_blank" data-smartkarma-citation="entities:13190:1" rel="noopener">Woodside Energy (WDS AU)</a> price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.</li>
<li>
Highlights: Going long Yancoal Australia (YAL AU) and short Woodside Energy (WDS AU) targets a 6% return.</li>
<li>
Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.</li>
</ul>



Context: The Yancoal Australia (YAL AU) vs. Woodside Energy (WDS AU) price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long Yancoal Australia (YAL AU) and short Woodside Energy (WDS AU) targets a 6% return.

Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.


Long Yancoal (YAL AU) Vs. Short Woodside (WDS AU): Proven Pair Trade Back in Play, Targeting 6%

Woodside Energy Group Ltd / Equity Bottom-Up

Woodside Energy Group Ltd offers services to the underground coal mining industry, and builds oil, natural gas, and water pipelines.

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/woodside-energy-group-ltd" target="_blank" data-smartkarma-citation="entities:13190:1" rel="noopener">Woodside Energy Group (WDS AU)</a> vs. <a href="https://www.smartkarma.com/entities/ampol-ltd" target="_blank" data-smartkarma-citation="entities:345:1" rel="noopener">Ampol (ALD AU)</a> price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.</li>
<li>
Highlights: Going long Woodside Energy Group (WDS AU) and short Ampol (ALD AU) targets a 8% return.</li>
<li>
Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.</li>
</ul>



Context: The Woodside Energy Group (WDS AU) vs. Ampol (ALD AU) price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long Woodside Energy Group (WDS AU) and short Ampol (ALD AU) targets a 8% return.

Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.


Long Woodside (WDS AU) Vs. Short Ampol (ALD AU): Repeat Pair Trade Opens with 8% Target Return

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Thematic (Sector/Industry)

<ul>
<li>We remain BULLISH on gold for the long term; however, price corrections will depend on shorter-term trends in geopolitical factors, central bank buying, and buyer exhaustion. </li>
<li>The strong support for the price of gold comes from rapidly declining real rates and global currency debasement.  These underlying trends coupled with safe haven demand drive the recent surge.</li>
<li>ETFs have become the largest source of demand for gold in 2025 at over 50%.  Gold held by central banks is increasing as dollar FX reserves have declined since 2020.</li>
</ul>


We remain BULLISH on gold for the long term; however, price corrections will depend on shorter-term trends in geopolitical factors, central bank buying, and buyer exhaustion. 
The strong support for the price of gold comes from rapidly declining real rates and global currency debasement.  These underlying trends coupled with safe haven demand drive the recent surge.
ETFs have become the largest source of demand for gold in 2025 at over 50%.  Gold held by central banks is increasing as dollar FX reserves have declined since 2020.


Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

ORIENTAL LAND CO., LTD. operates Tokyo Disney Resort.  The Company also operates restaurants within the complex and sells Disney merchandise.

<ul>
<li>In this insight, we discuss a pair trade involving a basket of Korean consumer stocks (long) and  a basket of Japanese consumer stocks (short) over the next 3-6 months.</li>
<li>The 10 Korean names (long basket) include Samyang Food, APR, Amorepacific Corp, Korean Air, CJ Corp, Classys, Nongshim, Shinsegae, Hotel Shilla, and Lotte Tour Development. </li>
<li>The 10 Japanese names (short basket) include Fast Retailing, Oriental Land, Kao Corp, Seibu Holdings, ANA Holdings, Shiseido, J.Front Retailing, Kose Corp, Pola Orbis Holdings, and Kyoritsu Maintenance. </li>
</ul>


In this insight, we discuss a pair trade involving a basket of Korean consumer stocks (long) and  a basket of Japanese consumer stocks (short) over the next 3-6 months.
The 10 Korean names (long basket) include Samyang Food, APR, Amorepacific Corp, Korean Air, CJ Corp, Classys, Nongshim, Shinsegae, Hotel Shilla, and Lotte Tour Development. 
The 10 Japanese names (short basket) include Fast Retailing, Oriental Land, Kao Corp, Seibu Holdings, ANA Holdings, Shiseido, J.Front Retailing, Kose Corp, Pola Orbis Holdings, and Kyoritsu Maintenance. 


