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 eleven pair trade opportunities persist across three markets and six 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 eleven pair trade opportunities persist across three markets and six 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 (2 Mar 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 ten pair trade opportunities persist across three 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 ten pair trade opportunities persist across three 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 (23 Feb 2026)

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/magnetic-resources-nl" target="_blank" data-smartkarma-citation="entities:17051:1" rel="noopener">Magnetic Resources Nl (MAU AU)</a> has entered into a SID with <a href="https://www.smartkarma.com/entities/genesis-minerals-ltd" target="_blank" data-smartkarma-citation="entities:4650:1" rel="noopener">Genesis Minerals (GMD AU)</a> at A$1.40 cash + 0.0873 GMD shares per MAU share, 25.0% premium to the last close.</li>
<li>While the offer represents an all-time high, it is light compared to peer EV/Resource and EV/Reserve multiples. The ability to choose between all-cash and all-scrip partly addresses this. </li>
<li>The key conditions are the Magnetic shareholder and ACCC approval. Due to the significant irrevocables, the scheme vote is low risk.</li>
</ul>



Magnetic Resources Nl (MAU AU) has entered into a SID with Genesis Minerals (GMD AU) at A$1.40 cash + 0.0873 GMD shares per MAU share, 25.0% premium to the last close.
While the offer represents an all-time high, it is light compared to peer EV/Resource and EV/Reserve multiples. The ability to choose between all-cash and all-scrip partly addresses this. 
The key conditions are the Magnetic shareholder and ACCC approval. Due to the significant irrevocables, the scheme vote is low risk.


Magnetic Resources (MAU AU): Genesis (GMD US)’s Binding Proposal

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/capricorn-metals-ltd" target="_blank" data-smartkarma-citation="entities:10775:1" rel="noopener">Capricorn Metals (CMM AU)</a> vs. <a href="https://www.smartkarma.com/entities/perseus-mining-ltd" target="_blank" data-smartkarma-citation="entities:15306:1" rel="noopener">Perseus Mining (PRU AU)</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/capricorn-metals-ltd" target="_blank" data-smartkarma-citation="entities:10775:1" rel="noopener">Capricorn Metals (CMM AU)</a> and short <a href="https://www.smartkarma.com/entities/perseus-mining-ltd" target="_blank" data-smartkarma-citation="entities:15306:1" rel="noopener">Perseus Mining (PRU AU)</a> targets a 5% 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 Capricorn Metals (CMM AU) vs. Perseus Mining (PRU AU) price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long Capricorn Metals (CMM AU) and short Perseus Mining (PRU AU) targets a 5% 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.


Capricorn Metals (CMM AU) Vs. Perseus Mining (PRU AU): Gold Miners Stat Arb Opportunity Returns

<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)

Australia

Perseus Mining Limited is a mining and exploration company. The Company acquires, explores, develops, mines, and produces gold. Perseus Mining conducts its mining operations in Africa and Australia.

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

Perseus Mining (PRU AU)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (2 Mar 2026)

Statistical methodology identifies 11 pair trade opportunities across three markets and six sectors, offering unique insights into relative value.

Gaudenz Schneider

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (23 Feb 2026)

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

Gaudenz Schneider

Magnetic Resources (MAU AU): Genesis (GMD US)’s Binding Proposal

While the offer represents an all-time high, it is light compared to peer EV/Resource and EV/Reserve multiples. Due to the significant...

Arun George

Capricorn Metals (CMM AU) Vs. Perseus Mining (PRU AU): Gold Miners Stat Arb Opportunity Returns

A fresh entry opportunity has emerged as the price ratio crosses the two-standard-deviation threshold again, after fluctuating between the one- and...

Gaudenz Schneider

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (2 Mar 2026)

​Statistical methodology identifies 11 pair trade opportunities across three markets and six sectors, offering unique insights into relative value.

Gaudenz Schneider

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (23 Feb 2026)

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

Gaudenz Schneider

Magnetic Resources (MAU AU): Genesis (GMD US)’s Binding Proposal

While the offer represents an all-time high, it is light compared to peer EV/Resource and EV/Reserve multiples. Due to the significant...

Arun George

Capricorn Metals (CMM AU) Vs. Perseus Mining (PRU AU): Gold Miners Stat Arb Opportunity Returns

A fresh entry opportunity has emerged as the price ratio crosses the two-standard-deviation threshold again, after fluctuating between the one- and...

Gaudenz Schneider

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

Statistical methodology identifies 11 pair trade opportunities across three markets and six sectors, offering unique insights into relative value.

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

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