← capex_spike (all sectors) · all signals in Transportation, Communications, Utilities
capex_spike in Transportation, Communications, Utilities
Fires on >50% YoY capex increase. Captures aggressive reinvestment phases — often precedes value destruction in mature industries.
Calibration in this sector (20d horizon)
| n events | 217 |
|---|---|
| Mean return | -2.05% |
| Median | -1.17% |
| Stdev | 18.93% |
| Hit rate | 42.4% |
| r/σ | -0.11 |
Top 5 sectors for capex_spike by |r/σ|
| Sector | n | Mean 20d | r/σ |
|---|---|---|---|
| Services (business + personal) | 256 | -3.83% | -0.23 |
| Services (health + legal + edu) | 94 | -4.20% | -0.19 |
| Finance, Insurance, Real Estate | 183 | -2.77% | -0.16 |
| Manufacturing (heavy) | 612 | -2.47% | -0.11 |
| Transportation, Communications, Utilities | 217 | -2.05% | -0.11 |
For full multi-horizon and net-of-cost calibration, see the unfiltered capex_spike methodology page.