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.

271
signals scored
56.8%
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%.

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

Threshold met Not met, but profitable Open Loss

Holding value drop: worst 5%

Bearish

41 signals

88%
5%
11d median
71%
10%
25d median
56%
15%
34d median
34%
20%
23d median

Holding value drop: worst 10%

Bearish

95 signals

83%
5%
11d median
60%
10%
22d median
51%
15%
33d median
29%
20%
33d median

Top-10 holder growth: top 10% of sector

Bullish

4 signals

75%
5%
2d median
75%
10%
2d median
50%
15%
14d median
50%
20%
16d median

Top-performing funds doubled stake

Bullish

10 signals

50%
5%
5d median
40%
10%
4d median
40%
15%
5d median
40%
20%
7d median

Most funds doubling stake vs. market cap peers

Bullish

153 signals

43%
5%
5d median
25%
10%
12d median
14%
15%
19d median
9%
20%
18d median

Net inflow top 10%, few exits

Bullish

13 signals

23%
5%
1d median
8%
10%
1d median
0%
15%
–
0%
20%
–

Net inflow: top 10% of sector

Bullish

16 signals

19%
5%
1d median
6%
10%
1d median
0%
15%
–
0%
20%
–

New positions: top 10% of sector

Bullish

3 signals

0%
5%
–
0%
10%
–
0%
15%
–
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.