US-EU Index Rebalances / Quantitative Researcher, Ortex

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

Ortex

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/koninklijke-vopak-nv" target="_blank" data-smartkarma-citation="entities:21144:1" rel="noopener">Koninklijke Vopak Nv (VPK NA)</a> &amp; <a href="https://www.smartkarma.com/entities/shaftesbury-plc" target="_blank" data-smartkarma-citation="entities:22140:1" rel="noopener">Shaftesbury PLC (SHB LN)</a> are currently passing the entry rank of SXXP. Forecasted passive fund demands are $22m-$34m and 3-5 ADV. </li>
<li>
<a href="https://www.smartkarma.com/entities/indivior-plc" target="_blank" data-smartkarma-citation="entities:21996:1" rel="noopener">Indivior PLC (INDV LN)</a> is currently the only one below the exit rank of SXXP. Forecasted passive fund supply is $11.5m and 1.4 ADV.</li>
<li>'Most liquid stock' criterion can cause a 'switch' of share lines in the index as it happened with <a href="https://www.smartkarma.com/entities/chocoladefabriken-lindt-spru-d0c11ab4-21ec-491e-9b8f-44b06e078529" target="_blank" data-smartkarma-citation="entities:24963:1" rel="noopener">Lindt (LISP SW)</a> and <a href="https://www.smartkarma.com/entities/chocoladefabriken-lindt-sprungli" target="_blank" data-smartkarma-citation="entities:22420:1" rel="noopener">Lindt (LISN SW)</a> in September 2022. </li>
</ul>



Koninklijke Vopak Nv (VPK NA) &amp; Shaftesbury PLC (SHB LN) are currently passing the entry rank of SXXP. Forecasted passive fund demands are $22m-$34m and 3-5 ADV. 

Indivior PLC (INDV LN) is currently the only one below the exit rank of SXXP. Forecasted passive fund supply is $11.5m and 1.4 ADV.
'Most liquid stock' criterion can cause a 'switch' of share lines in the index as it happened with Lindt (LISP SW) and Lindt (LISN SW) in September 2022. 


STOXX 600: First September Forecasts for Europe and Eurozone

Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>In this insight, we take a look at the names leading the race to become ADDs/DELs for the STOXX Europe 600 and EuroSTOXX Indices for the December 2022 Rebalance.</li>
<li>I expect at least two STOXX Europe 600 constituents involved in M&amp;A deals to get deleted in November 2022. There could be more in December 2022.</li>
<li>
<a href="https://www.smartkarma.com/entities/dr-ing-h-c-f-porsche-aktiengesellschaft" target="_blank" data-smartkarma-citation="entities:36343:1" rel="noopener">Porsche AG (P911 GR)</a> is currently the highest ranked non-constituent and is leading the race to become an intra-review add in November 2022.</li>
</ul>


In this insight, we take a look at the names leading the race to become ADDs/DELs for the STOXX Europe 600 and EuroSTOXX Indices for the December 2022 Rebalance.
I expect at least two STOXX Europe 600 constituents involved in M&amp;A deals to get deleted in November 2022. There could be more in December 2022.

Porsche AG (P911 GR) is currently the highest ranked non-constituent and is leading the race to become an intra-review add in November 2022.


STOXX Europe Quiddity Leaderboard Dec 22: Two Intra-Review Changes & Porsche Addition Likely In Nov

<ul>
<li>The index changes for the STOXX Europe Indices for the June 2022 Rebalance were announced yesterday. </li>
<li>There will be 11 Adds and 11 Deletes for the STOXX Europe 600 Index. Some of these changes will also be reflected in the EURO STOXX Index.</li>
<li>Below is a closer look at the Inclusion Parameters and price performance of the names involved in this Rebalance Event.</li>
</ul>


The index changes for the STOXX Europe Indices for the June 2022 Rebalance were announced yesterday. 
There will be 11 Adds and 11 Deletes for the STOXX Europe 600 Index. Some of these changes will also be reflected in the EURO STOXX Index.
Below is a closer look at the Inclusion Parameters and price performance of the names involved in this Rebalance Event.


STOXX Europe June 2022 Rebal: Focus on Wacker Chemie, Telefonica Deutschland, CD Projekt, and Nokian

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>The DAX and Hang Seng are reversing their downtrends while MSCI China (MCHI-US) and China Internet (KWEB-US) are currently testing their respective multi-month downtrends.</li>
<li>Reversals of these downtrends would signal a bear market rally in progress.</li>
<li>We will need to see more basing, followed by base breakouts, in order to get bullish -- a process that would likely take weeks or months.</li>
</ul>


The DAX and Hang Seng are reversing their downtrends while MSCI China (MCHI-US) and China Internet (KWEB-US) are currently testing their respective multi-month downtrends.
Reversals of these downtrends would signal a bear market rally in progress.
We will need to see more basing, followed by base breakouts, in order to get bullish -- a process that would likely take weeks or months.


