Joshua T. Davis

SCM

DIRECTOR · STELLUS CAPITAL INVESTMENT CORP · CIK 0001561484

FILING MIX · LIFETIME100%/0%

BUYS

SELLS

TOTAL VALUE

$438.0K

COMPANIES

ACTIVE SINCE

Mar 2020

HOLDINGS NOW

321,584

AVG SELL PX

—

Trades · vs SPY

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Performance · forward returns vs SPY

6 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Joshua T. Davis, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	6	+66.67%	+25.78%	+1.63%	+24.15%	+35.66%	—
14d	6	+50.00%	+5.64%	+4.52%	+1.12%	+4.40%	—
30d	6	+100.00%	+41.34%	+17.97%	+23.37%	+27.70%	—
60d	6	+50.00%	+13.50%	+21.38%	-7.89%	-4.69%	—
90d	6	+100.00%	+36.98%	+29.13%	+7.84%	+12.07%	—
180d	6	+100.00%	+53.15%	+41.06%	+12.09%	+15.30%	—
1y	6	+100.00%	+122.47%	+65.38%	+57.09%	+64.34%	—
2y	6	+100.00%	+181.16%	+89.07%	+92.09%	+100.79%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

SCM · 321,584.126 shares · as of Mar 19, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 6 buys / 0 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
SCM STELLUS CAPITAL INVESTMENT CORP	PURCHASE	3,081	$4.18	$12.9K	321,584.126	Mar 19, 2020	Mar 20, 2020 ↗
SCM STELLUS CAPITAL INVESTMENT CORP	PURCHASE	16,833	$5.43	$91.4K	305,931.126	Mar 18, 2020	Mar 20, 2020 ↗
SCM STELLUS CAPITAL INVESTMENT CORP	PURCHASE	8,276	$5.38	$44.5K	314,207.126	Mar 18, 2020	Mar 20, 2020 ↗
SCM STELLUS CAPITAL INVESTMENT CORP	PURCHASE	4,296	$5.14	$22.1K	318,503.126	Mar 18, 2020	Mar 20, 2020 ↗
SCM STELLUS CAPITAL INVESTMENT CORP	PURCHASE	20,787	$7.50	$155.8K	289,098.126	Mar 17, 2020	Mar 18, 2020 ↗
SCM STELLUS CAPITAL INVESTMENT CORP	PURCHASE	13,958	$7.97	$111.2K	268,311.126	Mar 16, 2020	Mar 18, 2020 ↗

Other insiders · SCM

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About this filer

CIK 0001561484

ROLE

Director

PRIMARY

SCM

COMPANIES

ACTIVE SINCE

Mar 2020

MARKETPEEL · /INSIDER/0001561484DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Joshua T. Davis

The morning brief, before the bell.