← capex_spike (all companies) · TSLA (all signals) · all methodology
capex_spike on Tesla, Inc. (TSLA)
SIC 3711 — Motor Vehicles & Passenger Car Bodies · CIK 1318605 · 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 TSLA
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2020 | 2021-02-08 | 2021-02-08 | -1.62% | -7.78% | -21.99% | -22.29% | +5.09% |
| FY2017 | 2018-02-23 | 2018-02-23 | +1.53% | -4.81% | -14.35% | -19.19% | -15.39% |
| FY2014 | 2015-02-26 | 2015-02-26 | -1.86% | -3.17% | -8.10% | +19.57% | -8.13% |
| FY2011 | 2012-03-28 | 2012-03-28 | -1.37% | -7.53% | -11.52% | -10.73% | +17.15% |
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.