Top 10 sector concentration: Consumer Cyclical (2), Basic Materials (2), Industrials (1)

1. Takeda Pharmaceutical Company Limited (4502.T) · Healthcare · univ 0% · sec 8% · -20.1% · conf 87 ↓ earnings yield vs bonds (-0.1034) ↓ downside risk (-0.0295) ↓ 12mo momentum (-0.0162) 2. Aeon Co., Ltd. (8267.T) · Consumer Cyclical · univ 1% · sec 3% · -19.8% · conf 90 ↓ earnings yield vs bonds (-0.0890) ↑ 12mo momentum (+0.0235) ↓ 6mo alpha vs SPY (-0.0204) 3. Fast Retailing Co., Ltd. (9983.T) · Consumer Cyclical · univ 1% · sec 6% · -19.3% · conf 88 ↓ earnings yield vs bonds (-0.0746) ↓ 12mo momentum (-0.0181) ↓ downside risk (-0.0152) 4. Nissan Motor Co., Ltd. (7201.T) · Consumer Cyclical · univ 2% · sec 9% · -17.5% · conf 86 ↓ earnings yield vs bonds (-0.1034) ↓ 6mo alpha vs SPY (-0.0191) ↑ downside risk (+0.0177) 5. Teijin Limited (3401.T) · Industrials · univ 2% · sec 2% · -15.2% · conf 91 ↓ earnings yield vs bonds (-0.1034) ↓ downside risk (-0.0276) ↑ 6mo alpha vs SPY (+0.0095) 6. Nippon Steel Corporation (5401.T) · Basic Materials · univ 3% ·

1. Takeda Pharmaceutical Company Limited (4502.T) · Healthcare · univ 0% · sec 8% · -20.1% · conf 87 ↓ earnings yield vs bonds (-0.1034) ↓ downside risk (-0.0295) ↓ 12mo momentum (-0.0162)