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Fundamental Factor Research: Monthly Revenue Information – part1
The Taiwan equity market possesses a rare institutional advantage globally: under the Securities and Exchange Act, listed companies are required to announce and report their operational results for the preceding month by the 10th of each month (Exception: starting from FY2026, insurance companies and entities with insurance subsidiaries may extend their disclosure deadline to the 15th of each month). This is commonly referred to in the market as "Monthly Revenue".
Factor Strategy – Integrating Broker Consensus to Enhance Foreign Concentration Strategies – QFII Part 2
Boost your quantitative strategy with QFII concentration & broker consensus! Discover how the conc_qfii fusion strategy delivers a 30.12% annualized return in the Taiwan large-cap market.
Factor Research – Tracking Smart Money Footprints via Foreign Institutional Concentration – QFII Part 1
Track QFII ‘smart money’ footprints in Taiwan large-cap stocks! Learn how the Foreign-Institutional Trading Concentration (conc_qfii) factor predicts returns.
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Event & Alternative Signals
How Information Sources Shift Stock Prices: Empirical Evidence from TCRI Watchdog
TCRI Watchdog (WD) converts complex news and announcements into standardized quantitative alternative data. Building on our research into “Official Announcements (Source P)” and “Media News (Source N),” we have confirmed that disclosure channels directly dictate the speed and structure of market digestion. This chapter moves from macro “Event Categories” to micro “Source × Sub-category” dimensions to capture actionable Alpha within granular events. Focusing on high-sensitivity “Corporate Control Events,” we analyze the signal heterogeneity between Source P and Source N. We further demonstrate how these high-precision signals assist investors in optimizing entry timing and hedging strategies.
Event & Alternative Signals
From News to Markets: Investment Signals from Media Coverage (Part II) — An Empirical Analysis of TCRI Watchdog “N News Media” Events
While Part I establishes that news events generate identifiable market reactions, the informational content of news varies widely—from industry developments and financial disclosures to management changes and corporate crises. Event intensity alone is insufficient to explain these differences. Accordingly, this section decomposes news events into five categories (A, I, M, F, R) and examines whether markets respond systematically differently across news types.
Event & Alternative Signals
From News to Markets: Investment Signals from Media Coverage (Part I) — An Empirical Analysis of TCRI Watchdog “N News Media” Events
Introduction: News as an Event-Based Market Signal In today’s highly real-time and information-saturated markets, news media no longer merely serve as post-hoc explanations of price movements. Instead, they have become a critical channel through which market expectations are formed and sentiment spreads. Compared with structured disclosures such as regulatory penalties or official disclosures via the […]
Event & Alternative Signals
TCRI Watchdog Part2：How Different Types of Corporate Events Shape Market Reactions
TCRI Watchdog classifies all events into 5 major categories: Accounting, Industry Prospects, Management & Governance, Market Transactions, and Crisis Events. We analyze how each category affects stock prices, compare their reaction magnitudes and persistence, and highlight which types of information serve as the most important early-warning signals for investors.
Event & Alternative Signals
How Major Announcements Drive Stock Price Volatility：Event Study of the TCRI Watchdog “P” Type Event－Part 1
Discover how TCRI Watchdog quantifies material announcements and reveals the asymmetric market impact of event intensity. Learn why negative events drive deeper, longer price reactions and how investors can use event-based signals to enhance risk monitoring and strategy design. We find that higher-ranked portfolios deliver significant short-term excess returns, while predictive power weakens over longer horizons. The results highlight the practical value of Point-in-Time financial data for quantitative factor investing and underscore its role in building replicable, data-driven investment strategies.
Event & Alternative Signals
Forecasting Dividend Rebound Probability with Ex-Dividend Event Studies
Discover how TEJ’s ex-dividend event data and financial indicators help forecast stock rebound probability. Learn to identify high-yield Taiwan stocks with stronger post-dividend performance using TEJ’s point-in-time quantitative datasets.
Event & Alternative Signals
Alternative Data Integration: Step-by-Step Guide for Investors
Dividend arbitrage focuses on the price inefficiencies between dividend payouts and option pricing. This article will explore its execution process, examples, and challenges.
Event & Alternative Signals
Investing with Labor Market Alternative Data: Insights & Tips
Dividend arbitrage focuses on the price inefficiencies between dividend payouts and option pricing. This article will explore its execution process, examples, and challenges.
Event & Alternative Signals
Alternative Data in Hedge Funds: Strategies & Success Story
Dividend arbitrage focuses on the price inefficiencies between dividend payouts and option pricing. This article will explore its execution process, examples, and challenges.
Event & Alternative Signals
What Is Event-Driven Investing? Strategies, Examples & Insights
Learn what event-driven investing is, how it exploits pricing inefficiencies from corporate events, and explore common strategies with real-world examples.
Event & Alternative Signals
Treasury Stock: A Strategic Tool for Corporate Flexibility and Value Management
Treasury stock refers to shares a company repurchases with its own cash. These shares may be held for future issuance or permanently retired from circulation. Companies usually set a maximum buyback volume, but the actual repurchased amount determines the execution rate—the ratio of completed buybacks to the planned volume. A high execution rate suggests aggressive buybacks, while a low rate may indicate caution amid market conditions.
Event & Alternative Signals
Revenue Numbers Don’t Lie: How to Gain Insight into Stock Price Movements from Quarterly Reports
How to Gain Insight into Stock Price Movements from Quarterly Reports? This article will use quarterly reports stock selection to filter the top 20% of listed companies in Taiwan by quarterly revenue and implement long positions. Through this revenue-based backtesting approach, we can identify potential strong stocks in the market and verify the effectiveness of this quarterly stock selection strategy with accurate data. It is simple and provides investors with a stable and systematic basis for stock picking, uncovering the hidden signals behind stock price movements.