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zombie_alert on Energy Transfer LP (ET)

SIC 4922 — Natural Gas Transmission · CIK 1276187 · 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 ET

FYFiling dateEvent date1d5d20d60d252d
FY20202021-02-192021-02-19+6.71%+9.14%+14.00%+51.06%+55.88%
FY20172018-02-232018-02-23-2.16%-6.35%-14.73%+4.29%-3.76%
FY20162017-02-242017-02-24+0.48%+2.17%+0.16%-0.52%-7.44%
FY20152016-02-292016-02-29+0.29%+18.00%-2.57%+78.51%+190.48%
FY20132014-02-272014-02-27-0.46%+4.83%+4.45%+18.20%+49.98%
FY20122013-03-012013-03-01+2.85%+7.18%+7.72%+12.24%+73.16%

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)

Horizonn eventsGross stock retHit rateTrade dirNet PnLCost (bps)r/σ net
1d1,085+13881.81%+45.90%long-0.60%28-0.10
5d1,079+13913.06%+46.71%long-0.46%28-0.04
20d1,068-0.28%+46.54%long-0.67%28-0.03
60d991+3.27%+49.65%long+2.98%28+0.07
252d970+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.


Data: /api/company/1276187/financials