Sales expansion through AI ecosystem

研报英文原文证据摘录

Sales expansion through AI ecosystem

Macquarie Equity Research TDK

Alpha Model Decomposition Key Quant Findings

The quant model currently holds a neutral view on The Macquarie Alpha is decomposed into its sector and

TDK. The strongest style exposure is Price Momentum, market relative factor & styles exposures (a higher/better

indicating this stock has had strong medium to long term percentile is coded in green, whilst lower in red).

returns which often persist into the future. The weakest

style exposure is Valuations, indicating this stock is over- relativePercentileto

priced in the market relative to its peers.

sectors market

Factors / Styles (/1234) (/1676) Core factors in definition

ALPHA 43% 40% Built from the styles below

Macquarie Alpha Model: Key rankings VALUE 28% 7% Book, CF, Yield, Earnings Multiples

The Macquarie Quant’s flagship Alpha model is a dynamic ANALYST 86% 83% Revisions (Earnings, Recommendations)

multi-factor model based on a staple of quant factors such MOMENTUM 99% 100% Price Momentum

as value, momentum, revisions, quality, and risk.

GROWTH 87% 84% EPS, Sales (Forecast, Historic)

Global Market (Country) Sector

Technology PROFITABILITY 71% 60% ROE, Margin, Asset Turnover

Whole Universe Japan Hardware & QUALITY 68% 56% Accruals, Earn Stability, Cash Conversion

Equipment

CAPITAL 19% 16% Investment/Capex, Net share issuance

Macquarie Alpha 10585/17932 1007/1676 700/1234

Model LIQUIDITY 100% 100% Size, Turnover, Analyst Coverage

Fundamental 5541/17932 266/1676 328/1234 LOW RISK 28% 10% Beta, Volatility, Earn.Cert, Leverage (Consensus) *

TECHNICAL 16% 7% MACD, RSI, Bollinger, Williams R, etc

* based on Total Shareholder Return = Consensus Price target / Current Price

Factors driving the Alpha Model vs peers

Current and Historical Alpha Model Rank