← profit_to_loss (all companies) · BNO (all signals) · all methodology
profit_to_loss on United States Brent Oil Fund, LP (BNO)
SIC 6221 — Commodity Contracts Brokers & Dealers · CIK 1472494 · default direction: short
Definition
Fires when a previously-profitable company swings to net loss in the current fiscal year. Often early warning of structural problems.
Every time the signal fired on BNO
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2025 | 2026-02-27 | 2026-02-27 | +7.27% | +26.26% | +51.39% | — | — |
| FY2023 | 2024-02-29 | 2024-02-29 | +1.88% | +1.31% | +7.33% | +2.96% | -1.35% |
| FY2018 | 2019-03-13 | 2019-03-13 | -0.73% | +0.99% | +6.26% | -3.96% | -44.65% |
| FY2014 | 2015-03-26 | 2015-03-26 | -4.92% | -6.42% | +8.29% | +2.60% | -43.14% |
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 | 3,667 | -0.22% | +42.21% | short | -0.13% | 35 | -0.02 |
| 5d | 3,667 | +0.28% | +43.50% | short | -0.21% | 36 | -0.01 |
| 20d | 3,616 | +0.23% | +44.16% | short | +0.79% | 40 | +0.04 |
| 60d | 3,386 | +4.37% | +49.00% | short | -3.72% | 51 | -0.06 |
| 252d | 3,297 | +20.41% | +51.05% | short | -17.43% | 102 | -0.13 |
Net PnL is direction × stock return − round-trip execution cost (5 bps half-spread + ADV-tiered borrow). See profit_to_loss methodology for the full audit.