← beneish_m_score_high (all companies) · RAIL (all signals) · all methodology
beneish_m_score_high on FreightCar America, Inc. (RAIL)
SIC 3743 — Railroad Equipment · CIK 1320854 · 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 RAIL
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2024 | 2025-03-12 | 2025-03-12 | +17.50% | +3.05% | -16.37% | +33.71% | +32.91% |
| FY2017 | 2018-03-09 | 2018-03-09 | +0.76% | -1.86% | -7.87% | +18.22% | -52.04% |
| FY2015 | 2016-03-04 | 2016-03-04 | +6.28% | -0.86% | -10.34% | -10.67% | -15.82% |
| FY2014 | 2015-03-13 | 2015-03-13 | +3.58% | -1.05% | -0.36% | -27.45% | -46.94% |
| FY2011 | 2012-03-29 | 2012-03-29 | +2.79% | +2.47% | +1.78% | -1.04% | -2.63% |
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.