← beneish_m_score_high (all companies) · AEHR (all signals) · all methodology
beneish_m_score_high on AEHR TEST SYSTEMS (AEHR)
SIC 3825 — Instruments For Meas & Testing of Electricity & Elec Signals · CIK 1040470 · 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 AEHR
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2022 | 2022-08-26 | 2022-08-26 | -6.97% | -19.67% | -21.87% | +43.62% | +187.13% |
| FY2021 | 2021-08-27 | 2021-08-27 | -8.11% | +11.57% | +100.66% | +139.63% | +107.58% |
| FY2020 | 2020-08-28 | 2020-08-28 | -1.11% | -1.67% | -21.11% | -5.00% | +283.89% |
| FY2019 | 2019-08-28 | 2019-08-28 | +0.00% | +6.06% | +26.52% | +55.30% | +36.36% |
| FY2018 | 2018-08-28 | 2018-08-28 | +2.75% | -3.14% | -5.10% | -22.75% | -48.24% |
| FY2017 | 2017-08-29 | 2017-08-29 | -2.87% | -7.45% | -9.17% | -16.33% | -24.93% |
| FY2014 | 2014-08-28 | 2014-08-28 | +0.00% | +1.97% | -3.15% | -3.94% | -10.63% |
| FY2012 | 2012-08-28 | 2012-08-28 | +0.00% | -5.22% | -2.61% | -31.30% | +35.65% |
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.