Signal backtest

90.1% 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.

4,266
signals scored
85.6%
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% two years after opening, and the median bearish one +0.7%.

4,266 signals opened in the last 24 months · all sizes · 20–30% from what funds paid

Top-10 holder growth: top 10% of sector

Bullish

181 signals

Median return if held

+32.2%
6 months
+35.9%
1 year
–
2 years

Increased positions: 3× sector average

Bullish

450 signals

Median return if held

+9.9%
6 months
+24.4%
1 year
–
2 years

Top-10 holders: 3× sector average

Bullish

340 signals

Median return if held

+15.8%
6 months
+35.3%
1 year
–
2 years

New positions: 3× sector average

Bullish

332 signals

Median return if held

+16.5%
6 months
+28.7%
1 year
–
2 years

Call option value: 3× sector average

Bullish

670 signals

Median return if held

+11.3%
6 months
+28.7%
1 year
–
2 years

Top-performing funds doubled stake

Bullish

284 signals

Median return if held

+1.9%
6 months
+23.9%
1 year
–
2 years

Gross inflow: 3× sector average

Bullish

678 signals

Median return if held

+7.1%
6 months
+20.4%
1 year
–
2 years

New positions: top 10% of sector

Bullish

889 signals

Median return if held

+10.9%
6 months
+20.8%
1 year
–
2 years

Most funds doubling stake vs. market cap peers

Bullish

1,929 signals

Median return if held

+4.8%
6 months
+11.8%
1 year
–
2 years

Net inflow: top 10% of sector

Bullish

1,024 signals

Median return if held

+7%
6 months
+16.1%
1 year
–
2 years

Holding value drop: worst 5%

Bearish

516 signals

Median return if held

-1.2%
6 months
+1.7%
1 year
–
2 years

Holding value drop: worst 10%

Bearish

1,066 signals

Median return if held

-1.7%
6 months
-5.7%
1 year
–
2 years

Net inflow top 10%, few exits

Bullish

111 signals

Median return if held

-10.1%
6 months
+13.5%
1 year
–
2 years

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.