Insights
In-depth research and data-driven insights on quantitative finance, factor investing, risk, and ESG from the TEJ research team.
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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.
Insights
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Factor Investing
Empirical Research on Behavioral Factors in the Taiwan Stock Market: A Case Study of the Share Distribution
In an AI-driven Taiwan stock market, mastering chip distribution (ownership structure) is the key to profitability. This study delves into the Share Distribution data from the TDCC, transforming 15 tiers of shareholding data into behavioral finance factors such as investor attention, opinion dispersion, and retail speculation. By utilizing Fama–MacBeth two-stage regression and the alphalens-tej quantitative tool, we precisely validate the predictive power of psychological biases on stock returns, providing investors with actionable Alpha strategies and robust risk management solutions.
Industry Insights
Investing in Emerging Markets: Opportunities, Risks & Strategy
Should you invest in emerging markets? Our emerging market investment guide covers the benefits, risks, and strategies to empower you with data-based decisions.
Industry Insights
Revolutionizing Sustainability: Why E-Paper is the Future and Who’s Leading the Industry
The pandemic reshaped business models, boosting electronic device sales but exposing the drawbacks of LCD and OLED screens, like eye fatigue and weight. E-paper’s lightweight, eye-friendly, and sustainable features have fueled its growth, extending from e-readers to the booming demand for electronic labels. This article explores global e-paper trends and opportunities for Taiwanese manufacturers.
Industry Insights
Touch Panel Industry, ways to end decline in profit — Venturing into new business
In 2023, under inflation, high interest rates, and excessive inventory level, the demand for consumer electronics products weakened, resulting in a sustained decline in the panel industry. The touch panel sector also faced profit erosion due to competition. Consequently, touch panel manufacturers have been actively diversifying into new business areas, despite the impact still remains relatively low at present. This article will briefly outline Taiwan’s touch panel industry’s new business plans, progress, and the industry outlook for the first half of 2024.
Industry Insights
Taiwan’s Satellite Communication Industry: An Insightful Overview
Satellite communication, offering broader coverage, is seen as a complementary communication method.
Quant Research
Stagnant Panel Price, AUO and Innolux Improve Product Portfolio to Navigate Challenges!
Amid the dim prospects of the panel industry and stagnant panel prices, how are Taiwan’s panel industry leaders, AUO and Innolux, navigating the challenges by enhancing their product portfolios?
Industry Insights
Reviving from the Shadows: The Passive Component Industry Awaits the Dawn of Recovery!
Have Taiwanese manufacturers in the passive components industry witnessed any shifts amidst the 2023 decreasing demand challenges?
Industry Insights
Will Chinese Car Manufacturers Price War Reverse Demand for Automotive Component Factories?
After the subsidy policies, what impact could the price war waged by Chinese automakers have on Taiwanese automotive component suppliers?
Industry Insights
Analyzing the Current State and Trends of Taiwan’s Networking Communication Industry
Behind Taiwan’s Networking Communication industry’s flourishing development, what fuels this growth, and what is industry ecosystem like?
Industry Insights
PCB Industry Shakeup: Southeast Asia Emerges as New Battleground
How Will Taiwan’s PCB Industry Navigate Geopolitical Winds and Trade Turmoil to Ensure Growth in Exports and Manage Capacity Migration?
Industry Insights
Understanding the Cybersecurity Industry Chain
The business opportunities incurred by cybersecurity crises are much larger than you imagine. But before putting your cash in, do you understand the cybersecurity industry chain and its components?
Quant Research
The sweet period of emerging stock to listed stock
We calculate the win rate and return by industry for the emerging market to listed market. As opposed to the company releasing news — the event day study that will apply to the listed market. Key Words：Pre IPO、Sweet Period Highlights Difficulty: ★★☆☆☆ Advice: This article use Python to select and classify data, then implement the […]