← beneish_m_score_high (all companies) · EDUC (all signals) · all methodology
beneish_m_score_high on EDUCATIONAL DEVELOPMENT CORP (EDUC)
SIC 5190 — Wholesale-Miscellaneous Nondurable Goods · CIK 31667 · 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 EDUC
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2023 | 2024-05-21 | 2024-05-21 | -8.26% | -11.47% | -11.93% | -2.75% | -38.07% |
| FY2022 | 2023-05-17 | 2023-05-17 | -6.25% | -16.67% | -17.36% | +10.42% | +40.97% |
| FY2021 | 2022-05-05 | 2022-05-05 | +3.30% | -2.27% | -2.47% | -30.93% | -62.06% |
| FY2020 | 2021-05-13 | 2021-05-13 | -2.58% | -3.55% | -13.85% | -32.82% | -68.14% |
| FY2019 | 2019-06-12 | 2019-06-12 | -0.53% | +0.13% | -7.68% | -20.82% | +3.31% |
| FY2017 | 2018-05-29 | 2018-05-29 | +9.07% | -6.64% | -4.36% | +20.69% | -17.97% |
| FY2012 | 2013-05-28 | 2013-05-28 | +0.84% | -1.40% | -10.63% | -11.78% | +15.55% |
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.