← beneish_m_score_high (all companies) · FSLR (all signals) · all methodology
beneish_m_score_high on FIRST SOLAR, INC. (FSLR)
SIC 3674 — Semiconductors & Related Devices · CIK 1274494 · 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 FSLR
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2024 | 2025-02-25 | 2025-02-25 | +6.36% | -11.01% | -10.85% | +10.79% | +35.70% |
| FY2023 | 2024-02-27 | 2024-02-27 | +2.94% | +9.70% | +5.63% | +73.63% | -6.08% |
| FY2022 | 2023-02-28 | 2023-02-28 | +15.69% | +26.69% | +24.16% | +17.39% | -9.02% |
| FY2021 | 2022-03-01 | 2022-03-01 | -8.08% | +5.16% | +11.86% | -12.67% | +162.13% |
| FY2019 | 2020-02-21 | 2020-02-21 | +1.23% | -9.53% | -33.41% | -16.25% | +71.20% |
| FY2015 | 2016-02-24 | 2016-02-24 | +4.03% | -0.45% | -1.76% | -32.20% | -46.45% |
| FY2012 | 2013-02-27 | 2013-02-27 | -4.44% | -4.22% | +1.44% | +90.75% | +111.50% |
| FY2009 | 2010-02-22 | 2010-02-22 | -6.46% | -6.61% | -3.30% | -2.68% | +48.75% |
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.