← beneish_m_score_high (all companies) · MSTR (all signals) · all methodology
beneish_m_score_high on Strategy Inc (MSTR)
SIC 6199 — Finance Services · CIK 1050446 · 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 MSTR
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2023 | 2024-02-15 | 2024-02-15 | -2.57% | -4.26% | +148.24% | +73.53% | +343.83% |
| FY2020 | 2021-02-12 | 2021-02-12 | -7.67% | -15.31% | -25.65% | -44.22% | -60.26% |
| FY2019 | 2020-02-14 | 2020-02-14 | -0.58% | -1.99% | -28.34% | -19.30% | +541.63% |
| FY2017 | 2018-02-07 | 2018-02-07 | -1.49% | +1.73% | +0.52% | -2.49% | -2.05% |
| FY2013 | 2014-02-12 | 2014-02-12 | +5.88% | +7.01% | +1.25% | -1.29% | +45.31% |
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.