MioTech Innovation Index
MioTech’s Innovation Index (MioIndex) is constructed using an entirely new artificial intelligence approach. By leveraging MioTech’s NLP algorithm to analyze company info, financial statements and online narratives, our AI brain dynamically identifies companies that are at the forefront of innovation. We then leverage metrics around the innovativeness of these selected companies to conduct an index analysis of the world’s leading stock exchanges.
HONG KONG SHENZHEN SHANGHAI SINGAPORE NASDAQ NYSE JAPAN KOREA LONDON GERMANY
MioIndex started from January 2017 and the base value is 1000. The innovative companies are defined by AMI’s unique AI labels, which includes artificial intelligence, cloud calculation, 3D printing, clean energy, fintech, robotics, etc.
HIGHLIGHTS
Highlights mentioned below were based on results as of July 2018.
Despite recent headwinds, MioIndex-HK were led by Tencent to obtain the second highest net growth of 33%.
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Revenue Success (Subindex Score)
Revenue Success - GrowthR&D InvestmentR&D Investment - Growth
Revenue Success (Subindex Score) Revenue Success - Growth (Subindex Score) R&D Investment (Subindex Score) R&D Investment - Growth (Subindex Score)
HONG KONG SHENZHEN SHANGHAI SINGAPORE NASDAQ NYSE JAPAN KOREA LONDON GERMANY
Subindex scores are based on total quarterly revenue reported by innovative companies.
- Innovative companies in NYSE, Japan & NASDAQ lead peers in generating revenue.
- Japan generates more revenue than those in NASDAQ because of established car manufacturers.
Deep Dive: Innovative companies with high revenue
- NYSE: Walmart, McKesson, UnitedHealth Group
- Japan: Toyota, Honda, Japan Post Holdings
- NASDAQ: Apple, Amazon, Costco
M&A and Private Placement (Subindex Score)
New Issuance of Equity (Subindex Score)
HONG KONG SHENZHEN SHANGHAI SINGAPORE NASDAQ NYSE JAPAN KOREA LONDON GERMANY
Our rules-based methodology involves creating a baseline from the average quarterly performance in 2015 for all exchanges. The score is based on how the exchange performs compared to the baseline.
Highlights
- Innovative companies in NYSE and NASDAQ are leaders in M&A and private placement activity. The value of their deals in 2017 were 2.5x the size of deals performed by their eight peers.
- Innovative companies in East Asia and London exchanges have done sizeable acquisitions given their revenue.
Recent Deals
- Sempra Energy acquires Energy Future Holdings Corp - $18.8B CY18Q1, NYSE
- Discovery Comms acquires Scripps Networks Interactive - $15.4B CY18Q1, NASDAQ
- Softbank acquires stake in Uber - $8B CY18Q1, Japan
Disclaimer: MioTech is not an investment adviser and makes no representation or recommendation regarding investment in any fund or investment vehicle.
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