← beneish_m_score_high (all companies) · LIQT (all signals) · all methodology
beneish_m_score_high on LIQTECH INTERNATIONAL INC (LIQT)
SIC 3590 — Misc Industrial & Commercial Machinery & Equipment · CIK 1307579 · 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 LIQT
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2024 | 2025-03-28 | 2025-03-28 | -6.88% | -2.50% | -6.88% | -5.63% | +19.37% |
| FY2022 | 2023-03-22 | 2023-03-22 | +2.13% | +0.00% | -12.77% | -1.06% | -16.76% |
| FY2019 | 2020-03-30 | 2020-03-30 | +7.25% | +4.25% | +7.00% | +35.25% | +98.75% |
| FY2017 | 2018-03-23 | 2018-03-23 | +15.56% | +8.89% | -11.11% | +55.56% | +386.67% |
| FY2015 | 2016-03-23 | 2016-03-23 | +5.56% | +0.00% | +18.06% | -1.39% | -36.11% |
| FY2014 | 2015-03-25 | 2015-03-25 | -9.21% | -2.63% | +18.42% | +15.79% | +0.00% |
| FY2013 | 2014-03-27 | 2014-03-27 | -1.56% | -5.21% | +4.17% | +13.02% | -54.69% |
| FY2011 | 2012-03-29 | 2012-03-29 | -0.88% | -6.14% | -15.50% | -26.61% | -18.13% |
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.