← zombie_alert (all companies) · BHC (all signals) · all methodology
zombie_alert on Bausch Health Companies Inc. (BHC)
SIC 2834 — Pharmaceutical Preparations · CIK 885590 · default direction: long
Definition
Fires on companies with persistent negative free cash flow but still operating — 'walking dead' candidates. Useful as oversold-bounce flag.
Every time the signal fired on BHC
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2025 | 2026-02-19 | 2026-02-19 | +3.37% | +1.85% | -15.18% | — | — |
| FY2024 | 2025-02-20 | 2025-02-20 | +1.81% | +6.55% | -0.70% | -34.96% | -16.71% |
| FY2023 | 2024-02-22 | 2024-02-22 | -1.29% | +0.97% | +2.15% | -27.20% | -18.92% |
| FY2022 | 2023-02-23 | 2023-02-23 | -2.84% | -6.09% | -26.09% | -15.74% | -8.73% |
| FY2021 | 2022-02-23 | 2022-02-23 | +1.09% | +5.50% | +3.01% | -55.70% | -58.23% |
| FY2020 | 2021-02-24 | 2021-02-24 | +0.74% | +4.86% | -1.10% | +1.61% | -26.22% |
| FY2019 | 2020-02-19 | 2020-02-19 | -0.19% | -7.63% | -50.94% | -39.72% | +19.35% |
| FY2018 | 2019-02-20 | 2019-02-20 | -2.25% | -0.08% | +5.49% | +4.95% | +9.81% |
| FY2017 | 2018-02-28 | 2018-02-28 | -6.89% | -6.59% | -5.61% | +35.57% | +47.83% |
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 | 1,085 | +13881.81% | +45.90% | long | -0.60% | 28 | -0.10 |
| 5d | 1,079 | +13913.06% | +46.71% | long | -0.46% | 28 | -0.04 |
| 20d | 1,068 | -0.28% | +46.54% | long | -0.67% | 28 | -0.03 |
| 60d | 991 | +3.27% | +49.65% | long | +2.98% | 28 | +0.07 |
| 252d | 970 | +17.15% | +53.51% | long | +17.86% | 28 | +0.22 |
Net PnL is direction × stock return − round-trip execution cost (5 bps half-spread + ADV-tiered borrow). See zombie_alert methodology for the full audit.