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.
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Quant Research
Insider Transfer Strategy: A Solution to Timing Difficulties
The insider transfer strategy was constructed by adding the RSI indicator to the timing of insider transfers, aiming to explore whether following insiders into the market in a constantly rising stock market has good timing capabilities. The performance of insider transfer strategy is also backtested in this article.
Quant Data Science
TQuant Lab Williams %R, looking for stock price turning points
This time, the Williams %R strategy was used for backtesting. The Williams indicator is also called the Williams index, wmsr, or W%R. Its English name is The Williams Percent Range. It was created by the famous American trader Larry Williams in 1973. It is a standard indicator in technical analysis. One. The KD line and other indicators commonly used by investors to judge overbought or oversold are developed based on the William indicator.
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
High-Speed Transmission IC Design Industry Overcomes Inventory Peaks, Paving the Way for New Opportunities
With the advancement of technology, the amount of data computers need to process has become increasingly massive. The transmission speed of computers in the past has become insufficient to meet the demands of next-generation high-speed computing. Therefore, when faster transmission interface specifications are introduced, high-speed transmission IC design companies must also increase their investment in developing related products. However, in recent years, high-speed transmission IC design companies have experienced declining revenues and profits. After a two-year inventory adjustment period, by the second half of 2023, most manufacturers’ inventories have returned to a healthier level. Additionally, with inflation gradually cooling down and the surge in AI demand, terminal demand is expected to gradually recover. This article will introduce you to the high-speed transmission IC design industry and provide insights into the latest trends in the IC industry.
Quant Data Science
TQuant Lab Ichimoku Kinko Hyo Strategy, A Self-contained Technical Analysis Indicator
The Ichimoku Kinko Hyo strategy employed in this simulation utilizes the concept of the three-line conversion in the Ichimoku Cloud chart for backtesting, coupled with trailing stop-loss testing for profitability. Under the pen name Ichimoku Sanjin (いちもくさんじん / Ichimoku Sanjin), Goichi Hosoda authored seven series of works detailing the philosophy behind this indicator and its trading system.
Event & Alternative Signals
Should ESG ETF Be a Buy? Backtest Performance of ESG ETF
ESG is an important indicator for evaluating a company’s sustainable development and is also one of the important issues that investors pay attention to. Environmental risks are an issue that the world must pay attention to. Both investors and social groups have begun to supervise companies’ or governments’ response measures to environmental risks. This article will buy-and-hold ESG ETF and backtest risk and performance.
Market Knowledge & Data Guides
Introducing Three Major Institutional Investors in Taiwan (2)
The net buy/sell, stock holding ratio, and turnover rate of the three major institutional investors are important indicators in chip analysis. When making investments, using this information as a basis allows us to better understand the market dynamics and potentially profit from stock trading.
Market Knowledge & Data Guides
Introducing Three Major Institutional Investors in Taiwan (1)
The term “Three Major Institutional Investors” specifically refers to foreign institutional investors, investment funds, and dealers. Compared to individual retail investors, these institutions have large and concentrated funds, holding a considerable portion of the market in stock trading.
Market Knowledge & Data Guides
Data Analytics in Stock Market: the Power of Data-Driven Investing
Data analytics in the stock market plays a vital role in understanding market dynamics, making informed decisions, and optimizing investment strategies. This process involves deep analysis of extensive datasets to extract market trends, actionable insights, and predictive indicators. It’s the key to forecasting market movements, identifying investment opportunities, and managing risks with a data-driven approach.
Market Knowledge & Data Guides
Mastering M&A Valuation: Key Strategies for Accurate Assessments
In business, mergers and acquisitions (M&A) serve as catalysts for growth, transformation, and enhanced capital market dynamics. For a company, M&A is a strategic decision that can create significant value for business by combining complementary assets, expanding market share, or achieving operational efficiencies; in other words, to achieve synergy.
Quant Data Science
TQuant Lab KD Indicator Strategy: Exploring Stock Price Reversal Timing?
The KD Indicator is a practical and widely used tool in technical analysis. It’s primarily used to determine the short-term strength of stock prices and potential reversal timing.
Quant Research
Should we Buy Measuring Stocks? Backtest performance of measuring stocks
This article selects disposal stocks as investment targets and uses TQuant Lab to conduct backtest performance analysis of buy, sell, and hold targets to confirm whether the investment strategy of popular stocks is a profitable and well-performing target.