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dso_drift_severe on TaoWeave, Inc. (TWAV)

SIC 7370 — Services-Computer Programming, Data Processing, Etc. · CIK 746210 · default direction: short

Definition

Fires on Days Sales Outstanding rising >25% YoY while revenue grows <10%. Channel-stuffing / receivables-quality precursor.

Every time the signal fired on TWAV

FYFiling dateEvent date1d5d20d60d252d
FY20232024-03-192024-03-19+14.29%-7.14%-7.14%+21.43%-35.71%
FY20192020-05-152020-05-15-1.96%-0.98%+66.67%+222.55%+220.59%
FY20182019-03-082019-03-08+0.00%+0.00%-6.67%-29.33%+34.00%
FY20122013-04-012013-04-01-7.75%-17.61%-26.76%-37.32%+18.31%

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)

Horizonn eventsGross stock retHit rateTrade dirNet PnLCost (bps)r/σ net
1d2,382+0.25%+44.16%short-0.49%35-0.04
5d2,381-0.30%+44.18%short+0.11%36+0.01
20d2,351+2.47%+43.26%short-2.54%40-0.02
60d2,258+16.34%+45.44%short-11.34%51-0.06
252d2,213+32.55%+49.30%short-24.65%102-0.10

Net PnL is direction × stock return − round-trip execution cost (5 bps half-spread + ADV-tiered borrow). See dso_drift_severe methodology for the full audit.


Data: /api/company/746210/financials