← margin_compression_severe (all companies) · ATEC (all signals) · all methodology
margin_compression_severe on Alphatec Holdings, Inc. (ATEC)
SIC 3841 — Surgical & Medical Instruments & Apparatus · CIK 1350653 · default direction: short
Definition
Fires on >500 bps year-over-year decline in operating margin. Captures the 'good business getting worse' pattern.
Every time the signal fired on ATEC
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2021 | 2022-03-02 | 2022-03-02 | -0.44% | -0.70% | +0.88% | -30.81% | +41.02% |
| FY2015 | 2016-04-29 | 2016-04-29 | +4.55% | -4.55% | -13.64% | +68.18% | -21.59% |
| FY2011 | 2012-03-05 | 2012-03-05 | -0.54% | +11.83% | +29.03% | -10.75% | +8.06% |
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 | 2,429 | +2.00% | +36.27% | short | -2.03% | 46 | -0.02 |
| 5d | 2,429 | +3.35% | +38.74% | short | -2.80% | 47 | -0.02 |
| 20d | 2,364 | +6.26% | +38.32% | short | -4.81% | 52 | -0.03 |
| 60d | 2,266 | +78.74% | +40.47% | short | -75.14% | 65 | -0.03 |
| 252d | 2,195 | +41.39% | +39.77% | short | -31.94% | 126 | -0.09 |
Net PnL is direction × stock return − round-trip execution cost (5 bps half-spread + ADV-tiered borrow). See margin_compression_severe methodology for the full audit.