← beneish_m_score_high (all companies) · TGEN (all signals) · all methodology
beneish_m_score_high on TECOGEN INC. (TGEN)
SIC 3585 — Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip · CIK 1537435 · 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 TGEN
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2021 | 2022-03-10 | 2022-03-10 | +0.00% | +6.21% | +15.17% | -1.38% | -22.07% |
| FY2017 | 2018-03-21 | 2018-03-21 | -0.68% | +0.00% | +4.62% | +26.03% | +35.96% |
| FY2016 | 2017-03-23 | 2017-03-23 | +0.27% | +2.42% | +0.27% | -8.60% | -22.58% |
| FY2015 | 2016-03-30 | 2016-03-30 | -0.51% | -0.51% | -2.29% | +13.49% | -3.82% |
| FY2014 | 2015-03-25 | 2015-03-25 | -0.37% | -2.81% | -5.43% | -23.60% | +9.93% |
| FY2013 | 2014-03-31 | 2014-05-20 | +132.34% | +85.87% | -1.73% | -5.81% | -32.18% |
| FY2012 | 2013-03-27 | 2014-05-20 | +132.34% | +85.87% | -1.73% | -5.81% | -32.18% |
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.