'Quantamental' Japan Specialist, LightStream Research

Campbell Gunn

'Quantamental' Japan Specialist

ja research

ja research is an independent research platform focused exclusively on Japanese equities. Leveraging data and graphic analysis provided by Japan Analytics, we provide insights on small and medium-sized companies that have been ignored by the sell-side as well as challenging conventional wisdom on larger companies. We also offer analyst and corporate access, the latter with translation if required. 

Quantitative Analysis

IN THE RED - The Japanese equity market as measured by our All Market Composite has declined by 5.8% in a week, by 11.6 in a month and is now down 7.2% over one year. All sectors are now lower over one month with the traditionally defensive sectors holding up best. Global cyclicals sectors and the more overpriced domestic growth sectors have been the major underperformers. <figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/067/780/original/2018-10-26_07-43-37.png?1540507433" class="editor-image img-responsive" data-smartkarma-image-id="67780"></figure><div class="content-caption">Source: Japan Analytics</div><div class="content-highlight">OVERSOLD - In the short term, Japanese equities are now clearly oversold, however, does this represent a longer-term buying opportunity?</div>

IN THE RED - The Japanese equity market as measured by our All Market Composite has declined by 5.8% in a week, by 11.6 in a month and is now down 7.2% over one year. All sectors are now lower over one month with the traditionally defensive sectors holding up best. Global cyclicals sectors and the more overpriced domestic growth sectors have been the major underperformers. Source: Japan AnalyticsOVERSOLD - In the short term, Japanese equities are now clearly oversold, however, does this represent a longer-term buying opportunity?

Japan: Market Update - Oversold, However....

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

In our October International Strategy, we provide a synopsis on current market conditions around the globe, and explore the following themes in further detail:<ul>
<li>Supporting our cautious outlook, cyclical and growth Sectors are breaking down on the international front - namely Technology and Consumer Discretionary.  </li>
<li>Overweight Norway.</li>
<li>Price support holding in Japan as RS improves. </li>
<li>Health Care remains attractive, especially defensive pharma Groups within Japan and Europe.</li>
</ul>

In our October International Strategy, we provide a synopsis on current market conditions around the globe, and explore the following themes in further detail:
Supporting our cautious outlook, cyclical and growth Sectors are breaking down on the international front - namely Technology and Consumer Discretionary.  
Overweight Norway.
Price support holding in Japan as RS improves. 
Health Care remains attractive, especially defensive pharma Groups within Japan and Europe.


Global Equity Strategy: Market Deterioration Continues; Cyclical & Growth Sectors Breaking Down

TSE Tokyo Price Index TOPIX / Technical Analysis

Japanese Diversified Industrials are particularly attractive and actionable in spite of the recent global selloff in equities. In this report we focus on six stocks with the best setups in the Group: Mitsubishi Corporation (8058-JP), DAIKIN INDUSTRIES, LTD. (6367-JP), Mitsubishi Heavy Industries, Ltd. (7011-JP), IHI Corporation (7013-JP), Hitachi Metals, Ltd. (5486-JP), and Sojitz Corp. (2768-JP). Add exposure.

Japanese Diversified Industrials are particularly attractive and actionable in spite of the recent global selloff in equities. In this report we focus on six stocks with the best setups in the Group: Mitsubishi Corporation (8058-JP), DAIKIN INDUSTRIES, LTD. (6367-JP), Mitsubishi Heavy Industries, Ltd. (7011-JP), IHI Corporation (7013-JP), Hitachi Metals, Ltd. (5486-JP), and Sojitz Corp. (2768-JP). Add exposure.

Managing Director, MTS Research

Peter Beuttell

Managing Director

MTS Research

MTS Research Limited is an independent investment research company specialising in technical analysis. 

MTS Research provides technical analysis services in the form of regular publications and consultancy advice, catering for a number of different investment approaches from absolute or relative returns to long-only and long/short.  The company has a global client base of blue-chip financial institutions ranging in size and stretching from Los Angeles to Tokyo, via New York, London, Frankfurt and Hong Kong.  

MTS was founded in 1989 at the request of Morgan Grenfell Investment Services Limited (MGIS), the ERISA arm of Morgan Grenfell Asset Management (subsequently Deutsche Asset Management), by Peter Beuttell, a Portfolio Manager at MGIS between 1987 and 1989. 

