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

Event-Driven

NTT (Nippon Telegraph & Telephone) / Event-Driven

<ul>
<li>On 7 April, the JPX announced the changes to the Free Float Weights (FFW) for the TOPIX Index. There are some big changes due to the updated FFW methodology.</li>
<li>From April to June, we see a one-way turnover of 2.87% and a one-way trade of ¥2,285bn. Some stocks have opposite way flows in different months.</li>
<li>Stocks with inflows outperformed stocks with outflows from Oct-Dec 2021 before giving up all the gains. These stocks have started to outperform and could continue outperforming over the next quarter.</li>
</ul>


On 7 April, the JPX announced the changes to the Free Float Weights (FFW) for the TOPIX Index. There are some big changes due to the updated FFW methodology.
From April to June, we see a one-way turnover of 2.87% and a one-way trade of ¥2,285bn. Some stocks have opposite way flows in different months.
Stocks with inflows outperformed stocks with outflows from Oct-Dec 2021 before giving up all the gains. These stocks have started to outperform and could continue outperforming over the next quarter.


TOPIX FFW Transition - Big Flows from April to June

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

In this note... Korean Holdcos continued their exemplary outperformance YTD... IOF’s management platform grab may have finally run out of, well, oomph... micro-cap Toho Acetylene looks to have more upside in response to its Topix inclusion... and TVB finally halts its shares as negotiations continue behind the scenes on its shareholding base.(This report covers specific insights involving Stubs, Pairs, Arbitrage, share Classification and Events – or SPACE - in the past week.)

In this note... Korean Holdcos continued their exemplary outperformance YTD... IOF’s management platform grab may have finally run out of, well, oomph... micro-cap Toho Acetylene looks to have more upside in response to its Topix inclusion... and TVB finally halts its shares as negotiations continue behind the scenes on its shareholding base.(This report covers specific insights involving Stubs, Pairs, Arbitrage, share Classification and Events – or SPACE - in the past week.)

Travis Lundy

Today, Tokyo-listed tiny-cap <a href="https://www.smartkarma.com/entities/20754" target="_blank" data-smartkarma-citation="entities:20754:1">Toho Acetylene Co Ltd (4093 JP)</a><a href="http://www.toho-ace.co.jp/ir/pdf/h29_0525_01_report.pdf" target="_blank">announced</a> it had been tipped to join the TSE's First Section as of June 1st. You guessed it... that means...<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/026/725/original/ATOPIXInclusion.png?1495709341" class="editor-image img-responsive" data-smartkarma-image-id="26725"></figure>According to the <a href="http://www.jpx.co.jp/english/markets/indices/topix/tvdivq00000030ne-att/e_cal_3_topix.pdf" target="_blank">TOPIX Index Methodology</a>, inclusion will be on the last business day on the month following entrance into the First Section. That means the event is at the close of the second to last day of trading in July.But first, know this is a tiny cap - $70mm market cap and not a huge inclusion trade. If small cap trades…

Today, Tokyo-listed tiny-cap Toho Acetylene Co Ltd (4093 JP)announced it had been tipped to join the TSE's First Section as of June 1st. You guessed it... that means...According to the TOPIX Index Methodology, inclusion will be on the last business day on the month following entrance into the First Section. That means the event is at the close of the second to last day of trading in July.But first, know this is a tiny cap - $70mm market cap and not a huge inclusion trade. If small cap trades…

Japan

Toho Acetylene Co., Ltd. produces various types of gases, including dissolved acetylene, oxygen, nitrogen, and liquefied petroleum gases.  The Company also sells gas equipment and parts.

Toho Acetylene (4093 JP)

TOPIX FFW Transition - Big Flows from April to June

Changes to the Topix FFW methodology will result in a turnover of 2.87% & trade of ¥2,285bn from April to June. There is a lot to trade on some...

Brian Freitas

Last Week, in Event SPACE (28 May 2017)

In this note... Korean Holdcos continued their exemplary outperformance YTD... IOF’s management platform grab may have finally run out of, well,...

David Blennerhassett

Tiny Cap Toho Acetylene Tipped for TSE1

Today, Tokyo-listed tiny-cap Toho Acetylene Co Ltd (4093 JP)announced it had been tipped to join the TSE's First Section as of June 1st. You...

Travis Lundy