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dividend_initiation on Academy Sports & Outdoors, Inc. (ASO)
SIC 5940 — Retail-Miscellaneous Shopping Goods Stores · CIK 1817358 · default direction: long
Definition
Fires when a company pays its first dividend ever. Signals management confidence in cash flow durability.
Every time the signal fired on ASO
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2023 | 2024-03-21 | 2024-03-21 | -0.50% | +5.01% | -11.13% | -16.39% | -21.56% |
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 | 428 | -0.21% | +50.47% | long | -0.18% | 24 | -0.05 |
| 5d | 429 | -0.32% | +46.85% | long | -0.45% | 24 | -0.06 |
| 20d | 428 | -0.26% | +52.10% | long | -0.50% | 24 | -0.04 |
| 60d | 408 | +2.32% | +55.39% | long | +2.29% | 24 | +0.10 |
| 252d | 406 | +18.78% | +61.82% | long | +19.04% | 24 | +0.21 |
Net PnL is direction × stock return − round-trip execution cost (5 bps half-spread + ADV-tiered borrow). See dividend_initiation methodology for the full audit.