The scan is one macro short: earnings yield vs bonds is dragging all 10 names. Consumer Cyclical names keep showing up, with Healthcare and Industrials leaking too. Book -25.3% to -16.5%, median conf

Fast Retailing Co., Ltd. ($9983.T) is the cleanest short: Consumer Cyclical, -25.3%, conf 86, bottom of universe and 3% in sector. Extra drag: downside risk and 12mo momentum both negative. Takeda Pharmaceutical Company Limited ($4502.T) is right behind: Healthcare, -23.0%, conf 83, downside risk and 12mo momentum are the extra drags. Aeon Co., Ltd. ($8267.T) is the odd one: Consumer Cyclical, -20.7%, conf 84, 12mo momentum is actually positive but 6mo momentum is bleeding. Sompo Holdings, Inc. ($8630.T) is a Financial Services short: -20.4%, conf 85, downside risk and 60d volatility are the extra drags. Nippon Steel Corporation ($5401.T) is Basic Materials, -19.7%, conf 85, positive 12mo momentum but downside risk keeps it pinned. HOYA Corporation ($7741.T) is lower conviction: Healthcare, -19.6%, conf 78, illiquidity and 12mo momentum both dragging. Teijin Limited ($3401.T) is Industrials, -18.3%, conf 86, but the signal is split: illiquidity pushes up, downside risk pushes down. Nis

Fast Retailing Co., Ltd. ($9983.T) is the cleanest short: Consumer Cyclical, -25.3%, conf 86, bottom of universe and 3% in sector. Extra drag: downside risk and 12mo momentum both negative. Takeda Pha