Signal backtest

90% of signals have moved 5% in their direction

Every signal is scored against what followed: whether the price moved 5%, 10%, 15% or 20% in the signal’s direction within two years of opening, how long that took, and the return if simply held.

10
signals scored
90%
reached +5%
13
signal patterns

What the data shows

01

Company size

81% of mega-cap signals reached +20%, against 70% overall. Only 5% of signals are mega caps.

02

Distance below what funds paid

Bullish signals that opened 35–50% below what funds paid reached +20% 78% of the time, against 67% for those 5–15% below.

03

Reaching a level vs. holding on

90% of signals reached +5% at some point, but the median bullish signal was +9.1% two years after opening, and the median bearish one +0.8%.

10 signals opened in the last 3 months · Mega Cap · 20–30% from what funds paid

Threshold met Not met, but profitable Open Loss

Holding value drop: worst 10%

Bearish

1 signal

100%
5%
4d median
100%
10%
19d median
100%
15%
26d median
100%
20%
27d median

Net inflow top 10%, few exits

Bullish

1 signal

100%
5%
7d median
100%
10%
14d median
100%
15%
28d median
100%
20%
46d median

Net inflow: top 10% of sector

Bullish

8 signals

100%
5%
10d median
88%
10%
17d median
75%
15%
31d median
38%
20%
37d median

Top-10 holders: 3× sector average

Bullish

4 signals

100%
5%
10d median
100%
10%
20d median
100%
15%
31d median
50%
20%
42d median

Gross inflow: 3× sector average

Bullish

9 signals

89%
5%
10d median
78%
10%
17d median
67%
15%
31d median
33%
20%
37d median

New positions: top 10% of sector

Bullish

9 signals

89%
5%
10d median
78%
10%
17d median
67%
15%
31d median
33%
20%
37d median

Call option value: 3× sector average

Bullish

8 signals

88%
5%
9d median
75%
10%
17d median
63%
15%
28d median
38%
20%
37d median

Increased positions: 3× sector average

Bullish

8 signals

88%
5%
10d median
75%
10%
19d median
63%
15%
33d median
25%
20%
26d median

Top-performing funds doubled stake

Bullish

6 signals

83%
5%
12d median
83%
10%
20d median
83%
15%
33d median
33%
20%
26d median

New positions: 3× sector average

Bullish

3 signals

67%
5%
10d median
67%
10%
19d median
67%
15%
31d median
33%
20%
46d median

Most funds doubling stake vs. market cap peers

Bullish

2 signals

50%
5%
12d median
50%
10%
24d median
50%
15%
33d median
0%
20%
–

That’s the record behind every signal.

See the latest signals

A threshold counts as met when the price moved that far in the signal’s direction within two years of opening. Signals opened less than two years ago that haven’t met a threshold yet are open. Profitable or loss is the return two years after opening, for signals that didn’t meet a threshold. Returns if held use each signal’s opening price. Past results do not guarantee future returns.