← capex_spike (all companies) · BNBX (all signals) · all methodology
capex_spike on BNB PLUS CORP. (BNBX)
SIC 8734 — Services-Testing Laboratories · CIK 744452 · default direction: short
Definition
Fires on >50% YoY capex increase. Captures aggressive reinvestment phases — often precedes value destruction in mature industries.
Every time the signal fired on BNBX
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2024 | 2024-12-17 | 2024-12-17 | +0.00% | -21.74% | -17.39% | -84.87% | -98.54% |
| FY2020 | 2020-12-17 | 2020-12-17 | -17.31% | -13.14% | +79.49% | +37.66% | -19.39% |
| FY2018 | 2018-12-18 | 2018-12-18 | -12.50% | -55.00% | -43.75% | -17.50% | -87.88% |
| FY2016 | 2016-12-06 | 2016-12-06 | -8.89% | -4.44% | -15.56% | -11.11% | +5.78% |
| FY2013 | 2014-05-01 | 2014-05-01 | +9.09% | +27.27% | +9.09% | +0.00% | -61.67% |
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 | 2,295 | +0.01% | +43.27% | short | -0.06% | 32 | -0.01 |
| 5d | 2,292 | -0.85% | +41.88% | short | +0.74% | 33 | +0.06 |
| 20d | 2,258 | -1.91% | +41.67% | short | +2.05% | 36 | +0.10 |
| 60d | 2,127 | +0.65% | +44.01% | short | -0.78% | 47 | -0.02 |
| 252d | 2,092 | +14.03% | +44.93% | short | -14.91% | 97 | -0.09 |
Net PnL is direction × stock return − round-trip execution cost (5 bps half-spread + ADV-tiered borrow). See capex_spike methodology for the full audit.