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.

551
signals scored
77.1%
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%.

551 signals opened in the last 12 months · Small Cap · 35–50% from what funds paid

Threshold met Not met, but profitable Open Loss

New positions: top 10% of sector

Bullish

3 signals

100%
5%
6d median
100%
10%
7d median
100%
15%
14d median
67%
20%
11d median

Holding value drop: worst 10%

Bearish

201 signals

85%
5%
7d median
74%
10%
17d median
65%
15%
24d median
60%
20%
41d median

Top-performing funds doubled stake

Bullish

18 signals

83%
5%
6d median
83%
10%
9d median
78%
15%
19d median
72%
20%
16d median

Holding value drop: worst 5%

Bearish

116 signals

80%
5%
7d median
69%
10%
15d median
63%
15%
22d median
59%
20%
37d median

Most funds doubling stake vs. market cap peers

Bullish

319 signals

74%
5%
7d median
68%
10%
16d median
63%
15%
25d median
58%
20%
41d median

Call option value: 3× sector average

Bullish

8 signals

63%
5%
6d median
38%
10%
16d median
38%
15%
16d median
38%
20%
27d median

Net inflow: top 10% of sector

Bullish

19 signals

53%
5%
5d median
32%
10%
8d median
26%
15%
14d median
16%
20%
14d median

Net inflow top 10%, few exits

Bullish

14 signals

50%
5%
4d median
29%
10%
8d median
21%
15%
14d median
14%
20%
11d median

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.