← beneish_m_score_high (all companies) · PACB (all signals) · all methodology
beneish_m_score_high on PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB)
SIC 3826 — Laboratory Analytical Instruments · CIK 1299130 · 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 PACB
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2023 | 2024-02-28 | 2024-02-28 | -0.72% | -24.96% | -33.21% | -65.17% | -76.30% |
| FY2021 | 2022-02-28 | 2022-02-28 | +2.01% | -12.50% | -19.97% | -54.78% | -26.43% |
| FY2019 | 2020-02-28 | 2020-02-28 | +1.18% | +16.18% | -3.53% | +6.18% | +935.88% |
| FY2016 | 2017-03-06 | 2017-03-06 | -3.78% | -6.77% | +2.99% | -34.26% | -51.59% |
| FY2015 | 2016-03-11 | 2016-03-11 | +4.09% | +6.64% | +13.54% | +17.50% | -40.23% |
| FY2012 | 2013-03-15 | 2013-03-15 | -2.64% | +4.41% | -7.05% | +20.26% | +170.48% |
| FY2011 | 2012-03-01 | 2012-03-01 | -9.23% | -7.73% | -15.46% | -35.16% | -44.39% |
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.