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fcf_turn_positive on Helmerich & Payne, Inc. (HP)
SIC 1381 — Drilling Oil & Gas Wells · CIK 46765 · 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 HP
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2023 | 2023-11-08 | 2023-11-08 | -2.26% | +2.34% | -5.29% | +2.40% | -0.64% |
| FY2018 | 2018-11-16 | 2018-11-16 | +2.83% | -3.72% | -13.01% | -7.14% | -34.92% |
| FY2013 | 2013-11-27 | 2013-11-27 | -0.45% | +3.72% | +8.55% | +25.35% | -7.55% |
| FY2009 | 2009-11-25 | 2009-11-25 | -3.27% | -6.10% | +7.96% | +5.33% | +16.45% |
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.