← beneish_m_score_high (all companies) · NWPX (all signals) · all methodology
beneish_m_score_high on NWPX Infrastructure, Inc. (NWPX)
SIC 3317 — Steel Pipe & Tubes · CIK 1001385 · 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 NWPX
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2021 | 2022-03-16 | 2022-03-16 | -3.92% | -8.89% | -10.89% | +18.38% | +10.15% |
| FY2020 | 2021-03-04 | 2021-03-04 | +3.41% | +3.65% | +1.72% | -4.41% | -11.14% |
| FY2018 | 2019-03-15 | 2019-03-15 | +0.49% | -3.84% | +4.97% | -1.25% | -21.84% |
| FY2016 | 2017-03-09 | 2017-03-09 | -3.93% | -7.86% | -19.26% | -14.70% | +18.06% |
| FY2015 | 2016-03-04 | 2016-03-04 | +4.52% | -4.30% | -5.73% | +2.42% | +85.90% |
| FY2013 | 2014-03-17 | 2014-03-17 | +0.20% | -1.69% | -2.94% | +7.00% | -35.07% |
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.