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

<ul>
<li>With 70% of the review period complete, there could be 14 constituent changes for the <a href="https://www.smartkarma.com/entities/kosdaq-150-index" target="_blank" data-smartkarma-citation="entities:31077:1" rel="noopener">KOSDAQ 150 Index (KOSDQ150 INDEX)</a> in June.</li>
<li>There has been huge interest in the KOSDAQ market lately and that has led to big ETF creations in the last few months. That leads to increased flow and impact.</li>
<li>The forecast adds have MASSIVELY outperformed the forecast deletes over the last few months and in the last week. While the flow/impact are huge, watch out for short-term reversal.</li>
</ul>


With 70% of the review period complete, there could be 14 constituent changes for the KOSDAQ 150 Index (KOSDQ150 INDEX) in June.
There has been huge interest in the KOSDAQ market lately and that has led to big ETF creations in the last few months. That leads to increased flow and impact.
The forecast adds have MASSIVELY outperformed the forecast deletes over the last few months and in the last week. While the flow/impact are huge, watch out for short-term reversal.


KOSDAQ150 Index Rebalance Preview: Soaring AUM and Increased Flow/Impact

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Cross Asset Strategy

<ul>
<li>We discuss the end of the mandatory lock-up periods for 57 stocks in Korea in January 2025, among which four are in KOSPI and 53 are in KOSDAQ. </li>
<li>The ban on short selling of Korean stocks which is still in place is likely to be lifted on 31 March 2025.</li>
<li>Some of the companies mentioned in this insight which highlights the end of the major lockup periods could help to narrow down the list of candidates for potential shorting. </li>
</ul>


We discuss the end of the mandatory lock-up periods for 57 stocks in Korea in January 2025, among which four are in KOSPI and 53 are in KOSDAQ. 
The ban on short selling of Korean stocks which is still in place is likely to be lifted on 31 March 2025.
Some of the companies mentioned in this insight which highlights the end of the major lockup periods could help to narrow down the list of candidates for potential shorting. 


End of Mandatory Lock-Up Periods for 57 Companies in Korea in January 2025

<ul>
<li>In this insight, we provide a back-testing of the end of mandatory lock-up periods data from Korea Securities Depository (KSD) in the past six months.</li>
<li>Our back-testing suggests a 67% probability of the average share price performances of the top 3 market cap companies in each month data underperforming relative to KOSPI (10/15 time periods).</li>
<li>Among these stocks, some of the big underperformers included Wemade Co., Ltd. (112040 KS), Sebitchem (107600 KS), and Iljin Hysolus (271940 KS).</li>
</ul>


In this insight, we provide a back-testing of the end of mandatory lock-up periods data from Korea Securities Depository (KSD) in the past six months.
Our back-testing suggests a 67% probability of the average share price performances of the top 3 market cap companies in each month data underperforming relative to KOSPI (10/15 time periods).
Among these stocks, some of the big underperformers included Wemade Co., Ltd. (112040 KS), Sebitchem (107600 KS), and Iljin Hysolus (271940 KS).


Back-Testing End of Mandatory Lock-Up Periods Data from Korea Securities Depository in 2H 2022

<ul>
<li>This article discusses the potential inclusions and exclusions of KOSDAQ 150 rebalance in December 2022 (especially those that are highlighted by the locals). </li>
<li>The stocks that are potential inclusions in the KOSDAQ 150 index include Sungeel Hitech (365340 KS), HPSP (403870 KS), and CanriaBio. We highlighted 8 companies in the potential inclusion list.</li>
<li>The potential exclusions in the KOSDAQ 150 index include Cmg Pharmaceutical (058820 KS), AptaBio Therapeutics (293780 KS), and Eugene Corp (023410 KS). </li>
</ul>


This article discusses the potential inclusions and exclusions of KOSDAQ 150 rebalance in December 2022 (especially those that are highlighted by the locals). 
The stocks that are potential inclusions in the KOSDAQ 150 index include Sungeel Hitech (365340 KS), HPSP (403870 KS), and CanriaBio. We highlighted 8 companies in the potential inclusion list.
The potential exclusions in the KOSDAQ 150 index include Cmg Pharmaceutical (058820 KS), AptaBio Therapeutics (293780 KS), and Eugene Corp (023410 KS). 


KOSDAQ 150 Rebalance in December Highlighted by Locals

<ul>
<li>We discuss end of the mandatory lock-up periods for 42 stocks in Korea in October 2022, among which 7 are in KOSPI and 35 are in KOSDAQ.</li>
<li>These 42 stocks on average could be subject to further selling pressures in October and could underperform relative to the market. </li>
<li>Among these 42 stocks, the top 3 market cap stocks include NH Investment &amp; Securities, Sungeel Hitech, and Dongwon Systems. They could be exposed to greater selling pressures in October. </li>
</ul>


We discuss end of the mandatory lock-up periods for 42 stocks in Korea in October 2022, among which 7 are in KOSPI and 35 are in KOSDAQ.
These 42 stocks on average could be subject to further selling pressures in October and could underperform relative to the market. 
Among these 42 stocks, the top 3 market cap stocks include NH Investment &amp; Securities, Sungeel Hitech, and Dongwon Systems. They could be exposed to greater selling pressures in October. 


End of Mandatory Lock-Up Periods for 42 Companies in Korea in October 2022

South Korea

Sungeel Hitech Co., Ltd. operates as a leading secondary battery recycling company. The Company provides lithium ion battery recycling, sustainable rechargeable battery recycling, waste batteries full circulatory recycling, and circulation services. Sungeel Hitech markets its products worldwide.

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Sungeel Hitech (365340 KS)

KOSDAQ150 Index Rebalance Preview: Soaring AUM and Increased Flow/Impact

There could be 14 constituent changes for the KOSDAQ150 in June. AUM linked to the index has soared over the last couple of months. The forecast...

Brian Freitas

End of Mandatory Lock-Up Periods for 57 Companies in Korea in January 2025

Some of the companies mentioned in this insight which highlights the end of the major lockup periods in January could help to narrow down the list...

Douglas Kim

Back-Testing End of Mandatory Lock-Up Periods Data from Korea Securities Depository in 2H 2022

In this insight, we provide a back-testing of the end of mandatory lock-up periods data from Korea Securities Depository (KSD) in the past six months.

Douglas Kim

KOSDAQ 150 Rebalance in December Highlighted by Locals

This article discusses the potential inclusions and exclusions of KOSDAQ 150 rebalance in December 2022 (especially those that are highlighted by...

Douglas Kim

End of Mandatory Lock-Up Periods for 42 Companies in Korea in October 2022

We discuss end of the mandatory lock-up periods for 42 stocks in Korea in October 2022, among which 7 are in KOSPI and 35 are in KOSDAQ.

Douglas Kim

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