← beneish_m_score_high (all companies) · DLB (all signals) · all methodology
beneish_m_score_high on Dolby Laboratories, Inc. (DLB)
SIC 6794 — Patent Owners & Lessors · CIK 1308547 · 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 DLB
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2018 | 2018-11-15 | 2018-11-15 | +0.56% | -2.15% | -7.53% | -7.85% | +0.04% |
| FY2013 | 2013-11-15 | 2013-11-15 | +0.17% | -0.34% | +4.92% | +16.63% | +21.89% |
| FY2010 | 2010-11-22 | 2010-11-22 | -1.83% | -3.33% | +2.02% | -21.35% | -53.41% |
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.