← zombie_alert (all companies) · SALM (all signals) · all methodology
zombie_alert on SALEM MEDIA GROUP, INC. /DE/ (SALM)
SIC 4832 — Radio Broadcasting Stations · CIK 1050606 · 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 SALM
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2022 | 2023-03-13 | 2023-03-13 | +0.00% | -8.49% | +1.89% | -9.43% | -66.04% |
| FY2020 | 2021-03-04 | 2021-03-04 | +8.87% | +30.24% | +22.98% | -18.95% | +45.97% |
| FY2019 | 2020-03-13 | 2020-03-13 | +2.00% | -10.00% | -3.31% | +13.14% | +218.86% |
| FY2018 | 2019-03-13 | 2019-03-13 | +1.40% | -8.39% | -14.86% | -24.92% | -57.13% |
| FY2017 | 2018-03-16 | 2018-03-16 | -3.80% | -8.86% | -12.66% | +11.39% | -30.22% |
| FY2012 | 2013-03-01 | 2013-03-01 | +3.13% | +3.43% | +19.88% | +15.38% | +35.84% |
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.