← accruals_quality_low (all companies) · AMRC (all signals) · all methodology
accruals_quality_low on Ameresco, Inc. (AMRC)
SIC 1700 — Construction - Special Trade Contractors · CIK 1488139 · default direction: short
Definition
Fires when total accruals exceed 10% of total assets while net income is positive. Captures 'earnings of low cash quality' (Sloan accruals).
Every time the signal fired on AMRC
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2022 | 2023-02-28 | 2023-02-28 | +6.23% | +4.00% | +3.44% | +0.89% | -52.31% |
| FY2021 | 2022-03-01 | 2022-03-01 | +0.86% | +19.43% | +29.86% | -15.21% | -31.12% |
| FY2019 | 2020-03-04 | 2020-03-04 | -2.72% | -19.69% | -31.13% | -7.34% | +107.90% |
| FY2017 | 2018-03-07 | 2018-03-07 | +1.01% | +15.58% | +30.15% | +20.60% | +63.12% |
| FY2013 | 2014-03-17 | 2014-03-17 | +0.53% | +4.81% | -6.42% | -4.81% | -5.88% |
| FY2011 | 2012-03-15 | 2012-03-15 | +0.28% | -3.22% | -10.44% | -22.49% | -50.11% |
Forward returns are stock returns from event date (next trading day after filing). Sign is raw stock direction; the trade direction is in the calibration table below.
Universe-wide calibration (this signal across all companies)
| Horizon | n events | Gross stock ret | Hit rate | Trade dir | Net PnL | Cost (bps) | r/σ net |
|---|---|---|---|---|---|---|---|
| 1d | 858 | -0.20% | +45.45% | short | -0.29% | 33 | -0.04 |
| 5d | 857 | +1.15% | +46.67% | short | -0.47% | 34 | -0.04 |
| 20d | 848 | +0.26% | +46.93% | short | +0.13% | 38 | +0.01 |
| 60d | 798 | +9.36% | +45.49% | short | -9.54% | 49 | -0.05 |
| 252d | 774 | +22.52% | +48.71% | short | -22.54% | 99 | -0.11 |
Net PnL is direction × stock return − round-trip execution cost (5 bps half-spread + ADV-tiered borrow). See accruals_quality_low methodology for the full audit.