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

Wells Fargo - Strong Loan Growth and Credit Metrics, in Line with Weekly B/S Data from Fed

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

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

Ricoh (7752 JP): Potential Global Index Deletion in August

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

IHI Corp (7013 JP): Global Index Inclusion in May

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>After the recent rally, <a href="https://www.smartkarma.com/entities/ebara-corp" target="_blank" data-smartkarma-citation="entities:4728:1" rel="noopener">Ebara Corp (6361 JP)</a>'s increased market cap and free float market cap should result in inclusion in a global index in November.</li>
<li>
<a href="https://www.smartkarma.com/entities/ebara-corp" target="_blank" data-smartkarma-citation="entities:4728:1" rel="noopener">Ebara Corp (6361 JP)</a> has underperformed its larger peers, and the stock is trading cheaper than the average of its peers on most metrics.</li>
<li>There has been a large increase in cumulative excess volume for <a href="https://www.smartkarma.com/entities/ebara-corp" target="_blank" data-smartkarma-citation="entities:4728:1" rel="noopener">Ebara Corp (6361 JP)</a> since July and we do not see a similar increase in its peers.</li>
</ul>


After the recent rally, Ebara Corp (6361 JP)'s increased market cap and free float market cap should result in inclusion in a global index in November.

Ebara Corp (6361 JP) has underperformed its larger peers, and the stock is trading cheaper than the average of its peers on most metrics.
There has been a large increase in cumulative excess volume for Ebara Corp (6361 JP) since July and we do not see a similar increase in its peers.


荏原製作所（6361 JP）：グローバル指数への組み入れとポジショニングの向上