Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Seibu Holdings (9024 JP): Big Outperformance and Global Index Inclusion

Yakult Honsha (2267 JP): Underperformance & Global Index Deletion in Nov

Kioxia (285A JP): Toshiba Selling Leads to Passive Buying & Removes Overhang

Kawasaki Heavy (7012 JP): Cheaper than Peers with Index Inclusion Kicker

JX Advanced Metals (5016 JP): Passive Buying in the Next 6 Weeks

JX Advanced Metals (5016 JP) IPO: TPX Add in April; Global Idx: One in August; One in March or Sep

Ryohin Keikaku (7453 JP): Global Index Inclusion Likely in August

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>The sharp rally in <a href="https://www.smartkarma.com/entities/jx-advanced-metals-corporation" target="_blank" data-smartkarma-citation="entities:44346:1" rel="noopener">JX Advanced Metals (5016 JP)</a> over the last couple of months should result in inclusion in a global index in November.</li>
<li>The stock is already a member of the <a href="https://www.smartkarma.com/entities/tokyo-stock-exchange-tokyo-price-index-topix" target="_blank" data-smartkarma-citation="entities:22910:1" rel="noopener">TOPIX Index</a> and another global index, and this inclusion will require passive trackers to buy a big chunk of the real float.</li>
<li>There will be more passive buying in <a href="https://www.smartkarma.com/entities/jx-advanced-metals-corporation" target="_blank" data-smartkarma-citation="entities:44346:1" rel="noopener">JX Advanced Metals (5016 JP)</a> in April when the liquidity factor in the <a href="https://www.smartkarma.com/entities/tokyo-stock-exchange-tokyo-price-index-topix" target="_blank" data-smartkarma-citation="entities:22910:1" rel="noopener">TOPIX Index</a> increases from 0.75 to 1.</li>
</ul>


The sharp rally in JX Advanced Metals (5016 JP) over the last couple of months should result in inclusion in a global index in November.
The stock is already a member of the TOPIX Index and another global index, and this inclusion will require passive trackers to buy a big chunk of the real float.
There will be more passive buying in JX Advanced Metals (5016 JP) in April when the liquidity factor in the TOPIX Index increases from 0.75 to 1.


JX Advanced Metals (5016 JP): Global Index Inclusion in November to Support Stock