Still Bearish, But On Watch for Bear Market Rally; Buying Toshiba 6502-JP, Defensive Sectors

<ul>
<li>The STOXX Europe 600 Index is a benchmark index with a fixed number of 600 components representing large, mid and small capitalization companies across 17 countries of the European region.</li>
<li>The EURO STOXX Index is a subset of the STOXX Europe 600 Index and is also the parent index for the widely-tracked EURO STOXX 50 Index.</li>
<li>This is a follow-up insight to <a href="https://www.smartkarma.com/insights/stoxx-europe-indices-quiddity-leaderboard-for-june-2022-rebalance" target="_blank" data-smartkarma-citation="insights:68708" rel="noopener">STOXX Europe Indices: Quiddity Leaderboard for June 2022 Rebalance</a> with an updated look at potential index changes in June 2022.</li>
</ul>


The STOXX Europe 600 Index is a benchmark index with a fixed number of 600 components representing large, mid and small capitalization companies across 17 countries of the European region.
The EURO STOXX Index is a subset of the STOXX Europe 600 Index and is also the parent index for the widely-tracked EURO STOXX 50 Index.
This is a follow-up insight to STOXX Europe Indices: Quiddity Leaderboard for June 2022 Rebalance with an updated look at potential index changes in June 2022.


STOXX Europe Indices: Quiddity Leaderboard for June 2022 2.0

United Kingdom

Indivior PLC is headquartered in England. The Company's line of business includes the manufacturing, fabricating, or processing of drugs in pharmaceutical preparations for human or veterinary use.

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Indivior PLC (INDV LN)

STOXX 600: First September Forecasts for Europe and Eurozone

Koninklijke Vopak & Shaftesbury PLC are currently the top 2 candidates for addition in SXXP while Indivior PLC is the main candidate for deletion.

Dimitris Ioannidis

STOXX Europe Quiddity Leaderboard Dec 22: Two Intra-Review Changes & Porsche Addition Likely In Nov

Between now and the end of the year, there could up to 14 constituent changes in the STOXX Europe 600 index including 5 intra review changes....

Janaghan Jeyakumar, CFA

STOXX Europe June 2022 Rebal: Focus on Wacker Chemie, Telefonica Deutschland, CD Projekt, and Nokian

STOXX Europe June 2022 Index changes have been confirmed. The estimated volume impacts seem low but historical performance is promising and paying...

Janaghan Jeyakumar, CFA

Still Bearish, But On Watch for Bear Market Rally; Buying Toshiba 6502-JP, Defensive Sectors

The $DAX and Hang Seng are reversing their downtrends while China $MCHI and China Internet $KWEB are currently testing their respective multi-month...

Vermilion Research

STOXX Europe Indices: Quiddity Leaderboard for June 2022 2.0

A look at the potential ADDs and potential DELETEs for the STOXX Europe 600 Index and the EURO STOXX Index during the June 2022 Review.

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

STOXX 600: First September Forecasts for Europe and Eurozone

​Koninklijke Vopak & Shaftesbury PLC are currently the top 2 candidates for addition in SXXP while Indivior PLC is the main candidate for deletion.

Dimitris Ioannidis

STOXX Europe Quiddity Leaderboard Dec 22: Two Intra-Review Changes & Porsche Addition Likely In Nov

Between now and the end of the year, there could up to 14 constituent changes in the STOXX Europe 600 index including 5 intra review changes....

Janaghan Jeyakumar, CFA

STOXX Europe June 2022 Rebal: Focus on Wacker Chemie, Telefonica Deutschland, CD Projekt, and Nokian

STOXX Europe June 2022 Index changes have been confirmed. The estimated volume impacts seem low but historical performance is promising and paying...

Janaghan Jeyakumar, CFA

Still Bearish, But On Watch for Bear Market Rally; Buying Toshiba 6502-JP, Defensive Sectors

The $DAX and Hang Seng are reversing their downtrends while China $MCHI and China Internet $KWEB are currently testing their respective multi-month...

Vermilion Research

STOXX Europe Indices: Quiddity Leaderboard for June 2022 2.0

A look at the potential ADDs and potential DELETEs for the STOXX Europe 600 Index and the EURO STOXX Index during the June 2022 Review.

Janaghan Jeyakumar, CFA

Koninklijke Vopak & Shaftesbury PLC are currently the top 2 candidates for addition in SXXP while Indivior PLC is the main candidate for deletion.