← accruals_quality_low (all companies) · NFLX (all signals) · all methodology
accruals_quality_low on NETFLIX INC (NFLX)
SIC 7841 — Services-Video Tape Rental · CIK 1065280 · 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 NFLX
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2021 | 2022-01-27 | 2022-01-27 | -0.61% | +4.89% | +1.06% | -45.72% | -8.69% |
| FY2019 | 2020-01-29 | 2020-01-29 | +1.33% | +7.73% | +8.32% | +23.85% | +56.95% |
| FY2018 | 2019-01-29 | 2019-01-29 | +3.58% | +8.18% | +10.33% | +11.99% | +4.34% |
| FY2017 | 2018-02-05 | 2018-02-05 | +4.51% | +1.45% | +27.91% | +23.24% | +38.52% |
| FY2016 | 2017-01-27 | 2017-01-27 | -0.86% | -1.54% | +0.67% | +6.82% | +99.78% |
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.