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.

5,444
signals scored
85.1%
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%.

5,444 signals opened in the last 24 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

391 signals

93%
5%
9d median
86%
10%
29d median
79%
15%
47d median
72%
20%
64d median

Most funds doubling stake vs. market cap peers

Bullish

1,255 signals

88%
5%
14d median
79%
10%
32d median
72%
15%
52d median
66%
20%
73d median

Call option value: 3× sector average

Bullish

1,693 signals

88%
5%
16d median
78%
10%
39d median
70%
15%
63d median
64%
20%
87d median

Top-performing funds doubled stake

Bullish

513 signals

88%
5%
13d median
77%
10%
29d median
68%
15%
46d median
59%
20%
62d median

New positions: 3× sector average

Bullish

894 signals

87%
5%
16d median
77%
10%
39d median
68%
15%
64d median
59%
20%
86d median

New positions: top 10% of sector

Bullish

2,796 signals

85%
5%
17d median
75%
10%
41d median
66%
15%
67d median
58%
20%
90d median

Top-10 holders: 3× sector average

Bullish

1,227 signals

85%
5%
19d median
73%
10%
45d median
64%
15%
69d median
54%
20%
91d median

Net inflow: top 10% of sector

Bullish

2,678 signals

85%
5%
17d median
75%
10%
39d median
66%
15%
64d median
57%
20%
85d median

Increased positions: 3× sector average

Bullish

1,508 signals

84%
5%
21d median
73%
10%
50d median
62%
15%
82d median
53%
20%
121d median

Gross inflow: 3× sector average

Bullish

2,255 signals

84%
5%
18d median
73%
10%
42d median
63%
15%
69d median
54%
20%
93d median

Holding value drop: worst 5%

Bearish

241 signals

84%
5%
14d median
72%
10%
25d median
59%
15%
43d median
46%
20%
63d median

Holding value drop: worst 10%

Bearish

715 signals

81%
5%
15d median
68%
10%
30d median
53%
15%
45d median
40%
20%
70d median

Net inflow top 10%, few exits

Bullish

59 signals

75%
5%
14d median
63%
10%
24d median
54%
15%
51d median
47%
20%
65d 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.