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

Index Rebalance

Zijin Gold International / Index Rebalance

<ul>
<li>There are 9 additions for the <a href="https://www.smartkarma.com/entities/vaneck-gold-miners-etf-usa" target="_blank" data-smartkarma-citation="entities:32924:1" rel="noopener">VanEck Gold Miners ETF/USA (GDX US)</a> in June. Plus, one listing switch and a whole bunch of float and capping changes.</li>
<li>Estimated one-way turnover is 6.2% and that leads to a round-trip trade of US$3.4bn. There are many stocks with multiple days of ADV to trade from passive trackers.</li>
<li>
<a href="https://www.smartkarma.com/entities/zijin-gold-international-company-limited" target="_blank" data-smartkarma-citation="entities:45448:1" rel="noopener">Zijin Gold International (2259 HK)</a> has been added following an increase in free float, and the passive buying could provide short-term support for the stock.</li>
</ul>


There are 9 additions for the VanEck Gold Miners ETF/USA (GDX US) in June. Plus, one listing switch and a whole bunch of float and capping changes.
Estimated one-way turnover is 6.2% and that leads to a round-trip trade of US$3.4bn. There are many stocks with multiple days of ADV to trade from passive trackers.

Zijin Gold International (2259 HK) has been added following an increase in free float, and the passive buying could provide short-term support for the stock.


Gold Miners ETF (GDX US) June Rebalance: 9 Adds and US$3.4bn Trade

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jun 5th (reported today). The aggregated short interest was USD47.8bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Pro Medicus, Northern Star Resources, Wesfarmers, Computershare, NEWMONT.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jun 5th (reported today). The aggregated short interest was USD47.8bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Pro Medicus, Northern Star Resources, Wesfarmers, Computershare, NEWMONT.


ASX Short Interest Weekly (Jun 4th): Pro Medicus, Northern Star Resources, Wesfarmers, Computershare

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Markets are showing signs of weakening at logical resistance as we anticipated in last week’s Int’l Compass - we recommend being selective in new purchases. At the same time we are seeing a number of indicators that are giving signals conducive to higher equity prices, meaning global equities may be gearing up for an eventual breakout topside resistance. In this report we highlight some attractive and actionable themes (Miners, consumer staples, and several attractive individual set ups in Thailand) along with indicators that support our overall constructive outlook.

Markets are showing signs of weakening at logical resistance as we anticipated in last week’s Int’l Compass - we recommend being selective in new purchases. At the same time we are seeing a number of indicators that are giving signals conducive to higher equity prices, meaning global equities may be gearing up for an eventual breakout topside resistance. In this report we highlight some attractive and actionable themes (Miners, consumer staples, and several attractive individual set ups in Thailand) along with indicators that support our overall constructive outlook.

U.S.Dollar Weakness A Tailwind For International Markets

With gold prices moving higher, the gold miners are likely to have outsized gains. We are seeing widespread price and relative strength bottoms evident in many of the gold mining stocks, and view this as a timely entry point to add exposure to the gold miners.  In today’s report we highlight numerous actionable names, many of which have dual-listings in the U.S. and Canada.

With gold prices moving higher, the gold miners are likely to have outsized gains. We are seeing widespread price and relative strength bottoms evident in many of the gold mining stocks, and view this as a timely entry point to add exposure to the gold miners.  In today’s report we highlight numerous actionable names, many of which have dual-listings in the U.S. and Canada.

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of May 22nd (reported today). The aggregated short interest was USD44.0bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Suncorp, BHP, Computershare, Northern Star Resources, Wesfarmers.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of May 22nd (reported today). The aggregated short interest was USD44.0bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Suncorp, BHP, Computershare, Northern Star Resources, Wesfarmers.


ASX Short Interest Weekly (May 22nd): Suncorp, BHP, Computershare, Northern Star Resources

Australia

Northern Star Resources Ltd manufactures precious metals. The Company provides mining and production of gold. Northern Star Resources serves customers in Australia and North America.

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Northern Star Resources (NST AU)

Gold Miners ETF (GDX US) June Rebalance: 9 Adds and US$3.4bn Trade

9 adds, float and capping changes result in an estimated one-way turnover of 6.2% and to a round-trip trade of US$3.4bn. There are many stocks with...

Brian Freitas

ASX Short Interest Weekly (Jun 4th): Pro Medicus, Northern Star Resources, Wesfarmers, Computershare

We analyzed ASX short interest report for the past week and highlight short interest changes in Pro Medicus, Northern Star Resources, Wesfarmers,...

Ke Yan, CFA, FRM

U.S.Dollar Weakness A Tailwind For International Markets

Markets are showing signs of weakening at logical resistance as we anticipated in last week’s Int’l Compass - we recommend being selective in new...

Vermilion Research

Return of the Gold Trade: Buy the Miners

With gold prices moving higher, the gold miners are likely to have outsized gains. We are seeing widespread price and relative strength bottoms...

Vermilion Research

ASX Short Interest Weekly (May 22nd): Suncorp, BHP, Computershare, Northern Star Resources

We analyzed ASX short interest report for the past week and highlight short interest changes in Suncorp, BHP, Computershare, Northern Star...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)