Index Rebal Trades & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Equity Analyst with 10+ years experience in fundamental and event-driven research.

On Smartkarma, I mainly publish insights on index flow events. This includes predicting regular and intra-review index changes and formulating market-neutral trading strategies based on flow catalysts. I also cover special situations such as mergers & acquisitions, equity offerings, buybacks, and other corporate restructuring events.

Index Rebal Trades & Special Situations

TOPIX Inclusion: Simplex Holdings (4373 JP)

TOPIX Inclusions: A Look at TSE1 Direct Listings

Gravity Works As WeWork Doesn't; Now Plan B

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

Japan-based systems integration company <a href="https://www.smartkarma.com/entities/simplex-holdings" target="_blank" data-smartkarma-citation="entities:34112:1" rel="noopener">Simplex Holdings (4373 JP)</a> was listed in the First Section of the Tokyo Stock Exchange (TSE) on 22nd September 2021 and as discussed in my previous insight, <a href="https://www.smartkarma.com/insights/topix-inclusion-simplex-holdings-4373-jp" target="_blank" data-smartkarma-citation="insights:58665" rel="noopener">TOPIX Inclusion: Simplex Holdings (4373 JP)</a>, a stock that gets listed on the TSE First Section will subsequently get included in the TOPIX Index which will require TOPIX-tracking funds to purchase to stock during an Inclusion Event creating a net demand situation. Considering the inclusion parameters for Simplex and its momentum at that time, I was Bullish on the name until the Inclusion Event. Since then, the stock has had a sharp jump, a correction, and is now showing signs of a final rebound before the upcoming Inclusion Event at the end of this month. Below is a look at my expectations for the upcoming trading days.

Japan-based systems integration company Simplex Holdings (4373 JP) was listed in the First Section of the Tokyo Stock Exchange (TSE) on 22nd September 2021 and as discussed in my previous insight, TOPIX Inclusion: Simplex Holdings (4373 JP), a stock that gets listed on the TSE First Section will subsequently get included in the TOPIX Index which will require TOPIX-tracking funds to purchase to stock during an Inclusion Event creating a net demand situation. Considering the inclusion parameters for Simplex and its momentum at that time, I was Bullish on the name until the Inclusion Event. Since then, the stock has had a sharp jump, a correction, and is now showing signs of a final rebound before the upcoming Inclusion Event at the end of this month. Below is a look at my expectations for the upcoming trading days. 

TOPIX Inclusion: Simplex Holdings (4373 JP) - Prepare to SHORT