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.

106
signals scored
72.6%
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%.

106 signals opened in the last 6 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

14 signals

86%
5%
8d median
71%
10%
25d median
57%
15%
24d median
50%
20%
27d median

Top-10 holder growth: top 10% of sector

Bullish

23 signals

83%
5%
12d median
70%
10%
21d median
57%
15%
28d median
52%
20%
29d median

New positions: top 10% of sector

Bullish

88 signals

80%
5%
13d median
61%
10%
25d median
48%
15%
34d median
41%
20%
37d median

Net inflow: top 10% of sector

Bullish

86 signals

79%
5%
15d median
60%
10%
25d median
48%
15%
35d median
41%
20%
38d median

Increased positions: 3× sector average

Bullish

84 signals

79%
5%
12d median
60%
10%
24d median
45%
15%
33d median
40%
20%
39d median

Gross inflow: 3× sector average

Bullish

86 signals

77%
5%
13d median
58%
10%
25d median
45%
15%
35d median
38%
20%
39d median

New positions: 3× sector average

Bullish

61 signals

75%
5%
13d median
61%
10%
28d median
46%
15%
37d median
36%
20%
41d median

Top-performing funds doubled stake

Bullish

28 signals

75%
5%
10d median
54%
10%
29d median
36%
15%
33d median
36%
20%
53d median

Call option value: 3× sector average

Bullish

84 signals

74%
5%
15d median
55%
10%
25d median
44%
15%
36d median
38%
20%
41d median

Top-10 holders: 3× sector average

Bullish

76 signals

74%
5%
12d median
57%
10%
28d median
46%
15%
38d median
38%
20%
43d median

Holding value drop: worst 10%

Bearish

13 signals

46%
5%
23d median
23%
10%
34d median
8%
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.