← beneish_m_score_high (all companies) · XWIN (all signals) · all methodology
beneish_m_score_high on XMax Inc. (XWIN)
SIC 2510 — Household Furniture · CIK 1473334 · 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 XWIN
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2018 | 2019-04-01 | 2019-04-01 | +6.74% | +12.36% | -14.61% | -13.48% | -75.28% |
| FY2015 | 2016-03-28 | 2016-03-28 | +3.57% | +5.36% | -2.68% | -64.29% | +50.89% |
| FY2014 | 2015-03-26 | 2015-03-26 | -6.08% | -2.28% | +8.37% | -15.97% | -57.41% |
| FY2013 | 2014-03-31 | 2014-03-31 | -2.26% | -5.03% | -48.62% | -46.73% | -68.59% |
| FY2012 | 2013-04-01 | 2013-04-01 | -9.52% | -7.30% | +22.22% | +31.11% | +152.70% |
| FY2011 | 2012-03-30 | 2012-03-30 | +25.00% | +21.88% | +25.00% | +45.00% | +74.37% |
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.