← capex_spike (all companies) · BRTX (all signals) · all methodology
capex_spike on BioRestorative Therapies, Inc. (BRTX)
SIC 8090 — Services-Misc Health & Allied Services, NEC · CIK 1505497 · 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 BRTX
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2022 | 2023-03-27 | 2023-03-27 | -1.52% | +5.76% | +17.27% | +68.18% | -57.80% |
| FY2019 | 2021-03-18 | 2021-03-18 | +4.20% | +1.68% | -15.13% | -37.82% | -91.55% |
| FY2018 | 2019-03-29 | 2019-03-29 | +1.27% | +7.49% | -30.38% | -51.90% | -99.97% |
| FY2016 | 2017-03-22 | 2017-03-22 | -3.53% | +0.00% | +3.53% | -18.82% | -22.59% |
| FY2015 | 2016-03-30 | 2016-03-30 | +0.00% | -3.37% | -8.99% | -17.30% | -4.49% |
| FY2013 | 2014-04-11 | 2014-04-11 | -1.11% | -8.68% | -11.00% | -28.31% | -1.11% |
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.