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02 · Capabilities

Equity

Equity work is about definitions before results: the universe, the lags, the rebalance rule, the costs. We build indices, factor models, and structured-product analytics where every one of those choices is declared up front and can be changed by the people who own the strategy.

What you might be trying to decide.

Engagements start from a decision. These are the kinds of questions equity work usually begins with.

  1. 01What does this factor actually return once universe, lag, and cost choices are fixed and published?
  2. 02Can this fund's exposure be replicated with a rules-based index, and at what tracking error?
  3. 03How much passive flow hits these names at the next reconstitution, and when?
  4. 04What is the fair margin in this structured equity product, decomposed by component?

Work we can scope.

Capabilities are areas of work, not off-the-shelf products. Each is scoped to the question, and its status is shown honestly.

No.CapabilityWhat it coversFormStatus
EQ-01Custom indicesCustom, thematic, and factor index construction, including fund replication.researchNeeds Confirmation
EQ-02Index construction and backtesting toolDefine, build, and backtest custom indices with attribution.toolNeeds Confirmation
EQ-03Index rebalancing analyticsReconstitution events and passive flow pressure.researchNeeds Confirmation
EQ-04Leveraged ETF flow modelsDaily rebalancing flows and their impact on underlyings.modelNeeds Confirmation
EQ-05Structured equity productsPricing, margin decomposition, and replication across the full product taxonomy.modelNeeds Confirmation
EQ-06Options microstructureHow flow at one strike propagates across the vol surface and term structure.modelNeeds Confirmation
EQ-07ETF options arbitrageDislocations between ETF option vol and constituent-implied basket vol.researchNeeds Confirmation
EQ-08Momentum researchRegime detection, momentum scoring, and screening.toolNeeds Confirmation
EQ-09Post-earnings patternsStocks with persistent post-earnings drop and recovery behavior.researchNeeds Confirmation
EQ-10IPO analysisIPO returns, pricing dynamics, and post-IPO trading behavior.researchNeeds Confirmation
EQ-11REIT occupancy dataUnit-level occupancy and pricing signals for REIT investors.dataNeeds Confirmation
EQ-12Chart prediction researchGamified chart prediction with a signal research backend.toolNeeds Confirmation
Form: data · model · tool · researchStatus reflects the internal portfolio inventory and is updated as work is confirmed

How we approach it

  • Factor definitions fixed and published before any performance is shown
  • Point-in-time universes with survivorship and look-ahead controls stated
  • Transaction cost and turnover models disclosed with the backtest
  • Replication by constrained optimization with tracking error reported
  • Structured product decomposition into vanilla and exotic components

What an engagement produces

  • Index methodology document with rebalance rules and governance
  • Backtest with attribution and a table of every rebalance
  • Factor definition register
  • Pricing model code with margin decomposition
  • Research note with limitations

Have a equity question?

Bring the decision and whatever evidence you have. We will tell you what kind of engagement fits, and what it would produce.

Discuss a question