← fcf_turn_positive (all sectors) · all signals in Manufacturing (heavy)
fcf_turn_positive in Manufacturing (heavy)
Fires on the fiscal year a company first generates positive operating cash flow after a stretch of negative or zero. Inflection from cash-burning to self-funding.
Calibration in this sector (20d horizon)
| n events | 645 |
|---|---|
| Mean return | -0.42% |
| Median | -0.61% |
| Stdev | 21.86% |
| Hit rate | 45.9% |
| r/σ | -0.02 |
Top 5 sectors for fcf_turn_positive by |r/σ|
| Sector | n | Mean 20d | r/σ |
|---|---|---|---|
| Wholesale + Retail Trade | 217 | +6.03% | +0.12 |
| Services (health + legal + edu) | 82 | +1.63% | +0.08 |
| Transportation, Communications, Utilities | 208 | +18.13% | +0.07 |
| Services (business + personal) | 348 | -1.50% | -0.07 |
| Manufacturing (light) | 400 | +3.43% | +0.06 |
For full multi-horizon and net-of-cost calibration, see the unfiltered fcf_turn_positive methodology page.