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.

213
signals scored
65.7%
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%.

213 signals opened in the last 6 months · Mid Cap · 35–50% from what funds paid

Threshold met Not met, but profitable Open Loss

Increased positions: 3× sector average

Bullish

1 signal

100%
5%
5d median
100%
10%
5d median
0%
15%
–
0%
20%
–

Top-performing funds doubled stake

Bullish

6 signals

83%
5%
3d median
83%
10%
11d median
83%
15%
14d median
83%
20%
14d median

Top-10 holder growth: top 10% of sector

Bullish

4 signals

75%
5%
24d median
75%
10%
24d median
75%
15%
51d median
75%
20%
51d median

Net inflow top 10%, few exits

Bullish

11 signals

73%
5%
6d median
18%
10%
8d median
9%
15%
76d median
0%
20%
–

Most funds doubling stake vs. market cap peers

Bullish

80 signals

71%
5%
6d median
60%
10%
13d median
51%
15%
14d median
45%
20%
30d median

Holding value drop: worst 5%

Bearish

41 signals

71%
5%
8d median
54%
10%
20d median
37%
15%
31d median
22%
20%
35d median

Holding value drop: worst 10%

Bearish

87 signals

67%
5%
12d median
48%
10%
25d median
34%
15%
29d median
21%
20%
32d median

Gross inflow: 3× sector average

Bullish

5 signals

60%
5%
14d median
20%
10%
5d median
0%
15%
–
0%
20%
–

Call option value: 3× sector average

Bullish

25 signals

56%
5%
4d median
44%
10%
10d median
36%
15%
14d median
28%
20%
9d median

Net inflow: top 10% of sector

Bullish

28 signals

50%
5%
6d median
25%
10%
7d median
18%
15%
15d median
11%
20%
16d median

New positions: top 10% of sector

Bullish

28 signals

50%
5%
6d median
32%
10%
8d median
25%
15%
13d median
25%
20%
14d median

Top-10 holders: 3× sector average

Bullish

3 signals

33%
5%
1d median
33%
10%
1d median
33%
15%
1d median
33%
20%
1d 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.