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.

2,439
signals scored
92.7%
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%.

2,439 signals opened since 2013 · Large Cap · 35–50% from what funds paid

Threshold met Not met, but profitable Open Loss

Most funds doubling stake vs. market cap peers

Bullish

804 signals

95%
5%
7d median
92%
10%
15d median
88%
15%
27d median
85%
20%
43d median

Increased positions: 3× sector average

Bullish

336 signals

93%
5%
7d median
88%
10%
16d median
85%
15%
29d median
80%
20%
47d median

Top-performing funds doubled stake

Bullish

143 signals

93%
5%
6d median
90%
10%
15d median
84%
15%
26d median
80%
20%
46d median

New positions: top 10% of sector

Bullish

877 signals

93%
5%
6d median
89%
10%
14d median
84%
15%
24d median
79%
20%
40d median

Call option value: 3× sector average

Bullish

757 signals

92%
5%
7d median
88%
10%
15d median
84%
15%
26d median
78%
20%
44d median

New positions: 3× sector average

Bullish

280 signals

92%
5%
6d median
86%
10%
13d median
82%
15%
22d median
73%
20%
35d median

Net inflow: top 10% of sector

Bullish

998 signals

92%
5%
7d median
87%
10%
13d median
83%
15%
23d median
78%
20%
37d median

Top-10 holders: 3× sector average

Bullish

303 signals

91%
5%
6d median
87%
10%
16d median
84%
15%
27d median
79%
20%
47d median

Gross inflow: 3× sector average

Bullish

789 signals

90%
5%
7d median
85%
10%
15d median
79%
15%
25d median
74%
20%
41d median

Top-10 holder growth: top 10% of sector

Bullish

101 signals

88%
5%
5d median
85%
10%
10d median
81%
15%
15d median
76%
20%
25d median

Holding value drop: worst 5%

Bearish

210 signals

88%
5%
13d median
77%
10%
29d median
70%
15%
44d median
60%
20%
106d median

Holding value drop: worst 10%

Bearish

461 signals

86%
5%
15d median
75%
10%
33d median
66%
15%
57d median
56%
20%
108d median

Net inflow top 10%, few exits

Bullish

64 signals

81%
5%
8d median
75%
10%
16d median
67%
15%
28d median
63%
20%
63d median

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.