← fcf_turn_positive (all companies) · GVA (all signals) · all methodology
fcf_turn_positive on GRANITE CONSTRUCTION INC (GVA)
SIC 1600 — Heavy Construction Other Than Bldg Const - Contractors · CIK 861459 · default direction: long
Definition
Fires on the fiscal year a company first generates positive operating cash flow after a stretch of negative or zero. Inflection from cash-burning to self-funding.
Every time the signal fired on GVA
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2023 | 2024-02-23 | 2024-02-23 | -0.99% | +5.15% | +11.15% | +26.18% | +67.22% |
| FY2019 | 2021-02-22 | 2021-02-22 | -0.50% | +6.40% | +9.45% | +15.54% | +5.33% |
| FY2017 | 2018-02-16 | 2018-02-16 | -0.60% | +0.73% | -2.37% | -3.66% | -18.88% |
| FY2015 | 2016-02-25 | 2016-02-25 | +3.56% | +12.83% | +18.17% | +5.02% | +38.51% |
| FY2011 | 2012-02-23 | 2012-02-23 | +3.25% | -1.88% | -3.25% | -22.87% | +21.13% |
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 | 2,430 | +0.08% | +47.28% | long | -0.29% | 33 | -0.04 |
| 5d | 2,430 | +2.37% | +47.20% | long | +1.72% | 33 | +0.02 |
| 20d | 2,411 | +2.47% | +46.95% | long | +1.81% | 32 | +0.02 |
| 60d | 2,273 | +4.84% | +48.26% | long | +4.48% | 33 | +0.06 |
| 252d | 2,226 | +19.57% | +53.05% | long | +19.70% | 33 | +0.16 |
Net PnL is direction × stock return − round-trip execution cost (5 bps half-spread + ADV-tiered borrow). See fcf_turn_positive methodology for the full audit.