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: In Japan, currently two pair trade opportunities persist across 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: In Japan, currently two pair trade opportunities persist across 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.


Japan: Relative Value Opportunities and Pair Trades (7 Sep 2026)

<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 eight pair trade opportunities persist across four markets and three 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 eight pair trade opportunities persist across four markets and three 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 (7 Sep 2026)

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>Steel Strips Wheels Ltd (SSWL) continues to strengthen its position as a global steel wheel manufacturer with expanding exports, capacity additions and product diversification. </li>
<li>Rising vehicle production, increasing aluminium wheel costs, and global sourcing opportunities create a favourable growth environment for steel wheel manufacturers.</li>
<li>Execution risk on capacity ramp-up and a still-unsettled US tariff regime leave the re-rating case more nuanced than the headline growth suggests.</li>
</ul>


Steel Strips Wheels Ltd (SSWL) continues to strengthen its position as a global steel wheel manufacturer with expanding exports, capacity additions and product diversification. 
Rising vehicle production, increasing aluminium wheel costs, and global sourcing opportunities create a favourable growth environment for steel wheel manufacturers.
Execution risk on capacity ramp-up and a still-unsettled US tariff regime leave the re-rating case more nuanced than the headline growth suggests.


Steel Strips Wheels: How Alloy Wheels Are Rewriting Margin Story?

Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>
Overseas: SPX +0.5%, M&amp;A action drives market higher. Fed talks down interest rate cuts.</li>
<li>
Today: NKY Futs -0.1% v cash. JPY 142.9; Japan’s FSA wants to overhaul tender offer rules; Mit Elec to step up cross-share unwind</li>
<li>
Japan: Nippon Steel's $15bn acquisition of U.S. Steel is a bold move; it secures a top-three global position &amp; substantial share in the EV e-steel market.</li>
</ul>



Overseas: SPX +0.5%, M&amp;A action drives market higher. Fed talks down interest rate cuts.

Today: NKY Futs -0.1% v cash. JPY 142.9; Japan’s FSA wants to overhaul tender offer rules; Mit Elec to step up cross-share unwind

Japan: Nippon Steel's $15bn acquisition of U.S. Steel is a bold move; it secures a top-three global position &amp; substantial share in the EV e-steel market.


Ohayo Japan | Nippon Steel Forges Ahead with Deal for U.S. Steel

<ul>
<li>OVERSEAS. US LABOR DAY HOLIDAY. With US out, No leaders in Global Equities; European shares closed flat on thin Volumes;  China's measures to support Property market taking hold. </li>
<li>JAPAN.US Markets Off. NKY Futs vs Cash -0.1%; USDJPY 146.5; Nikkei Rebal: Mercari, Lasertec, Nitori ADDED; Nippon Sheet Glass, Mitsui E&amp;S, Matsui Sec OUT; JFE 200bn Equity/CB raising  </li>
<li>JAPAN X: JFE Holdings Plans to Raise ¥200 Billion for Carbon Emissions Reduction Efforts. Still need clarity willingness of customers to accept "green pricing".  Watch Nippon Steel and Kobe Steel. </li>
</ul>


OVERSEAS. US LABOR DAY HOLIDAY. With US out, No leaders in Global Equities; European shares closed flat on thin Volumes;  China's measures to support Property market taking hold. 
JAPAN.US Markets Off. NKY Futs vs Cash -0.1%; USDJPY 146.5; Nikkei Rebal: Mercari, Lasertec, Nitori ADDED; Nippon Sheet Glass, Mitsui E&amp;S, Matsui Sec OUT; JFE 200bn Equity/CB raising  
JAPAN X: JFE Holdings Plans to Raise ¥200 Billion for Carbon Emissions Reduction Efforts. Still need clarity willingness of customers to accept "green pricing".  Watch Nippon Steel and Kobe Steel. 


Ohayo Japan| Lack of Direction with US Closed; JAPAN X: JFE to Raise ¥200bn for Green Steel Drive

Japan

Nippon Steel Corp is an integrated steel maker. The Company produces various types of steel products used for industrial machinery & equipment and exports them worldwide.  Nippon Steel provides plant construction and urban development and also develops new businesses such as chemicals, ceramics, electronic equipment and information & communication systems.

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Nippon Steel Corporation (5401 JP)

Japan: Relative Value Opportunities and Pair Trades (7 Sep 2026)

Discover two pair trade opportunities across two sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (7 Sep 2026)

Discover eight pair trade opportunities across four markets and three sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Steel Strips Wheels: How Alloy Wheels Are Rewriting Margin Story?

Steel Strips Wheels posted a 47% consolidated PAT jump in Q1 FY27 as near-full utilization, a richer alloy mix and an early export recovery reverse...

Sudarshan Bhandari

Ohayo Japan | Nippon Steel Forges Ahead with Deal for U.S. Steel

M&A activity boosts market, Fed tones down expectations for interest rate cuts. Japan's Nippon Steel to acquire U.S. Steel for $15bn

Mark Chadwick

Ohayo Japan| Lack of Direction with US Closed; JAPAN X: JFE to Raise ¥200bn for Green Steel Drive

US Markets Off. NKY Futs vs Cash -0.1%; USDJPY 146.5; Nikkei Rebal: Mercari, Lasertec, Nitori ADDED; Nippon Sheet Glass, Mitsui E&S, Matsui Sec...

Mark Chadwick

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan: Relative Value Opportunities and Pair Trades (7 Sep 2026)

​Discover two pair trade opportunities across two sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (7 Sep 2026)

​Discover eight pair trade opportunities across four markets and three sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Steel Strips Wheels: How Alloy Wheels Are Rewriting Margin Story?

Steel Strips Wheels posted a 47% consolidated PAT jump in Q1 FY27 as near-full utilization, a richer alloy mix and an early export recovery reverse...

Sudarshan Bhandari

Ohayo Japan | Nippon Steel Forges Ahead with Deal for U.S. Steel

​M&A activity boosts market, Fed tones down expectations for interest rate cuts. Japan's Nippon Steel to acquire U.S. Steel for $15bn

Mark Chadwick

Ohayo Japan| Lack of Direction with US Closed; JAPAN X: JFE to Raise ¥200bn for Green Steel Drive

US Markets Off. NKY Futs vs Cash -0.1%; USDJPY 146.5; Nikkei Rebal: Mercari, Lasertec, Nitori ADDED; Nippon Sheet Glass, Mitsui E&S, Matsui Sec...

Mark Chadwick

Discover two pair trade opportunities across two sectors using statistical mean-reversion methodology for actionable insights.

Discover eight pair trade opportunities across four markets and three sectors using statistical mean-reversion methodology for actionable insights.

M&A activity boosts market, Fed tones down expectations for interest rate cuts. Japan's Nippon Steel to acquire U.S. Steel for $15bn