What Worked Japan - 14 Oct 2016 - After last week's strong moves, Value and Beta did not do well

What Worked – After the strong positive moves in high Beta and low Value names last week, high Beta names were hurt this week. Value names were also hurt but not as much as high Beta names. High Beta names that did not do well this week were Kobe Steel (5406) down 8%, JFE Holdings (5411) down 7% and Dowa Holdings (5714) down 7%.

Looking at Retail Investors, after an unusual week of underperformance, names with a high percent of Retail Investors bounced back. Names that did well were TADANO (6395) up 12% and Toshiba (6502) up 7%. There was also a slight move into growth and high ROE names. High ROE names that did well were Zenkoku Hosho (7164) up 7%, Lion (4912) up 6% and FAST RETAILING (9983) up 4%. High OP growth names that were also did well were COSMOS Pharma up 6% and M3 Inc (2413) up 4%.

Who Moved – Only 7 names moved on volume this week. On the positive side, TADANO (6395) is up 12%, Japan Petroleum (1662) is up 4% and JGC (1963) is up 1%. On the other side, Kamigumi (9364) is down 5%, Seven & I Holdings (3382) is down 3% and Nippon Yusen Kabushiki Kaisha is down 1%.


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