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

Sysmex (6869 JP): Positioned for Global Index Deletion

Resonac Holdings (4004 JP): Semiconductor Pivot, Expensive Valuations & Global Index Inclusion

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

Furukawa Electric (5801 JP): Huge Rally & Expensive Valuations Ahead of Global Index Inclusion

Shimizu (1803 JP): Fairly Priced as Global Index Inclusion Looms

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>
<a href="https://www.smartkarma.com/entities/mitsui-mining-smelting-co" target="_blank" data-smartkarma-citation="entities:15998:1" rel="noopener">Mitsui Kinzoku</a>'s stock price has surged over the last year and that should result in global index inclusion in May.</li>
<li>Positioning in the stock is very high and far exceeds what we see in peers. With one exception, <a href="https://www.smartkarma.com/entities/mitsui-mining-smelting-co" target="_blank" data-smartkarma-citation="entities:15998:1" rel="noopener">Mitsui Kinzoku</a> trades at significantly higher valuations to its peers.</li>
<li>Though there has been recent momentum in the stock, the high positioning and higher valuation could lead to underperformance as we near the start of the rebalance review window.</li>
</ul>



Mitsui Kinzoku's stock price has surged over the last year and that should result in global index inclusion in May.
Positioning in the stock is very high and far exceeds what we see in peers. With one exception, Mitsui Kinzoku trades at significantly higher valuations to its peers.
Though there has been recent momentum in the stock, the high positioning and higher valuation could lead to underperformance as we near the start of the rebalance review window.


Mitsui Kinzoku (5706 JP): Momentum Up, Valuation Gap Widens Ahead of Global Index Inclusion

Mitsui Kinzoku Company

Mitsui Kinzoku (5706 JP): Momentum Up, Valuation Gap Widens Ahead of Global Index Inclusion