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

NTT (Nippon Telegraph & Telephone) / Event-Driven

<ul>
<li>On 7 April, the JPX announced the changes to the Free Float Weights (FFW) for the TOPIX Index. There are some big changes due to the updated FFW methodology.</li>
<li>From April to June, we see a one-way turnover of 2.87% and a one-way trade of ¥2,285bn. Some stocks have opposite way flows in different months.</li>
<li>Stocks with inflows outperformed stocks with outflows from Oct-Dec 2021 before giving up all the gains. These stocks have started to outperform and could continue outperforming over the next quarter.</li>
</ul>


On 7 April, the JPX announced the changes to the Free Float Weights (FFW) for the TOPIX Index. There are some big changes due to the updated FFW methodology.
From April to June, we see a one-way turnover of 2.87% and a one-way trade of ¥2,285bn. Some stocks have opposite way flows in different months.
Stocks with inflows outperformed stocks with outflows from Oct-Dec 2021 before giving up all the gains. These stocks have started to outperform and could continue outperforming over the next quarter.


TOPIX FFW Transition - Big Flows from April to June

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

SMALLCAP TOPIX INCLUSION EVENTOn July 14th this year, <a href="https://www.smartkarma.com/entities/24232" target="_blank" data-smartkarma-citation="entities:24232:1">Insource Co Ltd (6200 JP)</a>, <a href="http://www.insource.co.jp/gaiyo/news17071401.html" target="_blank">announced</a> it would move from a TSE MOTHERS listing to the TSE First Section as of July 21st. On Friday, it confirmed its arrival on TSE1.This event triggers inclusion into the TOPIX Index. According to the TOPIX Index Methodology (described on p7 of the <a href="http://www.jpx.co.jp/english/markets/indices/topix/tvdivq00000030ne-att/e_cal_3_topix.pdf" target="_blank">TOPIX Index Guidebook</a>), inclusion will be on the last business day on the month following entrance into the First Section. This means the inclusion event will be at…

SMALLCAP TOPIX INCLUSION EVENTOn July 14th this year, Insource Co Ltd (6200 JP), announced it would move from a TSE MOTHERS listing to the TSE First Section as of July 21st. On Friday, it confirmed its arrival on TSE1.This event triggers inclusion into the TOPIX Index. According to the TOPIX Index Methodology (described on p7 of the TOPIX Index Guidebook), inclusion will be on the last business day on the month following entrance into the First Section. This means the inclusion event will be at…

Insource (6200) TSE1 Promotion & TOPIX Inclusion Aug 30th

Japan

Insource Co., Ltd. provides corporate training and business related open courses. Also, it offers HR related system and transition support for employment as well as production of e-learning and corporate movies.

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Insource Co Ltd (6200 JP)

TOPIX FFW Transition - Big Flows from April to June

Changes to the Topix FFW methodology will result in a turnover of 2.87% & trade of ¥2,285bn from April to June. There is a lot to trade on some...

Brian Freitas

Insource (6200) TSE1 Promotion & TOPIX Inclusion Aug 30th

SMALLCAP TOPIX INCLUSION EVENTOn July 14th this year, Insource Co Ltd (6200 JP), announced it would move from a TSE MOTHERS listing to the...

Travis Lundy

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