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.

65
signals scored
58.5%
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%.

65 signals opened in the last 3 months · Mega Cap · 5–15% from what funds paid

Threshold met Not met, but profitable Open Loss

Net inflow top 10%, few exits

Bullish

2 signals

100%
5%
26d median
100%
10%
47d median
100%
15%
49d median
0%
20%
–

Most funds doubling stake vs. market cap peers

Bullish

6 signals

83%
5%
14d median
67%
10%
26d median
50%
15%
29d median
33%
20%
30d median

Top-10 holder growth: top 10% of sector

Bullish

16 signals

81%
5%
7d median
75%
10%
21d median
56%
15%
26d median
50%
20%
28d median

Net inflow: top 10% of sector

Bullish

46 signals

67%
5%
17d median
48%
10%
22d median
28%
15%
28d median
22%
20%
28d median

New positions: top 10% of sector

Bullish

46 signals

67%
5%
17d median
48%
10%
22d median
28%
15%
28d median
22%
20%
28d median

New positions: 3× sector average

Bullish

35 signals

66%
5%
11d median
51%
10%
22d median
31%
15%
28d median
23%
20%
28d median

Increased positions: 3× sector average

Bullish

42 signals

64%
5%
14d median
43%
10%
22d median
21%
15%
26d median
19%
20%
28d median

Gross inflow: 3× sector average

Bullish

46 signals

63%
5%
14d median
43%
10%
22d median
24%
15%
28d median
17%
20%
28d median

Top-10 holders: 3× sector average

Bullish

40 signals

63%
5%
11d median
45%
10%
22d median
28%
15%
28d median
20%
20%
28d median

Top-performing funds doubled stake

Bullish

8 signals

63%
5%
4d median
38%
10%
17d median
0%
15%
–
0%
20%
–

Call option value: 3× sector average

Bullish

44 signals

61%
5%
14d median
41%
10%
22d median
25%
15%
28d median
20%
20%
28d median

Holding value drop: worst 10%

Bearish

16 signals

38%
5%
23d median
19%
10%
34d median
6%
15%
33d median
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.