← accruals_quality_low (all companies) · LGIH (all signals) · all methodology
accruals_quality_low on LGI Homes, Inc. (LGIH)
SIC 1531 — Operative Builders · CIK 1580670 · 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 LGIH
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2022 | 2023-02-21 | 2023-02-21 | -0.26% | -0.33% | +2.95% | +16.94% | +8.32% |
| FY2021 | 2022-02-15 | 2022-02-15 | -1.20% | -10.54% | -7.19% | -27.02% | -9.75% |
| FY2019 | 2020-02-25 | 2020-02-25 | -2.84% | +5.01% | -38.26% | +0.86% | +45.26% |
| FY2018 | 2019-02-26 | 2019-02-26 | +1.11% | -0.58% | +3.61% | +18.49% | +32.48% |
| FY2017 | 2018-02-27 | 2018-02-27 | -9.89% | -3.39% | +11.77% | -5.53% | -5.89% |
| FY2016 | 2017-03-07 | 2017-03-07 | +0.83% | -4.52% | +3.88% | +1.44% | +89.94% |
| FY2015 | 2016-03-09 | 2016-03-09 | -2.83% | -8.23% | +11.93% | +16.08% | +34.00% |
| FY2014 | 2015-03-13 | 2015-03-13 | +0.69% | +2.06% | +16.31% | +22.41% | +53.46% |
| FY2013 | 2014-03-31 | 2014-03-31 | -3.01% | -2.32% | -16.12% | +8.52% | -3.42% |
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.