Co-Founder & CEO, Newmark Risk

Nicholas Pezolano

Co-Founder & CEO

Option analytics for institutional investors

Newmark Risk

Fin-tech company focused on providing option derived analytics for institutional investors.

We handle the complexity of options data so you don't have to.

- Data and Analytics available all in one place so you can focus on Strategy Development
- Custom Solutions for your data and/or portfolio needs
- Advisory services to lend our expertise

Knowledge is something that was meant to be shared and we provide insights to our clients and to the community via posting about our research findings.

Equity Derivatives

TSE Tokyo Price Index TOPIX / Equity Derivatives

<ul><li>A cross-country study on the post earning announcement drift effect.</li><li>We explore the use of various options-implied analytics to systematically view returns around earnings announcements.  </li><li>Options-Implied Analytics can provide empowering information to better inform investment decisions.</li></ul>

A cross-country study on the post earning announcement drift effect.We explore the use of various options-implied analytics to systematically view returns around earnings announcements.  Options-Implied Analytics can provide empowering information to better inform investment decisions.

EQD | A Systematic Look at the Post Earnings Announcement Drift Across Asia

Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group</li>
<li>The UST curve bear-steepened yesterday, alongside a selloff in long-dated UK gilts. The yield on the 2Y UST rose 1 bp to 3.79%, while that on the 10Y UST climbed 4 bps to 4.28%.</li>
<li>Equities advanced after US President Donald Trump announced that he had reached a trade deal with Vietnam. The S&amp;P 500 was up 0.5% to a fresh record of 6,227, while the Nasdaq rose 0.9% to 20,393.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group
The UST curve bear-steepened yesterday, alongside a selloff in long-dated UK gilts. The yield on the 2Y UST rose 1 bp to 3.79%, while that on the 10Y UST climbed 4 bps to 4.28%.
Equities advanced after US President Donald Trump announced that he had reached a trade deal with Vietnam. The S&amp;P 500 was up 0.5% to a fresh record of 6,227, while the Nasdaq rose 0.9% to 20,393.


Financials & FinTech research, Galliano’s Financials Research

Victor Galliano

Financials & FinTech research

Financials & FinTech, EM & Developed Markets

Galliano’s Financials Research

Galliano's Financials Research provides fundamental research in Emerging Markets financials, including FinTech, as well as financials in select Developed Markets.

The investment style applied is generally value oriented, although Growth At Reasonable Price (GARP) strategies can also be used where appropriate. 

Our investment research approach aim is often contrarian, looking to capitalise on overly sceptical or optimistic consensus views. In terms of valuation techniques, the focus is on PBV ratio to ROE, PE multiples and dividend yield, as well as the application of PEG ratios and, where appropriate, Sum of the Parts (SOTP) valuations.

Equity Bottom-Up

<ul>
<li>SoftBank group (SBG) relies increasingly on Arm’s premium valuation for NAV growth, with SBG shares having benefited from their high correlation to those of Arm Holdings</li>
<li>JPY-USD FX strengthened recently, with the potential for BoJ monetary tightening and Fed easing set to accentuate this trend; SBG is USD asset heavy, and JPY heavy in its liabilities</li>
<li>The Vision Funds are slowly seeing IPO exits for private companies; in essence, we see that SBG shares are challenged by (geo)political, concentration, currency and market risks</li>
</ul>


SoftBank group (SBG) relies increasingly on Arm’s premium valuation for NAV growth, with SBG shares having benefited from their high correlation to those of Arm Holdings
JPY-USD FX strengthened recently, with the potential for BoJ monetary tightening and Fed easing set to accentuate this trend; SBG is USD asset heavy, and JPY heavy in its liabilities
The Vision Funds are slowly seeing IPO exits for private companies; in essence, we see that SBG shares are challenged by (geo)political, concentration, currency and market risks


