Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Bottom-Up

<ul>
<li>
Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.</li>
<li>
Highlights: Currently 14 pair trade opportunities across four markets and six sectors persist.</li>
<li>
Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.</li>
</ul>



Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.

Highlights: Currently 14 pair trade opportunities across four markets and six sectors persist.

Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.


Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (13 Oct)

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/abc-mart-inc" target="_blank" data-smartkarma-citation="entities:3213:1" rel="noopener">ABC Mart (2670 JP)</a> vs. <a href="https://www.smartkarma.com/entities/fast-retailing-co-ltd" target="_blank" data-smartkarma-citation="entities:751:1" rel="noopener">Fast Retailing (9983 JP)</a> price-ratio has deviated more than three standard deviations from its one-year average, presenting a potential relative value opportunity.</li>
<li>
Highlights: Going long ABC Mart (2670 JP) and short Fast Retailing (9983 JP) targets an 11% return. Both companies reported very recently.</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 ABC Mart (2670 JP) vs. Fast Retailing (9983 JP) price-ratio has deviated more than three standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long ABC Mart (2670 JP) and short Fast Retailing (9983 JP) targets an 11% return. Both companies reported very recently.

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.


ABC Mart (2670 JP) Vs. Fast Retailing (9983 JP): Quant-Driven Japan Retail Pair Trade

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

<ul>
<li>The footwear retail sector is a one horse race, with that horse being ABC Mart.</li>
<li>It continues to grow at a respectable rate while increasingly diminutive rivals contract.</li>
<li>ABC Mart is expanding further into the apparel category too, providing more room for future growth.</li>
</ul>


The footwear retail sector is a one horse race, with that horse being ABC Mart.
It continues to grow at a respectable rate while increasingly diminutive rivals contract.
ABC Mart is expanding further into the apparel category too, providing more room for future growth.


ABC Mart Extends Lead in Japan's Footwear Market as Competitors Contract

<ul>
<li>The disparity between the leading footwear retailers continues to widen.</li>
<li>ABC Mart is pulling so far ahead that it has the market almost to itself. </li>
<li>Chiyoda may have finally turned the corner but G-Foot may need further financial support from Aeon.</li>
</ul>


The disparity between the leading footwear retailers continues to widen.
ABC Mart is pulling so far ahead that it has the market almost to itself. 
Chiyoda may have finally turned the corner but G-Foot may need further financial support from Aeon.


ABC Mart Forges Further Ahead of Competitors

Thematic (Sector/Industry)

<ul>
<li>Results for FY2022-23 provide a snapshot of winners and losers in Japan's retail sector.</li>
<li>The data shows a big improvement in performance for retailers with sales of ¥250 billion or more and the outlook is positive for most, particularly for profits.</li>
<li>This also means that market concentration is intensifying, particularly in sectors like drugstores but also now in supermarkets. We highlight the winners in each sector.</li>
</ul>


Results for FY2022-23 provide a snapshot of winners and losers in Japan's retail sector.
The data shows a big improvement in performance for retailers with sales of ¥250 billion or more and the outlook is positive for most, particularly for profits.
This also means that market concentration is intensifying, particularly in sectors like drugstores but also now in supermarkets. We highlight the winners in each sector.


Japan

ABC-MART, INC. plans, develops, wholesales, and retails shoes.  The Company also plans and develops brand name shoes such as VANS and G.T. HAWKINS.  ABC-Mart imports and wholesales shoes, apparel, bags, and sundries as well.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

ABC Mart (2670 JP)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (13 Oct)

Statistical methodology identifies 14 pair trade opportunities across four markets and six sectors, offering unique insights into relative value.

Gaudenz Schneider

ABC Mart (2670 JP) Vs. Fast Retailing (9983 JP): Quant-Driven Japan Retail Pair Trade

Long ABC Mart (2670 JP) vs. Short Fast Retailing (9983 JP) price-ratio presents a potential 11% return opportunity for quantitative traders...

Gaudenz Schneider

ABC Mart Extends Lead in Japan's Footwear Market as Competitors Contract

ABC Mart dominates the footwear retail sector, expanding as rivals shrink, and now venturing into apparel for continued growth as well as...

Michael Causton

ABC Mart Forges Further Ahead of Competitors

ABC Mart is dominating the footwear retail market, leaving competitors like Chiyoda and G-Foot struggling to keep up. ABC also has a strong growth...

Michael Causton

Japan's Best Performing Retailers

There were strong improvements in both sales and profits for leading retailers last year and the following insight looks at the main winners and...

Michael Causton

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (13 Oct)

​Statistical methodology identifies 14 pair trade opportunities across four markets and six sectors, offering unique insights into relative value.

Gaudenz Schneider

ABC Mart (2670 JP) Vs. Fast Retailing (9983 JP): Quant-Driven Japan Retail Pair Trade

​Long ABC Mart (2670 JP) vs. Short Fast Retailing (9983 JP) price-ratio presents a potential 11% return opportunity for quantitative traders...

Gaudenz Schneider

ABC Mart Extends Lead in Japan's Footwear Market as Competitors Contract

​ABC Mart dominates the footwear retail sector, expanding as rivals shrink, and now venturing into apparel for continued growth as well as...

Michael Causton

ABC Mart Forges Further Ahead of Competitors

​ABC Mart is dominating the footwear retail market, leaving competitors like Chiyoda and G-Foot struggling to keep up. ABC also has a strong growth...

Michael Causton

Japan's Best Performing Retailers

There were strong improvements in both sales and profits for leading retailers last year and the following insight looks at the main winners and...

Michael Causton

Statistical methodology identifies 14 pair trade opportunities across four markets and six sectors, offering unique insights into relative value.

Long ABC Mart (2670 JP) vs. Short Fast Retailing (9983 JP) price-ratio presents a potential 11% return opportunity for quantitative traders...

ABC Mart dominates the footwear retail sector, expanding as rivals shrink, and now venturing into apparel for continued growth as well as...

ABC Mart is dominating the footwear retail market, leaving competitors like Chiyoda and G-Foot struggling to keep up. ABC also has a strong growth...