Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Event-Driven

<p>Nexon GT hit nearly 10x 30D DTV last Friday. It eventually wrapped up the day with a 9% gain.</p><p>It was attributable to the market rumor that Nexon KJJ may give it another try.</p><p>Yes, selling the company.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/172/204/original/chart.png?1605584095" class="editor-image img-responsive" data-smartkarma-image-id="172204"></figure></section><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/172/205/original/chart%20%281%29.png?1605584106" class="editor-image img-responsive" data-smartkarma-image-id="172205"></figure></section><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/172/206/original/chart%20%282%29.png?1605584114" class="editor-image img-responsive" data-smartkarma-image-id="172206"></figure></section><table class="table table-striped">
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"Item"}'>Item</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":2,"2":"Value"}'>Value</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"Name"}' data-sheets-numberformat='{"1":5,"2":"m\"/\"d\"/\"yy"}'>Name</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":2,"2":"Nexon GT Co Ltd"}' data-sheets-numberformat='{"1":4,"2":"[$₩]#,##0"}' data-sheets-formula='=googlefinance(R[1]C[0], "name")'>Nexon GT Co Ltd</td>
</tr>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"Ticker"}' data-sheets-numberformat='{"1":5,"2":"m\"/\"d\"/\"yy"}'>Ticker</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":2,"2":"041140"}' data-sheets-numberformat='{"1":4,"2":"[$₩]#,##0"}' data-sheets-formula="=R[0]C[-4]">041140</td>
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<tr>
<td style="width: 351.818px;">MC (₩B)</td>
<td style="text-align: right; width: 350.909px;">468.7</td>
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<tr>
<td style="width: 351.818px;">PE (x)</td>
<td style="text-align: right; width: 350.909px;">17.58</td>
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<td style="width: 351.818px;">RSI (14)</td>
<td style="text-align: right; width: 350.909px;">14.02</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"52WH"}'>52WH</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":-0.37995337995337997}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula="=(R5C[-4]-R[0]C[1])/R[0]C[1]">-38.00%</td>
</tr>
<tr>
<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":" - Date"}'>- Date</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":44053.64583333333}' data-sheets-numberformat='{"1":5,"2":"m\"/\"d\"/\"yy"}' data-sheets-formula='=index(googlefinance(R[-2]C[0], "price", today()-365, today()), (match(max(index(googlefinance(R[-2]C[0], "price", today()-365, today()), 0, 2)), index(googlefinance(R[-2]C[0], "price", today()-365, today()), 0, 2), 0)), 1)'>8/10/20</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"52WL"}'>52WL</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":3.169278996865204}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula="=(R5C[-4]-R[0]C[1])/R[0]C[1]">316.93%</td>
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<tr>
<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":" - Date"}'>- Date</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":43909.64583333333}' data-sheets-numberformat='{"1":5,"2":"m\"/\"d\"/\"yy"}' data-sheets-formula='=index(googlefinance(R[-4]C[0], "price", today()-365, today()), (match(min(index(googlefinance(R[-4]C[0], "price", today()-365, today()), 0, 2)), index(googlefinance(R[-4]C[0], "price", today()-365, today()), 0, 2), 0)), 1)'>3/19/20</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"20D SMA"}'>20D SMA</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":0.03645978291121627}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula="=(R5C2-R304C[11])/R304C[11]">3.68%</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"20D EMA"}'>20D EMA</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":0.8282098276395986}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula="=(R5C2-R304C[12])/R304C[12]">-0.09%</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"1M Δ"}'>1M Δ</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":-0.007462686567164179}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=(googlefinance(R[-7]C2, "price")-index(googlefinance(R[-7]C2, "price", today()-30), 2,2))/index(googlefinance(R[-7]C2, "price", today()-30), 2,2)'>-0.75%</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"1M SD"}'>1M SD</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":0.04843325495420494}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=stdev.s(index((googlefinance(R3C[-4], "price", today()-30, today())), 0, 2))/average(index((googlefinance(R3C[-4], "price", today()-30, today())), 0, 2))'>4.84%</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"3M Δ"}'>3M Δ</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":-0.2887700534759358}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=(googlefinance(R[-9]C2, "price")-index(googlefinance(R[-9]C2, "price", today()-90), 2,2))/index(googlefinance(R[-9]C2, "price", today()-90), 2,2)'>-28.88%</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"3M SD"}'>3M SD</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":0.15250497055360993}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=stdev.s(index((googlefinance(R3C[-4], "price", today()-90, today())), 0, 2))/average(index((googlefinance(R3C[-4], "price", today()-90, today())), 0, 2))'>15.25%</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"6M Δ"}'>6M Δ</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":0.6440049443757726}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=(googlefinance(R[-11]C2, "price")-index(googlefinance(R[-11]C2, "price", today()-180), 2,2))/index(googlefinance(R[-11]C2, "price", today()-180), 2,2)'>64.40%</td>
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<td style="width: 351.818px;" data-sheets-value='{"1":2,"2":"6M SD"}'>6M SD</td>
<td style="text-align: right; width: 350.909px;" data-sheets-value='{"1":3,"3":0.24890197224978697}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=stdev.s(index((googlefinance(R3C[-4], "price", today()-180, today())), 0, 2))/average(index((googlefinance(R3C[-4], "price", today()-180, today())), 0, 2))'>24.89%</td>
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<tr><td colspan="2" style="width: 723.636px;" data-sheets-value='{"1":2,"2":"Source: Google Finance"}'>Source: Google Finance</td></tr>
</tbody>
</table>

Nexon GT hit nearly 10x 30D DTV last Friday. It eventually wrapped up the day with a 9% gain.It was attributable to the market rumor that Nexon KJJ may give it another try.Yes, selling the company.






Item
Value


Name
Nexon GT Co Ltd


Ticker
041140


MC (₩B)
468.7


PE (x)
17.58


RSI (14)
14.02


52WH
-38.00%


- Date
8/10/20


52WL
316.93%


- Date
3/19/20


20D SMA
3.68%


20D EMA
-0.09%


1M Δ
-0.75%


1M SD
4.84%


3M Δ
-28.88%


3M SD
15.25%


6M Δ
64.40%


6M SD
24.89%

Source: Google Finance



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