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.

55
signals scored
49.1%
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%.

55 signals opened in the last 3 months · Large Cap · 35–50% from what funds paid

Threshold met Not met, but profitable Open Loss

Top-performing funds doubled stake

Bullish

1 signal

100%
5%
7d median
100%
10%
31d median
100%
15%
31d median
100%
20%
35d median

Top-10 holders: 3× sector average

Bullish

5 signals

60%
5%
6d median
60%
10%
15d median
40%
15%
19d median
20%
20%
32d median

Holding value drop: worst 10%

Bearish

14 signals

50%
5%
8d median
36%
10%
8d median
36%
15%
18d median
36%
20%
20d median

Holding value drop: worst 5%

Bearish

4 signals

50%
5%
15d median
25%
10%
7d median
25%
15%
20d median
25%
20%
20d median

New positions: top 10% of sector

Bullish

23 signals

48%
5%
4d median
39%
10%
7d median
26%
15%
14d median
22%
20%
19d median

Net inflow top 10%, few exits

Bullish

7 signals

43%
5%
2d median
43%
10%
3d median
14%
15%
3d median
14%
20%
3d median

Net inflow: top 10% of sector

Bullish

22 signals

41%
5%
4d median
36%
10%
7d median
18%
15%
26d median
14%
20%
34d median

Call option value: 3× sector average

Bullish

15 signals

40%
5%
11d median
33%
10%
6d median
27%
15%
6d median
20%
20%
2d median

Most funds doubling stake vs. market cap peers

Bullish

10 signals

40%
5%
21d median
30%
10%
25d median
20%
15%
29d median
10%
20%
29d median

New positions: 3× sector average

Bullish

8 signals

38%
5%
20d median
25%
10%
13d median
25%
15%
20d median
13%
20%
1d median

Gross inflow: 3× sector average

Bullish

14 signals

36%
5%
4d median
29%
10%
7d median
14%
15%
12d median
14%
20%
19d median

Increased positions: 3× sector average

Bullish

3 signals

33%
5%
28d median
0%
10%
–
0%
15%
–
0%
20%
–

Top-10 holder growth: top 10% of sector

Bullish

2 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.