← accruals_quality_low (all companies) · GRBK (all signals) · all methodology
accruals_quality_low on Green Brick Partners, Inc. (GRBK)
SIC 1531 — Operative Builders · CIK 1373670 · 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 GRBK
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2024 | 2025-02-26 | 2025-02-26 | +5.81% | +4.62% | +2.92% | +1.92% | +27.35% |
| FY2022 | 2023-02-27 | 2023-02-27 | +2.03% | +5.79% | +12.03% | +59.84% | +86.63% |
| FY2021 | 2022-03-01 | 2022-03-01 | +2.71% | -6.66% | -9.75% | -0.77% | +38.14% |
| FY2018 | 2019-03-08 | 2019-03-08 | +3.37% | -0.79% | +6.74% | +3.48% | +8.88% |
| FY2015 | 2016-03-30 | 2016-03-30 | -1.04% | -3.65% | -3.52% | -2.87% | +31.03% |
| FY2014 | 2015-03-31 | 2015-03-31 | +1.21% | +1.45% | +1.45% | +24.03% | -8.33% |
| FY2013 | 2014-03-26 | 2014-03-26 | -2.95% | +106.89% | +188.20% | +136.07% | +297.82% |
| FY2012 | 2013-04-01 | 2013-04-01 | -2.14% | -11.65% | -15.92% | -38.45% | +41.75% |
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.