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.

36
signals scored
100%
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%.

36 signals opened in the last 24 months · Mega Cap · 35–50% from what funds paid

Threshold met Not met, but profitable Open Loss

Call option value: 3× sector average

Bullish

18 signals

100%
5%
5d median
100%
10%
14d median
100%
15%
16d median
100%
20%
43d median

Gross inflow: 3× sector average

Bullish

20 signals

100%
5%
5d median
100%
10%
15d median
100%
15%
17d median
100%
20%
43d median

Holding value drop: worst 10%

Bearish

12 signals

100%
5%
18d median
100%
10%
40d median
100%
15%
80d median
100%
20%
103d median

Holding value drop: worst 5%

Bearish

8 signals

100%
5%
18d median
100%
10%
32d median
100%
15%
80d median
100%
20%
119d median

Increased positions: 3× sector average

Bullish

19 signals

100%
5%
5d median
100%
10%
11d median
100%
15%
16d median
100%
20%
38d median

Most funds doubling stake vs. market cap peers

Bullish

16 signals

100%
5%
5d median
100%
10%
9d median
100%
15%
17d median
100%
20%
29d median

Net inflow: top 10% of sector

Bullish

19 signals

100%
5%
5d median
100%
10%
14d median
100%
15%
18d median
100%
20%
38d median

New positions: 3× sector average

Bullish

18 signals

100%
5%
5d median
100%
10%
15d median
100%
15%
17d median
100%
20%
49d median

New positions: top 10% of sector

Bullish

22 signals

100%
5%
5d median
100%
10%
13d median
100%
15%
17d median
100%
20%
37d median

Top-10 holder growth: top 10% of sector

Bullish

6 signals

100%
5%
6d median
100%
10%
10d median
100%
15%
27d median
100%
20%
34d median

Top-10 holders: 3× sector average

Bullish

12 signals

100%
5%
13d median
100%
10%
16d median
100%
15%
32d median
100%
20%
62d median

Top-performing funds doubled stake

Bullish

11 signals

100%
5%
5d median
100%
10%
13d median
100%
15%
15d median
100%
20%
64d 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.