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 seven pair trade opportunities persist across three markets and two sectors.
</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 seven pair trade opportunities persist across three markets and two sectors.


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 (16 Feb 2026)

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/ajinomoto-co-inc" target="_blank" data-smartkarma-citation="entities:8911:1" rel="noopener">Ajinomoto (2802 JP)</a> vs. <a href="https://www.smartkarma.com/entities/j-front-retailing-co-ltd" target="_blank" data-smartkarma-citation="entities:8947:1" rel="noopener">J Front Retailing (3086 JP)</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 Ajinomoto (2802 JP) and short J Front Retailing (3086 JP) targets an 11% 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 Ajinomoto (2802 JP) vs. J Front Retailing (3086 JP) price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long Ajinomoto (2802 JP) and short J Front Retailing (3086 JP) targets an 11% 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.


Ajinomoto (2802 JP) Vs. J Front Retailing (3086 JP): Stat Arb Setup After Earnings

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/inpex-corp" target="_blank" data-smartkarma-citation="entities:20665:1" rel="noopener">Inpex Corp (1605 JP)</a> vs. <a href="https://www.smartkarma.com/entities/tokuyama-corp" target="_blank" data-smartkarma-citation="entities:14781:1" rel="noopener">Tokuyama Corp (4043 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 <a href="https://www.smartkarma.com/entities/tokuyama-corp" target="_blank" data-smartkarma-citation="entities:14781:1" rel="noopener">Tokuyama Corp (4043 JP)</a> and short <a href="https://www.smartkarma.com/entities/inpex-corp" target="_blank" data-smartkarma-citation="entities:20665:1" rel="noopener">Inpex Corp (1605 JP)</a> targets a 12% 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 Inpex Corp (1605 JP) vs. Tokuyama Corp (4043 JP) price ratio has deviated more than three standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long Tokuyama Corp (4043 JP) and short Inpex Corp (1605 JP) targets a 12% 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.


Tokuyama (4043 JP) Vs. Inpex Corp (1605 JP): Statistical Arbitrage Targeting 12%

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/inpex-corp" target="_blank" data-smartkarma-citation="entities:20665:1" rel="noopener">Inpex Corp (1605 JP)</a> vs. <a href="https://www.smartkarma.com/entities/ngk-insulators-ltd" target="_blank" data-smartkarma-citation="entities:12580:1" rel="noopener">NGK Insulators (5333 JP)</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 <a href="https://www.smartkarma.com/entities/inpex-corp" target="_blank" data-smartkarma-citation="entities:20665:1" rel="noopener">Inpex Corp (1605 JP)</a> and short <a href="https://www.smartkarma.com/entities/ngk-insulators-ltd" target="_blank" data-smartkarma-citation="entities:12580:1" rel="noopener">NGK Insulators (5333 JP)</a> targets an 8% return, with <a href="https://www.smartkarma.com/entities/inpex-corp" target="_blank" data-smartkarma-citation="entities:20665:1" rel="noopener">Inpex (1605 JP)</a> supported by cheaper valuation.</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 Inpex Corp (1605 JP) vs. NGK Insulators (5333 JP) price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long Inpex Corp (1605 JP) and short NGK Insulators (5333 JP) targets an 8% return, with Inpex (1605 JP) supported by cheaper valuation.

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.


Inpex Corp (1605 JP) Vs. NGK Insulators (5333 JP): Quant Mean-Reversion Hits Trigger Zone

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/inpex-corp" target="_blank" data-smartkarma-citation="entities:20665:1" rel="noopener">Inpex (1605 JP)</a> vs. <a href="https://www.smartkarma.com/entities/nippon-electric-glass-co-ltd" target="_blank" data-smartkarma-citation="entities:2351:1" rel="noopener">Nippon Electric Glass (5214 JP)</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 <a href="https://www.smartkarma.com/entities/inpex-corp" target="_blank" data-smartkarma-citation="entities:20665:1" rel="noopener">Inpex (1605 JP)</a> and short <a href="https://www.smartkarma.com/entities/nippon-electric-glass-co-ltd" target="_blank" data-smartkarma-citation="entities:2351:1" rel="noopener">Nippon Electric Glass (5214 JP)</a> targets a 7% 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 Inpex (1605 JP) vs. Nippon Electric Glass (5214 JP) price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long Inpex (1605 JP) and short Nippon Electric Glass (5214 JP) targets a 7% 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 Inpex (1605 JP) Vs. Short Nippon Electric Glass (5214 JP): Statistical Arbitrage Targeting 7%

Japan

Maxis Nikkei 225 Index Fund is an exchange-traded fund incorporated in the USA. The Fund will seek daily investment results, before fees and expenses, that track the performance of the Nikkei 225 Index.

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

Maxis Nikkei 225 Index Fund (NKY US)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (16 Feb 2026)

Statistical methodology identifies seven pair trade opportunities across three markets and two sectors, offering unique insights into relative value.

Gaudenz Schneider

Ajinomoto (2802 JP) Vs. J Front Retailing (3086 JP): Stat Arb Setup After Earnings

11% target return opportunity by going long Ajinomoto (2802 JP) and short J Front Retailing (3086 JP) due to price ratio deviation. Ideal for...

Gaudenz Schneider

Tokuyama (4043 JP) Vs. Inpex Corp (1605 JP): Statistical Arbitrage Targeting 12%

Pair trade with a 12% target-return amid significant dislocation of Inpex and Tokuyama. Essential for quantitative traders seeking mean-reversion...

Gaudenz Schneider

Inpex Corp (1605 JP) Vs. NGK Insulators (5333 JP): Quant Mean-Reversion Hits Trigger Zone

Pair trade with an 8% target-return amid significant deviation of the price ratio between Inpex Corp and NGK Insulators. Opportunity for...

Gaudenz Schneider

Long Inpex (1605 JP) Vs. Short Nippon Electric Glass (5214 JP): Statistical Arbitrage Targeting 7%

Inpex vs. Nippon Electric Glass price ratio signals a ~7% relative value pair trade to the one-standard-deviation line, ideal for quant traders...

Gaudenz Schneider

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (16 Feb 2026)

​Statistical methodology identifies seven pair trade opportunities across three markets and two sectors, offering unique insights into relative value.

Gaudenz Schneider

Ajinomoto (2802 JP) Vs. J Front Retailing (3086 JP): Stat Arb Setup After Earnings

11% target return opportunity by going long Ajinomoto (2802 JP) and short J Front Retailing (3086 JP) due to price ratio deviation. Ideal for...

Gaudenz Schneider

Tokuyama (4043 JP) Vs. Inpex Corp (1605 JP): Statistical Arbitrage Targeting 12%

Pair trade with a 12% target-return amid significant dislocation of Inpex and Tokuyama. Essential for quantitative traders seeking mean-reversion...

Gaudenz Schneider

Inpex Corp (1605 JP) Vs. NGK Insulators (5333 JP): Quant Mean-Reversion Hits Trigger Zone

Pair trade with an 8% target-return amid significant deviation of the price ratio between Inpex Corp and NGK Insulators. Opportunity for...

Gaudenz Schneider

Long Inpex (1605 JP) Vs. Short Nippon Electric Glass (5214 JP): Statistical Arbitrage Targeting 7%

Inpex vs. Nippon Electric Glass price ratio signals a ~7% relative value pair trade to the one-standard-deviation line, ideal for quant traders...

Gaudenz Schneider

Statistical methodology identifies seven pair trade opportunities across three markets and two sectors, offering unique insights into relative value.