Table of Contents
TCRI Watchdog (WD) is a structured event-intensity dataset covering all publicly listed and OTC companies in Taiwan. Built on TEJ’s long-standing credit research framework, TCRI WD transforms corporate disclosures, regulatory announcements, and major media coverage into standardized event scores ranging from –3 to +3.
By converting qualitative information into measurable signals, TCRI WD enables systematic analysis of how information shocks affect credit risk, market volatility, and stock returns.
Beyond risk monitoring, TCRI WD also supports alpha research by enabling investors to test whether specific event types, intensity levels, or classifications exhibit persistent cross-sectional or time-series return effects.
TEJ credit analysts review and classify material corporate events on a daily basis, ensuring that each event is filtered, contextualized, and scored according to its impact on corporate risk conditions.
Key features include:
The standardized scoring framework allows events to be directly integrated into backtesting models, factor construction, and event-driven strategies.
TCRI WD is designed not only for credit surveillance but also for quantitative investment research.
With structured event scores and categorized risk drivers (Accounting & Financials, Industry Outlook, Management, Market Trading, Crisis Events), researchers can:
By bridging qualitative disclosures and quantitative modeling, TCRI WD provides a research-ready dataset for identifying information-driven alpha opportunities in Taiwan’s market.
All listed and OTC companies in Taiwan.
Events are derived from:
These sources are systematically screened and structured to ensure consistency and research usability.
Daily updates.
Each event is assigned a standardized intensity score ranging from –3 to +3, reflecting its impact on corporate credit risk and market perception.
The standardized scoring enables:
By converting qualitative disclosures and media narratives into measurable scores, WD bridges news flow and quantitative modeling.
Discover how TCRI Watchdog can be incorporated into your research workflow and systematic investment models. Explore the dataset structure, scoring methodology, and integration approach to evaluate its potential within your strategy framework.
