What Worked Japan - 30 Jun 2017 - Value and High Beta names dominated this week

What Worked

Value and high Beta named dominated this week. Low PBR names have not done this well since last August. Low PBR names have been stuck in a slump since the middle of April. Low PBR names that did well this week were Kobe Steel up 11% and JFE Holdings up 9%.

High Beta names also did well this week. The last time Beta was this strong was back in December of last year. High Beta name that did well were Hitachi Metals up 10% and TADANO up 9%. On the other side, names up over the last three months were really hurt the most this week. Toshiba is down 11%, Tokyo Electron is down 6% and Sohgo Security Services is down 5%. High ROE names also did not do well this week. Nitori Holdings is down 9% and Temp Holdings is down 7%. There was also a slight selloff in Size this week.

Who Moved

Only 11 names moved on volume this week. On the positive side, Oracle Corp is up 6% and Taiheiyo Cement is up 5%. On the other side, Sumitomo Dainippon Pharma is down 10% and Takashimaya Corp is down 6%.


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