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.

2,536
signals scored
85.5%
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%.

2,536 signals opened in the last 24 months · all sizes · 35–50% from what funds paid

Threshold met Not met, but profitable Open Loss

Increased positions: 3× sector average

Bullish

99 signals

91%
5%
9d median
82%
10%
15d median
77%
15%
25d median
72%
20%
39d median

Top-10 holder growth: top 10% of sector

Bullish

77 signals

90%
5%
5d median
88%
10%
12d median
87%
15%
20d median
84%
20%
28d median

New positions: 3× sector average

Bullish

96 signals

90%
5%
6d median
81%
10%
11d median
77%
15%
16d median
68%
20%
22d median

Top-performing funds doubled stake

Bullish

133 signals

89%
5%
7d median
86%
10%
15d median
80%
15%
23d median
76%
20%
35d median

Holding value drop: worst 5%

Bearish

460 signals

86%
5%
8d median
78%
10%
19d median
72%
15%
31d median
64%
20%
44d median

Most funds doubling stake vs. market cap peers

Bullish

1,186 signals

86%
5%
7d median
81%
10%
18d median
76%
15%
28d median
72%
20%
42d median

Holding value drop: worst 10%

Bearish

864 signals

85%
5%
9d median
76%
10%
20d median
66%
15%
32d median
57%
20%
48d median

New positions: top 10% of sector

Bullish

287 signals

85%
5%
7d median
78%
10%
15d median
71%
15%
22d median
65%
20%
36d median

Net inflow top 10%, few exits

Bullish

104 signals

85%
5%
6d median
73%
10%
17d median
64%
15%
26d median
62%
20%
55d median

Call option value: 3× sector average

Bullish

235 signals

84%
5%
6d median
77%
10%
14d median
74%
15%
20d median
69%
20%
29d median

Net inflow: top 10% of sector

Bullish

419 signals

84%
5%
7d median
77%
10%
16d median
72%
15%
24d median
67%
20%
37d median

Gross inflow: 3× sector average

Bullish

217 signals

83%
5%
8d median
75%
10%
17d median
68%
15%
26d median
62%
20%
40d median

Top-10 holders: 3× sector average

Bullish

72 signals

81%
5%
7d median
74%
10%
16d median
68%
15%
22d median
63%
20%
33d 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.