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.

3,515
signals scored
83.6%
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%.

3,515 signals opened in the last 24 months · Large Cap · 5–15% from what funds paid

Threshold met Not met, but profitable Open Loss

Top-10 holder growth: top 10% of sector

Bullish

240 signals

92%
5%
16d median
84%
10%
43d median
74%
15%
68d median
66%
20%
90d median

New positions: 3× sector average

Bullish

585 signals

87%
5%
22d median
76%
10%
55d median
65%
15%
82d median
55%
20%
111d median

Call option value: 3× sector average

Bullish

1,078 signals

86%
5%
20d median
76%
10%
50d median
67%
15%
79d median
60%
20%
114d median

Top-performing funds doubled stake

Bullish

298 signals

85%
5%
14d median
74%
10%
35d median
65%
15%
50d median
57%
20%
68d median

Most funds doubling stake vs. market cap peers

Bullish

756 signals

84%
5%
20d median
74%
10%
45d median
67%
15%
69d median
60%
20%
88d median

Top-10 holders: 3× sector average

Bullish

904 signals

84%
5%
23d median
72%
10%
58d median
61%
15%
82d median
51%
20%
110d median

Net inflow: top 10% of sector

Bullish

1,819 signals

83%
5%
21d median
73%
10%
50d median
62%
15%
77d median
52%
20%
105d median

New positions: top 10% of sector

Bullish

1,934 signals

83%
5%
21d median
73%
10%
51d median
62%
15%
81d median
54%
20%
106d median

Gross inflow: 3× sector average

Bullish

1,533 signals

83%
5%
22d median
71%
10%
56d median
60%
15%
84d median
50%
20%
117d median

Holding value drop: worst 10%

Bearish

372 signals

81%
5%
16d median
65%
10%
30d median
48%
15%
47d median
35%
20%
65d median

Net inflow top 10%, few exits

Bullish

16 signals

81%
5%
22d median
63%
10%
36d median
56%
15%
89d median
44%
20%
104d median

Increased positions: 3× sector average

Bullish

1,086 signals

81%
5%
28d median
70%
10%
65d median
59%
15%
96d median
49%
20%
146d median

Holding value drop: worst 5%

Bearish

114 signals

81%
5%
15d median
65%
10%
25d median
50%
15%
43d median
39%
20%
51d 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.