← beneish_m_score_high (all companies) · AAPL (all signals) · all methodology
beneish_m_score_high on Apple Inc. (AAPL)
SIC 3571 — Electronic Computers · CIK 320193 · default direction: short
Definition
Beneish 5-factor M-Score above the manipulator threshold (-1.78). Composite of DSO, gross margin, asset quality, sales growth, depreciation.
Every time the signal fired on AAPL
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2021 | 2021-10-29 | 2021-10-29 | -0.56% | +1.14% | +7.13% | +6.76% | +2.94% |
| FY2012 | 2012-10-31 | 2012-10-31 | +0.20% | -5.84% | -0.55% | -22.67% | -10.11% |
| FY2010 | 2010-10-27 | 2010-10-27 | -0.84% | +1.61% | +2.26% | +9.62% | +30.14% |
| FY2009 | 2010-01-25 | 2010-01-25 | +1.41% | -4.11% | -2.96% | +27.65% | +66.17% |
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 | 2,937 | +0.04% | +45.86% | short | -0.28% | 32 | -0.04 |
| 5d | 2,937 | +0.10% | +45.83% | short | +0.06% | 33 | +0.01 |
| 20d | 2,915 | +2.64% | +44.43% | short | -2.76% | 37 | -0.02 |
| 60d | 2,798 | +11.23% | +46.71% | short | -11.63% | 47 | -0.03 |
| 252d | 2,745 | +47.23% | +50.93% | short | -48.06% | 96 | -0.04 |
Net PnL is direction × stock return − round-trip execution cost (5 bps half-spread + ADV-tiered borrow). See beneish_m_score_high methodology for the full audit.