A Pair Trade Basket Of Korean Consumer/Leisure Stocks (Long) And Japanese Names (Short)

ICICI Bank Limited operates as a bank. The Bank offers saving accounts, loans, debit, credit cards, insurance, investments, mortgages, and online banking services. ICICI Bank serves customers worldwide.

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/axis-bank-ltd" target="_blank" data-smartkarma-citation="entities:768:1" rel="noopener">Axis Bank (AXSB IN)</a> vs. <a href="https://www.smartkarma.com/entities/icici-bank-ltd" target="_blank" data-smartkarma-citation="entities:547:1" rel="noopener">ICICI Bank (ICICIBC IN)</a> price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.</li>
<li>
Highlights: Going long ICICI Bank (ICICIBC IN) and short Axis Bank (AXSB IN) targets a 5% return.</li>
<li>
Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.</li>
</ul>



Context: The Axis Bank (AXSB IN) vs. ICICI Bank (ICICIBC IN) price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long ICICI Bank (ICICIBC IN) and short Axis Bank (AXSB IN) targets a 5% return.

Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.


Long ICICI Bank (ICICIBC IN) Vs. Short Axis Bank (AXSB IN): Quant-Driven Pair Trade in Indian Banks

Research on Long and Short Asian Largecap Ideas

Long and Short Ideas on Asian Largecaps
Research on Long and Short Asian Largecap Ideas

Long Yancoal (YAL AU) Vs. Short Woodside (WDS AU): Proven Pair Trade Back in Play, Targeting 6%

Potential statistical arbitrage opportunity with a 6% return by going long YAL AU and short WDS AU. Essential for quantitative traders seeking mean...

Gaudenz Schneider

Long Woodside (WDS AU) Vs. Short Ampol (ALD AU): Repeat Pair Trade Opens with 8% Target Return

Woodside Energy Group vs. Ampol price ratio signals a ~8% relative value trade to the one-standard-deviation line, ideal for quant traders...

Gaudenz Schneider

Gold: DON'T MELT YOUR JEWELRY YET!

Gold is reacting to the Fed's decision to ease monetary policy substantially with a renewed QE program. The sizeable $40B monthly purchases...

David Mudd

A Pair Trade Basket Of Korean Consumer/Leisure Stocks (Long) And Japanese Names (Short)

In this insight, we discuss a pair trade involving a basket of Korean consumer stocks (long) and a basket of Japanese consumer stocks (short) over...

Douglas Kim

Long ICICI Bank (ICICIBC IN) Vs. Short Axis Bank (AXSB IN): Quant-Driven Pair Trade in Indian Banks

Pair trade with a 5% target-return amid significant deviation of the price ratio between Axis Bank vs. ICICI Bank. Opportunity for quantitative...

Gaudenz Schneider

Long Yancoal (YAL AU) Vs. Short Woodside (WDS AU): Proven Pair Trade Back in Play, Targeting 6%

Potential statistical arbitrage opportunity with a 6% return by going long YAL AU and short WDS AU. Essential for quantitative traders seeking mean...

Gaudenz Schneider

Long Woodside (WDS AU) Vs. Short Ampol (ALD AU): Repeat Pair Trade Opens with 8% Target Return

​Woodside Energy Group vs. Ampol price ratio signals a ~8% relative value trade to the one-standard-deviation line, ideal for quant traders...

Gaudenz Schneider

Gold: DON'T MELT YOUR JEWELRY YET!

Gold is reacting to the Fed's decision to ease monetary policy substantially with a renewed QE program. The sizeable $40B monthly purchases...

David Mudd

A Pair Trade Basket Of Korean Consumer/Leisure Stocks (Long) And Japanese Names (Short)

In this insight, we discuss a pair trade involving a basket of Korean consumer stocks (long) and a basket of Japanese consumer stocks (short) over...

Douglas Kim

Long ICICI Bank (ICICIBC IN) Vs. Short Axis Bank (AXSB IN): Quant-Driven Pair Trade in Indian Banks

​Pair trade with a 5% target-return amid significant deviation of the price ratio between Axis Bank vs. ICICI Bank. Opportunity for quantitative...

Gaudenz Schneider

Woodside Energy Group vs. Ampol price ratio signals a ~8% relative value trade to the one-standard-deviation line, ideal for quant traders...

Pair trade with a 5% target-return amid significant deviation of the price ratio between Axis Bank vs. ICICI Bank. Opportunity for quantitative...