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.

183
signals scored
29%
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%.

183 signals opened in the last month · all sizes · 20–30% from what funds paid

Threshold met Not met, but profitable Open Loss

Increased positions: 3× sector average

Bullish

11 signals

55%
5%
14d median
9%
10%
21d median
0%
15%
–
0%
20%
–

Call option value: 3× sector average

Bullish

28 signals

43%
5%
13d median
7%
10%
14d median
4%
15%
19d median
0%
20%
–

Gross inflow: 3× sector average

Bullish

22 signals

36%
5%
13d median
14%
10%
18d median
9%
15%
20d median
0%
20%
–

Top-performing funds doubled stake

Bullish

14 signals

36%
5%
3d median
14%
10%
12d median
14%
15%
15d median
7%
20%
13d median

Most funds doubling stake vs. market cap peers

Bullish

105 signals

33%
5%
7d median
15%
10%
14d median
8%
15%
17d median
5%
20%
18d median

New positions: top 10% of sector

Bullish

34 signals

32%
5%
10d median
9%
10%
11d median
6%
15%
16d median
3%
20%
18d median

Net inflow: top 10% of sector

Bullish

46 signals

30%
5%
6d median
9%
10%
10d median
4%
15%
15d median
2%
20%
18d median

Top-10 holders: 3× sector average

Bullish

10 signals

30%
5%
12d median
0%
10%
–
0%
15%
–
0%
20%
–

Top-10 holder growth: top 10% of sector

Bullish

7 signals

14%
5%
19d median
0%
10%
–
0%
15%
–
0%
20%
–

Holding value drop: worst 10%

Bearish

17 signals

12%
5%
2d median
0%
10%
–
0%
15%
–
0%
20%
–

Holding value drop: worst 5%

Bearish

12 signals

8%
5%
1d median
0%
10%
–
0%
15%
–
0%
20%
–

Net inflow top 10%, few exits

Bullish

10 signals

0%
5%
–
0%
10%
–
0%
15%
–
0%
20%
–

New positions: 3× sector average

Bullish

8 signals

0%
5%
–
0%
10%
–
0%
15%
–
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.