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.

1,414
signals scored
77.8%
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%.

1,414 signals opened in the last 12 months · all sizes · 35–50% from what funds paid

Threshold met Not met, but profitable Open Loss

Increased positions: 3× sector average

Bullish

67 signals

88%
5%
12d median
76%
10%
17d median
69%
15%
25d median
66%
20%
37d median

Top-performing funds doubled stake

Bullish

98 signals

88%
5%
9d median
84%
10%
17d median
77%
15%
22d median
70%
20%
31d median

New positions: 3× sector average

Bullish

63 signals

84%
5%
7d median
73%
10%
12d median
68%
15%
15d median
59%
20%
19d median

Top-10 holder growth: top 10% of sector

Bullish

42 signals

81%
5%
8d median
79%
10%
14d median
76%
15%
21d median
71%
20%
31d median

New positions: top 10% of sector

Bullish

184 signals

78%
5%
7d median
70%
10%
14d median
61%
15%
18d median
53%
20%
24d median

Net inflow top 10%, few exits

Bullish

64 signals

78%
5%
6d median
61%
10%
15d median
52%
15%
17d median
47%
20%
22d median

Holding value drop: worst 5%

Bearish

233 signals

78%
5%
8d median
66%
10%
17d median
58%
15%
30d median
50%
20%
38d median

Most funds doubling stake vs. market cap peers

Bullish

645 signals

78%
5%
7d median
71%
10%
17d median
64%
15%
22d median
59%
20%
39d median

Holding value drop: worst 10%

Bearish

458 signals

78%
5%
9d median
65%
10%
19d median
54%
15%
29d median
45%
20%
40d median

Gross inflow: 3× sector average

Bullish

152 signals

78%
5%
9d median
67%
10%
17d median
58%
15%
22d median
53%
20%
34d median

Call option value: 3× sector average

Bullish

159 signals

77%
5%
7d median
69%
10%
16d median
64%
15%
20d median
58%
20%
27d median

Net inflow: top 10% of sector

Bullish

254 signals

77%
5%
7d median
67%
10%
17d median
61%
15%
22d median
56%
20%
30d median

Top-10 holders: 3× sector average

Bullish

48 signals

73%
5%
8d median
65%
10%
22d median
58%
15%
27d median
54%
20%
45d 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.