Insights
In-depth research and data-driven insights on quantitative finance, factor investing, risk, and ESG from the TEJ research team.
Trending
Editor's picks from our research desk.
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
Browse all articles by topic.
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?
Market Knowledge & Data Guides
Survivorship Bias
Highlights Preface Survivorship bias refers to a type of error in research or observation where only the successful or surviving entities or events are considered, while the failures or disappearances are ignored or excluded. This bias can lead to a misunderstanding of the overall situation because observing only the successful or surviving entities may not […]
Industry Insights
Battle for Control in Taiwan: Cases of TaiShan and Shin Kong Financial
The ongoing battle for control in Taiwanese companies has been escalating. Let’s take a look at the two renowned cases!
Industry Insights
Unprecedented Inverted Yield Curve Spurs Popularity in Bond ETFs
How does an inverted yield curve cause a rise in bond ETFs? Do you know how Bond ETFs works before you put your money in?
Quant Research
【Quant】PE ratio Analyzing
Using PE ratio to assess current stock price Keywords: PE ratio, EPS, visualization Highlights: Preface: The PE ratio is a typical indicator that evaluates the reasonability of the stock’s price. The formula is PE ratio = (Price Per Share) / (Earning Per Share). The higher PE ratio indicates the overestimated price of the stock, which […]
Quant Data Science
Employee Turnover Rate Prediction
Employee turnover rate refers to the fluctuation in human resources within a company during a specific period due to employee departures and new hires. This metric is a crucial concept for assessing the stability of both the organizational structure and the workforce within a company. A lower turnover rate indicates that there are relatively fewer personnel changes, reflecting stability and continuity within the organization. Conversely, a higher turnover rate may imply organizational issues, job dissatisfaction, or other factors that can have a negative impact on company operations and the work environment. Monitoring employee turnover rates helps companies understand and evaluate the effectiveness of their human resource management strategies. It enables them to take appropriate measures to improve employee retention and satisfaction, ensuring long-term stability and growth for the organization. Predicting turnover rates allows companies to better plan and manage their human resources, reduce costs, increase talent retention, and enhance organizational effectiveness.
Industry Insights
An Upcoming ESG Trend in Taiwan: Linking ESG Metrics to Executive Pay
The linkage between executive pay and ESG metric will become new criteria in Corporate Governance Evaluation System! Therefore, linking ESG metrics to executive compensation has become a key focus of ESG in Taiwanese companies.
Quant Data Science
【Quant】CRR Model
Programming CRR model for calculating options theoretical price. Keyword: CRR model, Options, Call, Put Highlight Preface In our previous article — 【Quant】Black Scholes model and Greeks, we introduce how to program the Black Scholes model. However, Black Scholes has its disadvantages and can not calculate the theoretical price for American options. Therefore, three years after […]
Industry Insights
Where are the Happiest Companies? Exploring the Salary & Violation of Labor Law Among Taiwanese Companies.
Prioritizing employee rights and welfare is essential for creating a thriving workplace!
Quant Research
Comparison of the fund’s similarity
Investments always come with risks, and not all are inevitable. Through risk diversification, the distribution of different asset types could help investors efficiently manage risk and reduce the influence of market volatility on their portfolios. Today’s article will mainly discuss how to use data, comparing the similarity of funds from a scientific point of view.
Industry Insights
What are Carbon Credits and Carbon Trading? Exploring the Paths of Taiwan’s Net Zero in 2050
Can carbon trading in Taiwan simultaneously promote business profitability and foster a sustainable environment?
Quant Data Science
【Quant】Black Scholes model and Greeks
In 1997, Robert Merton and Myron Scholes won the Nobel Prize in Economics for their Black-Scholes options pricing formula, beating out many other contenders. The Black-Scholes model is still a widely-used option pricing model in the financial industry and by investors due to its excellent mathematical properties, simplicity, and ease of use. Today, we will focus on programming this model and Greeks derived from Black Scholes model.