Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>The review period for the March rebalance of the KOSPI Size Indices commences on 1 December and will end on 28 February.</li>
<li>We see 5 migrations from MidCap to LargeCap, 1 new addition to LargeCap, 8 stocks moving from SmallCap to MidCap and 1 new addition to MidCap.</li>
<li>The migrations from MidCap to LargeCap have outperformed the other migration categories. Four potential LargeCap to MidCap migrations will be deleted from a global index later this month.</li>
</ul>


The review period for the March rebalance of the KOSPI Size Indices commences on 1 December and will end on 28 February.
We see 5 migrations from MidCap to LargeCap, 1 new addition to LargeCap, 8 stocks moving from SmallCap to MidCap and 1 new addition to MidCap.
The migrations from MidCap to LargeCap have outperformed the other migration categories. Four potential LargeCap to MidCap migrations will be deleted from a global index later this month.


KOSPI Size Indices: Global Index Selling Leads to Potential Downward Migration

Index Rebalance

Hyosung Heavy Industries Corp / Index Rebalance

Hyosung Heavy Industries Corp (298040 KS)

<ul>
<li>With the review period for the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX)</a> December rebalance complete, there should be 4 adds and 5 deletes at the review.</li>
<li>The impact on the potential inclusions ranges from 2.3-23 days of ADV while the impact on the potential deletions varies from 5-16 days of ADV.</li>
<li>The forecast adds outperformed the forecast deletes early in the review period but there has been little to see over the last few months.</li>
</ul>


With the review period for the Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX) December rebalance complete, there should be 4 adds and 5 deletes at the review.
The impact on the potential inclusions ranges from 2.3-23 days of ADV while the impact on the potential deletions varies from 5-16 days of ADV.
The forecast adds outperformed the forecast deletes early in the review period but there has been little to see over the last few months.


KOSPI200 Index Rebalance Preview: Potential Changes as Review Period Ends

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>We look at Korea's leading KOSPI200 Index every month and publish ADDs and DELETEs expected for the next rebalance.</li>
<li>Our final rankings are now set (assuming no strange disasters in the data). We see 5 ADDs and 6 DELETEs in the upcoming December rebalance. </li>
<li>For the third insight in a row, I am sticking with the same single trade. So far in 5 weeks it is +11.6% vs KOSPI200. There are others. </li>
</ul>


We look at Korea's leading KOSPI200 Index every month and publish ADDs and DELETEs expected for the next rebalance.
Our final rankings are now set (assuming no strange disasters in the data). We see 5 ADDs and 6 DELETEs in the upcoming December rebalance. 
For the third insight in a row, I am sticking with the same single trade. So far in 5 weeks it is +11.6% vs KOSPI200. There are others. 


Quiddity Leaderboard KOSPI 200 Dec 24 Rebal: Final Rankings - Multiple Trades To Do

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>In this insight, we discuss stocks that are highlighted in the local media as potential inclusion and exclusion candidates in the KOSPI 200 rebalance in December 2024.</li>
<li>Stocks that are expected to be included in the KOSPI 200 index include Hyosung Heavy Industries, APR, Miwon Commercial, and OCI.</li>
<li>Stocks that have been discussed as the most likely exclusion candidates in the KOSPI 200 rebalance include Lotte Tour Development, MS Industrial, Young Poong, GC Holdings, and KG Donbu Steel. </li>
</ul>


In this insight, we discuss stocks that are highlighted in the local media as potential inclusion and exclusion candidates in the KOSPI 200 rebalance in December 2024.
Stocks that are expected to be included in the KOSPI 200 index include Hyosung Heavy Industries, APR, Miwon Commercial, and OCI.
Stocks that have been discussed as the most likely exclusion candidates in the KOSPI 200 rebalance include Lotte Tour Development, MS Industrial, Young Poong, GC Holdings, and KG Donbu Steel. 


KOSPI 200 Rebalance in December 2024 Highlighted by Locals

<ul>
<li>KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX).</li>
<li>In this insight, we take a look at the names leading the race to become ADDs and DELs during the upcoming semiannual review in December 2024.</li>
<li>We expect up to five ADDs and six DELs for the KOSPI 200 Index during this rebal event based on the latest available data. Small increase vs two weeks ago.</li>
</ul>


KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX).
In this insight, we take a look at the names leading the race to become ADDs and DELs during the upcoming semiannual review in December 2024.
We expect up to five ADDs and six DELs for the KOSPI 200 Index during this rebal event based on the latest available data. Small increase vs two weeks ago.


Quiddity Leaderboard KOSPI 200 Dec 24: Up to 5 ADDs & 6 DELs Possible

South Korea

Hyosung Heavy Industries Corporation manufactures electrical power equipment. The Company produces and sells transformers, generators, and other related products. Hyosung Heavy Industries markets its products worldwide.

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Hyosung Heavy Industries Corp (298040 KS)

KOSPI Size Indices: Global Index Selling Leads to Potential Downward Migration

There could be 29 migrations for the KOSPI Size indices in March, plus 1 LargeCap and 1 MidCap inclusion. The MidCap to LargeCap migrations have...

Brian Freitas

KOSPI200 Index Rebalance Preview: Potential Changes as Review Period Ends

Review period complete. We forecast 4 adds, 5 deletes with some close names. Passive trading impact is 2.3-16x ADV. Adds outperformed deletes early...

Brian Freitas

Quiddity Leaderboard KOSPI 200 Dec 24 Rebal: Final Rankings - Multiple Trades To Do

The KOSPI200 December 2024 rebal has its reference data. Unless there are dramatic changes, the rebal should be set. We expect 5 ADDs 6 DELETEs. I...

Travis Lundy

KOSPI 200 Rebalance in December 2024 Highlighted by Locals

In this insight, we discuss stocks that are highlighted in the local media as potential inclusion and exclusion candidates in the KOSPI 200...

Douglas Kim

Quiddity Leaderboard KOSPI 200 Dec 24: Up to 5 ADDs & 6 DELs Possible

We have added one each to the ADDs and DELs list for the December 2024 rebal of KOSPI200. I still like Dongwon Industries. That trade is up 4+% in...

Travis Lundy

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