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zombie_alert on NGL Energy Partners LP (NGL)

SIC 4922 — Natural Gas Transmission · CIK 1504461 · 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 NGL

FYFiling dateEvent date1d5d20d60d252d
FY20242025-05-292025-05-29+8.39%+12.73%+34.47%+61.18%
FY20232024-06-062024-06-06-7.13%-15.96%-17.66%-32.43%-31.75%
FY20222023-05-312023-05-31+5.99%+17.98%+21.77%+21.77%+79.18%
FY20202021-06-032021-06-03-19.81%-26.52%-23.00%-50.16%-34.50%
FY20192020-06-012020-06-01+1.92%+21.12%-32.98%-25.65%-53.13%
FY20182019-05-302019-05-30+1.78%+2.13%-0.07%-13.29%-59.95%
FY20172018-05-302018-05-30+0.00%+7.01%+18.69%+23.37%+58.18%
FY20162017-05-262017-05-26-4.59%-2.83%-13.07%-30.75%-14.93%
FY20152016-05-312016-05-31+3.06%+19.57%+30.09%+20.75%-1.39%

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/1504461/financials