← zombie_alert (all companies) · CCO (all signals) · all methodology
zombie_alert on Clear Channel Outdoor Holdings, Inc. (CCO)
SIC 7310 — Services-Advertising · CIK 1334978 · 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 CCO
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2019 | 2020-02-27 | 2020-02-27 | -3.27% | -18.69% | -67.29% | -51.87% | -19.63% |
| FY2018 | 2019-03-05 | 2019-03-05 | -8.23% | +0.73% | +0.00% | -5.30% | -62.52% |
| FY2017 | 2018-05-03 | 2018-05-03 | +0.00% | -2.11% | -9.47% | -9.47% | +4.00% |
| FY2015 | 2016-02-25 | 2016-02-25 | +1.43% | +16.57% | +27.14% | +74.86% | +56.04% |
| FY2014 | 2015-02-19 | 2015-02-19 | -4.05% | -2.57% | -2.37% | +11.65% | -47.48% |
| FY2013 | 2014-02-20 | 2014-02-20 | -1.32% | +1.21% | -4.86% | -18.32% | +5.18% |
| FY2012 | 2013-02-19 | 2013-02-19 | -0.66% | -2.76% | +1.84% | +6.18% | +38.41% |
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.