← margin_compression_severe (all companies) · RAIL (all signals) · all methodology
margin_compression_severe on FreightCar America, Inc. (RAIL)
SIC 3743 — Railroad Equipment · CIK 1320854 · 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 RAIL
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2020 | 2021-03-24 | 2021-03-24 | +23.39% | +69.67% | +32.65% | +37.79% | +49.87% |
| FY2019 | 2020-03-04 | 2020-03-04 | +1.22% | -29.27% | -43.29% | -26.83% | +86.59% |
| FY2017 | 2018-03-09 | 2018-03-09 | +0.76% | -1.86% | -7.87% | +18.22% | -52.04% |
| FY2013 | 2014-03-14 | 2014-03-14 | +0.50% | -1.68% | +1.26% | +10.31% | +33.86% |
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.