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.

252
signals scored
29.8%
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%.

252 signals opened in the last month · Large Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Holding value drop: worst 5%

Bearish

4 signals

75%
5%
4d median
25%
10%
17d median
0%
15%
–
0%
20%
–

Top-performing funds doubled stake

Bullish

7 signals

43%
5%
13d median
14%
10%
18d median
0%
15%
–
0%
20%
–

Holding value drop: worst 10%

Bearish

19 signals

42%
5%
3d median
21%
10%
7d median
0%
15%
–
0%
20%
–

Top-10 holder growth: top 10% of sector

Bullish

11 signals

36%
5%
3d median
18%
10%
7d median
9%
15%
16d median
9%
20%
17d median

Most funds doubling stake vs. market cap peers

Bullish

57 signals

30%
5%
9d median
12%
10%
10d median
5%
15%
9d median
4%
20%
17d median

Top-10 holders: 3× sector average

Bullish

52 signals

29%
5%
12d median
6%
10%
7d median
2%
15%
7d median
2%
20%
7d median

New positions: top 10% of sector

Bullish

142 signals

28%
5%
8d median
11%
10%
11d median
4%
15%
12d median
3%
20%
15d median

Gross inflow: 3× sector average

Bullish

103 signals

28%
5%
12d median
11%
10%
16d median
5%
15%
14d median
2%
20%
11d median

Net inflow: top 10% of sector

Bullish

123 signals

28%
5%
12d median
11%
10%
10d median
5%
15%
14d median
2%
20%
16d median

Call option value: 3× sector average

Bullish

86 signals

27%
5%
12d median
8%
10%
7d median
5%
15%
8d median
3%
20%
7d median

Increased positions: 3× sector average

Bullish

75 signals

23%
5%
12d median
5%
10%
14d median
1%
15%
14d median
0%
20%
–

Net inflow top 10%, few exits

Bullish

6 signals

17%
5%
15d median
0%
10%
–
0%
15%
–
0%
20%
–

New positions: 3× sector average

Bullish

25 signals

12%
5%
7d median
8%
10%
9d median
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.