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

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

Sysmex (6869 JP): Positioned for Global Index Deletion

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

Ibiden (4062 JP): Expensive but Global Index Inclusion Coming Up

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>The semiconductors pivot is paying off as the stock price rally has increased market cap to the point where <a href="https://www.smartkarma.com/entities/resonac-holdings-corp" target="_blank" data-smartkarma-citation="entities:1496:1" rel="noopener">Resonac Holdings (4004 JP)</a> should be added to a global index.</li>
<li>
<a href="https://www.smartkarma.com/entities/resonac-holdings-corp" target="_blank" data-smartkarma-citation="entities:1496:1" rel="noopener">Resonac Holdings (4004 JP)</a> has outperformed peers over the last 3 months and now trades at a premium on most valuation metrics.</li>
<li>Positioning appears to be building up and there could be more upside in the stock ahead of passives buying a large chunk of the existing free float.</li>
</ul>


The semiconductors pivot is paying off as the stock price rally has increased market cap to the point where Resonac Holdings (4004 JP) should be added to a global index.

Resonac Holdings (4004 JP) has outperformed peers over the last 3 months and now trades at a premium on most valuation metrics.
Positioning appears to be building up and there could be more upside in the stock ahead of passives buying a large chunk of the existing free float.


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