Signal backtest

90.1% 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.

2,876
signals scored
78.4%
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% two years after opening, and the median bearish one +0.7%.

2,876 signals opened in the last 12 months · Large Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Top-10 holder growth: top 10% of sector

Bullish

158 signals

84%
5%
13d median
72%
10%
25d median
61%
15%
36d median
54%
20%
45d median

Top-performing funds doubled stake

Bullish

300 signals

83%
5%
11d median
68%
10%
22d median
59%
15%
33d median
48%
20%
44d median

Holding value drop: worst 5%

Bearish

126 signals

83%
5%
12d median
67%
10%
22d median
54%
15%
33d median
39%
20%
47d median

Most funds doubling stake vs. market cap peers

Bullish

682 signals

81%
5%
13d median
69%
10%
25d median
60%
15%
39d median
51%
20%
53d median

Holding value drop: worst 10%

Bearish

416 signals

80%
5%
15d median
66%
10%
26d median
49%
15%
36d median
34%
20%
48d median

Call option value: 3× sector average

Bullish

842 signals

79%
5%
12d median
66%
10%
28d median
56%
15%
43d median
48%
20%
56d median

New positions: 3× sector average

Bullish

423 signals

79%
5%
14d median
66%
10%
29d median
55%
15%
44d median
44%
20%
57d median

Net inflow: top 10% of sector

Bullish

1,434 signals

78%
5%
15d median
66%
10%
34d median
55%
15%
50d median
44%
20%
63d median

New positions: top 10% of sector

Bullish

1,436 signals

78%
5%
14d median
65%
10%
31d median
53%
15%
45d median
44%
20%
59d median

Increased positions: 3× sector average

Bullish

758 signals

77%
5%
20d median
63%
10%
44d median
50%
15%
61d median
38%
20%
78d median

Top-10 holders: 3× sector average

Bullish

633 signals

77%
5%
17d median
62%
10%
40d median
50%
15%
56d median
39%
20%
70d median

Gross inflow: 3× sector average

Bullish

1,192 signals

77%
5%
15d median
62%
10%
32d median
49%
15%
52d median
38%
20%
68d median

Net inflow top 10%, few exits

Bullish

39 signals

62%
5%
10d median
44%
10%
13d median
31%
15%
16d median
23%
20%
15d 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.