← accruals_quality_low (all sectors) · all signals in Finance, Insurance, Real Estate
accruals_quality_low in Finance, Insurance, Real Estate
Fires when total accruals exceed 10% of total assets while net income is positive. Captures 'earnings of low cash quality' (Sloan accruals).
Calibration in this sector (20d horizon)
| n events | 135 |
|---|---|
| Mean return | -1.58% |
| Median | -0.10% |
| Stdev | 16.47% |
| Hit rate | 48.1% |
| r/σ | -0.10 |
Top 5 sectors for accruals_quality_low by |r/σ|
| Sector | n | Mean 20d | r/σ |
|---|---|---|---|
| Wholesale + Retail Trade | 73 | +17.62% | +0.27 |
| Transportation, Communications, Utilities | 40 | -4.01% | -0.18 |
| Manufacturing (light) | 171 | -2.38% | -0.16 |
| Mining + Construction | 80 | +3.47% | +0.14 |
| Manufacturing (heavy) | 223 | -2.30% | -0.12 |
For full multi-horizon and net-of-cost calibration, see the unfiltered accruals_quality_low methodology page.