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fcf_turn_positive on Orion Group Holdings Inc (ORN)
SIC 1600 — Heavy Construction Other Than Bldg Const - Contractors · CIK 1402829 · 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 ORN
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2023 | 2024-03-01 | 2024-03-01 | +2.40% | +26.99% | +31.18% | +39.43% | -13.34% |
| FY2020 | 2021-03-02 | 2021-03-02 | +0.73% | +7.14% | +9.34% | +10.26% | -43.59% |
| FY2015 | 2016-03-15 | 2016-03-15 | +2.73% | +20.45% | +23.18% | +16.14% | +88.41% |
| FY2013 | 2014-03-27 | 2014-03-27 | +3.18% | +10.13% | +0.67% | -7.62% | -24.18% |
| FY2011 | 2012-03-06 | 2012-03-06 | -0.14% | +8.37% | +2.51% | -6.83% | +39.33% |
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.