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

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

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

Event-Driven

<ul>
<li>The review period for the March rebalance of the KOSPI Size Indices commenced on 1 December and will end on 28 February.</li>
<li>A quarter of the way through the review period, we forecast 37 migrating stocks. Among new listings, 1 could be added to LargeCap, 3 to MidCap and 2 to SmallCap.</li>
<li>Four downward migrations were deleted from a global index in November. Now, three more downward migrations could be deleted from the same global index in February.</li>
</ul>


The review period for the March rebalance of the KOSPI Size Indices commenced on 1 December and will end on 28 February.
A quarter of the way through the review period, we forecast 37 migrating stocks. Among new listings, 1 could be added to LargeCap, 3 to MidCap and 2 to SmallCap.
Four downward migrations were deleted from a global index in November. Now, three more downward migrations could be deleted from the same global index in February.


KOSPI Size Indices: Overlap Between Global Passive Selling & Downward Migrations

<ul>
<li>The review period for the March rebalance of the KOSPI Size Indices commences on 1 December and will end on 28 February.</li>
<li>We see 5 migrations from MidCap to LargeCap, 1 new addition to LargeCap, 8 stocks moving from SmallCap to MidCap and 1 new addition to MidCap.</li>
<li>The migrations from MidCap to LargeCap have outperformed the other migration categories. Four potential LargeCap to MidCap migrations will be deleted from a global index later this month.</li>
</ul>


The review period for the March rebalance of the KOSPI Size Indices commences on 1 December and will end on 28 February.
We see 5 migrations from MidCap to LargeCap, 1 new addition to LargeCap, 8 stocks moving from SmallCap to MidCap and 1 new addition to MidCap.
The migrations from MidCap to LargeCap have outperformed the other migration categories. Four potential LargeCap to MidCap migrations will be deleted from a global index later this month.


KOSPI Size Indices: Global Index Selling Leads to Potential Downward Migration

<ul>
<li>The review period for the September rebalance of the KOSPI Size Indices will run from 1 June to 31 August.</li>
<li>We see 6 migrations from MidCap to LargeCap, 1 new addition to LargeCap, 6 stocks moving from SmallCap to MidCap and 3 new additions to MidCap.</li>
<li>Stocks migrating upward have outperformed stocks migrating lower. But there are still stocks trading at a Price to Book of less than 1.</li>
</ul>


The review period for the September rebalance of the KOSPI Size Indices will run from 1 June to 31 August.
We see 6 migrations from MidCap to LargeCap, 1 new addition to LargeCap, 6 stocks moving from SmallCap to MidCap and 3 new additions to MidCap.
Stocks migrating upward have outperformed stocks migrating lower. But there are still stocks trading at a Price to Book of less than 1.


KOSPI Size Indices: Potential Migrations in September Are Moving

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul><li><div class="content-highlight">In November, there was<strong> continued sector rotation</strong> in Korea, with investors selling some of the market leading IT names and buying healthcare, media &amp; telecom, and consumer stocks. The <a href="https://www.smartkarma.com/entities/24255" target="_blank" data-smartkarma-citation="entities:24255:1">Studio Dragon Corp (253450 KS)</a> IPO catapulted more than 100% from its IPO price as many investors flocked to Korean entertainment, cosmetics, and biotech-related names during the month. China also announced a partial opening up of group tours to South Korea. In addition, the Bank of Korea raised the key interest…</div></li></ul>

In November, there was continued sector rotation in Korea, with investors selling some of the market leading IT names and buying healthcare, media &amp; telecom, and consumer stocks. The Studio Dragon Corp (253450 KS) IPO catapulted more than 100% from its IPO price as many investors flocked to Korean entertainment, cosmetics, and biotech-related names during the month. China also announced a partial opening up of group tours to South Korea. In addition, the Bank of Korea raised the key interest…

Korea Stock Market Monthly Recap #20 (November 2017)

<ul><li><div class="content-highlight">
<strong>In October, there was a massive rotation into the consumer sector, and the sector ETF was up 14.4% during the month.</strong> Since the last week of September, investors have started to add significantly into the Korean consumer-related names, especially cosmetics, hotels &amp; leisure, household goods, and entertainment sectors. Much of this was driven by expectations of improving relations between China and South Korea. In fact, at end of October, there was a formal announcement made by the Chinese and…</div></li></ul>


In October, there was a massive rotation into the consumer sector, and the sector ETF was up 14.4% during the month. Since the last week of September, investors have started to add significantly into the Korean consumer-related names, especially cosmetics, hotels &amp; leisure, household goods, and entertainment sectors. Much of this was driven by expectations of improving relations between China and South Korea. In fact, at end of October, there was a formal announcement made by the Chinese and…

Korea Stock Market Monthly Recap #19 - (October 2017)

South Korea

E1 Corp. imports and sells liquefied petroleum gas (LPG). The Company supplies its gas to the domestic market.

Price Gauge
52-week Range	0.00 - 0.00
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E1 Corp (017940 KS)

KOSPI Size Indices: Overlap Between Global Passive Selling & Downward Migrations

There could be 37 migrations for the KOSPI Size indices in March, plus 1 LargeCap and 3 MidCap inclusions. The MidCap to LargeCap migrations have...

Brian Freitas

KOSPI Size Indices: Global Index Selling Leads to Potential Downward Migration

There could be 29 migrations for the KOSPI Size indices in March, plus 1 LargeCap and 1 MidCap inclusion. The MidCap to LargeCap migrations have...

Brian Freitas

KOSPI Size Indices: Potential Migrations in September Are Moving

There are many changes expected for the KOSPI size indices in September. The potential upward migrations have outperformed the potential downward...

Brian Freitas

Korea Stock Market Monthly Recap #20 (November 2017)

In November, there was continued sector rotation in Korea, with investors selling some of the market leading IT names and buying healthcare, media...

Douglas Kim

Korea Stock Market Monthly Recap #19 - (October 2017)

In October, there was a massive rotation into the consumer sector, and the sector ETF was up 14.4% during the month. Since the last week of...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)