The Japan Analytics Heatmaps Module covers all listed companies. We make no distinction based on market capitalization or exchange or section of listing, even companies on the thinly-traded Tokyo PRO market are included.
Companies have been grouped into 30 Sectors and 328 Peer Groups based on their most recently disclosed Segment Data. The Heatmaps module provides changes in market capitalization for six periods ranging from the previous trading day to one year at three levels: Sector, Peer Group and Stock. Stocks are nested into Peer Groups which are nested into Sectors. If the Peer Group membership is known, every stock in the market can be reached in just two taps. Otherwise, companies can be located within the module by using the search function. Note that loading a company into the Heatmaps module does not also load into Company Analytics, to do so select the company and then 'LOAD INTO ANALYTICS'.
Japan Analytics' Sectors follow the local market convention in terms of order and classification but have been expanded and updated. A Multi-Industry sector has been added for companies that are engaged in businesses in more than one sector. Peer Group membership is based on the disclosed business segment data for both Revenue and Operating Income with the latter having more weight, but may also be based on affiliation with a particular business group e.g Toyota group auto parts companies.
Both Sectors and Peer Groups appear initially sorted by Sector or Peer Group code and the Stock Heatmaps are presented initially in ascending code number order. All Heatmaps can be subsequently sorted by Code, Name, Market Cap, Last Close or No. as well as by any % Change period and by Volume Score.
Changes are highlighted by gradient scales for positive changes (red) and negative changes (green) above and below certain thresholds which vary by period to reflect the different time scales. The color conventions for upward and downward moves in prices differ between Japan (and China) and other markets where green means up and red means down. Red is a lucky color in Japan and it is also the more appropriate color for 'hot' stocks in a 'Heatmap'.
Stock percentage changes are changes in market capitalization and Sector and Peer Group percentage changes are changes in aggregate market capitalization and are therefore impacted by changes in shares capital and by listings and delistings.
The Volume Score is a measure of the deviation of the previous day’s volume in a stock as a percentage of its shares outstanding from the mean absolute deviation of this relationship over the last year. Amounts over 6.0 (3.0 for larger caps) are considered excessive.