← beneish_m_score_high (all companies) · CLAR (all signals) · all methodology
beneish_m_score_high on Clarus Corp (CLAR)
SIC 3949 — Sporting & Athletic Goods, NEC · CIK 913277 · 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 CLAR
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2021 | 2022-03-07 | 2022-03-07 | +3.93% | +13.09% | +13.82% | -1.88% | -51.61% |
| FY2019 | 2020-03-09 | 2020-03-09 | +8.19% | -13.58% | -7.23% | +4.24% | +75.14% |
| FY2017 | 2018-03-12 | 2018-03-12 | +2.17% | -0.72% | -2.90% | +5.80% | +73.71% |
| FY2012 | 2013-03-12 | 2013-03-12 | +0.92% | +0.81% | +6.12% | +2.31% | +39.15% |
| FY2011 | 2012-03-06 | 2012-03-06 | +2.04% | +13.28% | +5.79% | +2.16% | -10.90% |
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.