SoftBank (9984 JP): Challenged by Portfolio Concentration and JPY Strength

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group, New World Development</li>
<li>US Treasury yields fell yesterday. The UST curve bull flattened, with the yield on the 2Y UST declining 3 bps to 3.72%, while that on the 10Y UST was down 5 bps at 4.23%. Equities climbed to new record highs.</li>
<li>The S&amp;P 500 rose 0.5% to 6,205, while the Nasdaq advanced 0.5% to 20,370. Contracted sales for China’s Top 100 developers in June declined 23% y-o-y but were up 15% m-o-m at CNY 339 bn, according to CRIC.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group, New World Development
US Treasury yields fell yesterday. The UST curve bull flattened, with the yield on the 2Y UST declining 3 bps to 3.72%, while that on the 10Y UST was down 5 bps at 4.23%. Equities climbed to new record highs.
The S&amp;P 500 rose 0.5% to 6,205, while the Nasdaq advanced 0.5% to 20,370. Contracted sales for China’s Top 100 developers in June declined 23% y-o-y but were up 15% m-o-m at CNY 339 bn, according to CRIC.


Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

<ul>
<li>
<a href="https://www.smartkarma.com/entities/softbank-group-corp" target="_blank" data-smartkarma-citation="entities:315:1" rel="noopener">Softbank Group (9984 JP)</a> is seeing solid short-term momentum, bolstered by asset sales and AI-led strategic narratives. Key triggers to monitor: deleveraging moves, AI investment updates, and broader macro sentiment.</li>
<li>The stock is very overbought according to our WEEKLY model, there could be a pullback soon.</li>
<li>Another perspective: what if this is just a bold rebound rally—and the next move takes SoftBank back down toward the 5,000 level? Just an hypothesis worth considering.</li>
</ul>



Softbank Group (9984 JP) is seeing solid short-term momentum, bolstered by asset sales and AI-led strategic narratives. Key triggers to monitor: deleveraging moves, AI investment updates, and broader macro sentiment.
The stock is very overbought according to our WEEKLY model, there could be a pullback soon.
Another perspective: what if this is just a bold rebound rally—and the next move takes SoftBank back down toward the 5,000 level? Just an hypothesis worth considering.


SoftBank (9984 JP) Is Flying High, But It May Be Time to Take Some Off the Table

Japan

SoftBank Group Corp. provides telecommunication services. The Company also operates ADSL (Asymmetric Digital Subscriber Line) and fiber optic high-speed Internet connection, e-Commerce businesses, and Internet based advertising and auction businesses.

Price Gauge
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Softbank Group (9984 JP)

EQD | A Systematic Look at the Post Earnings Announcement Drift Across Asia

We leverage a few analytics from NewMark Risk's proprietary Options Implied Analytics library to enhance common strategies to trade earnings...

Nicholas Pezolano

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group The UST curve bear-steepened...

Lucror Analytics

SoftBank (9984 JP): Challenged by Portfolio Concentration and JPY Strength

SBG's reliance on Arm's valuation for NAV growth is challenged by geopolitical, concentration, currency, and market risks. We see that the NAV...

Victor Galliano

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group, New World Development

Lucror Analytics

SoftBank (9984 JP) Is Flying High, But It May Be Time to Take Some Off the Table

Softbank Group (9984 JP) shows strong short-term momentum, but may face a pullback soon. Several catalysts may trigger it - our view is based...

Nico Rosti

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

EQD | A Systematic Look at the Post Earnings Announcement Drift Across Asia

We leverage a few analytics from NewMark Risk's proprietary Options Implied Analytics library to enhance common strategies to trade earnings...

Nicholas Pezolano

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group The UST curve bear-steepened...

Lucror Analytics

SoftBank (9984 JP): Challenged by Portfolio Concentration and JPY Strength

​SBG's reliance on Arm's valuation for NAV growth is challenged by geopolitical, concentration, currency, and market risks. We see that the NAV...

Victor Galliano

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group, New World Development

Lucror Analytics

SoftBank (9984 JP) Is Flying High, But It May Be Time to Take Some Off the Table

​Softbank Group (9984 JP) shows strong short-term momentum, but may face a pullback soon. Several catalysts may trigger it - our view is based...

Nico Rosti

SBG's reliance on Arm's valuation for NAV growth is challenged by geopolitical, concentration, currency, and market risks. We see that the NAV...

Softbank Group (9984 JP) shows strong short-term momentum, but may face a pullback soon. Several catalysts may trigger it - our view is based...