Peter is a qualified Chartered Accountant and self-taught market technician with over 30 years experience.  At MGIS, Peter managed money in European, Australasian and Far East markets for US clients, such as American Airlines and American Petrofina.  He achieved first quartile perfomance on their behalf by blending fundamental and technical analysis in his investment decision-making.  

After an initial focus on the EAFE markets (Europe, Australasia and Far East), the company has recently expanded its coverage to include the Americas, thanks to the recently-completed two-year Knowledge Transfer Partnership with the University of Plymouth.  The resulting software – the Technical Overlay Program (TOP) – allows fund managers to access an immediate Technical view on any market, sector, stock, bond yield, currency or commodity within their selected universe.

MTS Research consists of a team of five based in Penzance and London. 

Serious.  It could easily mark the beginning of a bear market.So I have posted below Friday's commentary from Global Markets Review.  The previous two weeks' were headed Trend termination pattern in the US? and Another critical juncture, respectively and all three are available on request from <a href="mailto:jo@mtsresearch.com" target="_blank">joanne@mtsresearch.com</a>.  This is my first post since 2nd July, because previous analysis did not attract a great deal of interest, possibly because, as Technical Analysis goes, it is quite "technical"!  And it was less obvious that we were on the verge of a bear market.  However, if we get a decent response to this offer, I will start posting here again.In any event, a belated thank you to all of you who did take an interest.

Serious.  It could easily mark the beginning of a bear market.So I have posted below Friday's commentary from Global Markets Review.  The previous two weeks' were headed Trend termination pattern in the US? and Another critical juncture, respectively and all three are available on request from joanne@mtsresearch.com.  This is my first post since 2nd July, because previous analysis did not attract a great deal of interest, possibly because, as Technical Analysis goes, it is quite "technical"!  And it was less obvious that we were on the verge of a bear market.  However, if we get a decent response to this offer, I will start posting here again.In any event, a belated thank you to all of you who did take an interest.

The current pullback within Japan’s TOPIX and Nikkei 225 indexes is offering an opportunity to add exposure to attractive constituents. Consumer electronics manufacturers are particularly attractive. Today we direct your attention to four stocks with the best setups in the group: Sony (6758-JP), Nintendo (7974-JP), FUJIFILM (4901-JP), and Zenrin (9474-JP). Add exposure.

The current pullback within Japan’s TOPIX and Nikkei 225 indexes is offering an opportunity to add exposure to attractive constituents. Consumer electronics manufacturers are particularly attractive. Today we direct your attention to four stocks with the best setups in the group: Sony (6758-JP), Nintendo (7974-JP), FUJIFILM (4901-JP), and Zenrin (9474-JP). Add exposure.

Amid the Turmoil, Buy Opportunities in Japan: Sony, Nintendo, FUJIFILM, Zenrin

Japan

The TOPIX, also known as the Tokyo Stock Price Index, is a capitalization-weighted index of all companies listed on the First Section of the Tokyo Stock Exchange. The index is supplemented by the subindices of the 33 industry sectors. The index calculation excludes temporary issues and preferred stocks, and has a base value of 100 as of January 4, 1968.

TSE Tokyo Price Index TOPIX (TPX INDEX)

Japan: Market Update - Oversold, However....

IN THE RED - The Japanese equity market as measured by our All Market Composite has declined by 5.8% in a week, by 11.6 in a month and is now down...

Campbell Gunn

Global Equity Strategy: Market Deterioration Continues; Cyclical & Growth Sectors Breaking Down

In our October International Strategy, we provide a synopsis on current market conditions around the globe, and explore the following themes in...

Vermilion Research

Buy: Japanese Diversified Industrials

Japanese Diversified Industrials are particularly attractive and actionable in spite of the recent global selloff in equities. In this report we...

Vermilion Research

S&P 500: How Serious Is This Sell-Off?

Serious. It could easily mark the beginning of a bear market.So I have posted below Friday's commentary from Global Markets Review. The previous...

Peter Beuttell

Amid the Turmoil, Buy Opportunities in Japan: Sony, Nintendo, FUJIFILM, Zenrin

The current pullback within Japan’s TOPIX and Nikkei 225 indexes is offering an opportunity to add exposure to attractive constituents. Consumer...

Vermilion Research