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.

25,295
signals scored
91.2%
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%.

25,295 signals opened since 2013 · Large Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Most funds doubling stake vs. market cap peers

Bullish

6,539 signals

93%
5%
17d median
88%
10%
42d median
82%
15%
70d median
77%
20%
97d median

Top-performing funds doubled stake

Bullish

1,680 signals

93%
5%
16d median
86%
10%
42d median
79%
15%
64d median
72%
20%
90d median

Top-10 holder growth: top 10% of sector

Bullish

1,252 signals

91%
5%
13d median
85%
10%
39d median
78%
15%
70d median
71%
20%
95d median

New positions: top 10% of sector

Bullish

11,859 signals

91%
5%
20d median
84%
10%
50d median
77%
15%
84d median
69%
20%
122d median

Net inflow: top 10% of sector

Bullish

11,363 signals

91%
5%
19d median
84%
10%
47d median
77%
15%
77d median
70%
20%
113d median

Top-10 holders: 3× sector average

Bullish

5,409 signals

91%
5%
21d median
83%
10%
51d median
75%
15%
85d median
67%
20%
131d median

Call option value: 3× sector average

Bullish

8,294 signals

91%
5%
20d median
84%
10%
49d median
77%
15%
81d median
70%
20%
119d median

Increased positions: 3× sector average

Bullish

6,192 signals

91%
5%
22d median
83%
10%
56d median
75%
15%
91d median
67%
20%
143d median

New positions: 3× sector average

Bullish

3,337 signals

91%
5%
17d median
83%
10%
46d median
75%
15%
77d median
67%
20%
109d median

Gross inflow: 3× sector average

Bullish

9,864 signals

90%
5%
19d median
83%
10%
49d median
75%
15%
83d median
67%
20%
121d median

Net inflow top 10%, few exits

Bullish

336 signals

90%
5%
12d median
85%
10%
34d median
78%
15%
70d median
71%
20%
93d median

Holding value drop: worst 5%

Bearish

1,158 signals

87%
5%
17d median
76%
10%
36d median
65%
15%
84d median
55%
20%
119d median

Holding value drop: worst 10%

Bearish

3,137 signals

86%
5%
21d median
75%
10%
48d median
63%
15%
92d median
53%
20%
127d 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.